Overview of 2011 Fastener Export & Import in Asia

2012-07-02

1. Taiwan
In 2011, Taiwan fastener exports remained the robust performance of 2010, reaching 1.42 million tons, up 11.4% over 2010 and amounting to USD3.97 billion (+23.61%). The top five destinations of Taiwan exports were the US, Germany, Holland, Japan and the UK. The record high export volume growth was mostly due to the increasing exports to the EU, which has been Taiwan’s largest export market. In addition, Taiwan’s import market was small with only 25,000 tons.  

2.  Japan
According to the monthly financial analysis of Japan in May, the economy of Japan is slowly recovering. Regarding the figures of the fastener industry, the output was 2.76 million tons in 2011, down 3.7% over 2011; output value was JPY79.73 billion (-1.4%), export volume was 305,000 tons (-1.8%) while export value was JPY23.19 billion (–1.6%); import volume was 218,000 tons (+10.8%) while import value was JPY64 billion (+11.8%). The import volume and value of Japan in 2011 as showed above both hit the highest levels in history.

3. China
2011 was the first year in China’s 12th Five-Year Plan. The total output in the fastener industry of China in 2011 amounted to 6.8 million tons, increasing 9.7% compared to 2010 while total sales achieved RMB66 billion (+10%). The fastener export volume reached 2.589 million tons, increasing 13.95% compared to 2010 while export value reached USD4.664 billion (+27.56%). The fastener import volume was 264,000 tons (+0.39%) while import value was USD2.94 billion (+2.41%).

4. Hong Kong
Owing to the fact that the unstable economy in the US and Europe lead to a reduction of demand and the Euro debt crisis gets worse, causing a decline in exports, Hong Kong fastener export volume in 2011 amounted to 30,700 tons, down 6% compared to 2010 while export value was USD374 million, up 1% compared to 2010. The import volume was 45,500, increasing 3% compared to 2010 but substantially declining 25% compared to 2009 while import value was USD325 million, down 2% compared to 2010. 

5. South Korea
The fastener output of South Korea in 2011 reached 820,000 tons with the sales of USD2.87 billion, showing a slight growth compared to last year. The result was due to the production growth of the domestic CBU vehicle enterprises. The import value was USD440 million, up 13.5% compared to 2010 while the export value was USD480 million, up 50.1% compared to 2010. This shows that the fastener industry of Korea achieved a trade surplus equivalent to USD50 million in 2011.