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Chun Yu Expects Mild Rebound in Q2 and Recovery in 2nd Half of 2023
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2022-12-13
Chun Yu said it is looking to end inventory adjustment in Q1 2023. Its corporate performance could stabilize in Q2 2023 and there could be a mild recovery. There is a chance for Taiwanese fastener market to recover in the second half of 2023. According to Chun Yu's analysis, its output in Taiwan peaked at 12,000 to 13,000 tons while the normal threshold is about 9,000 tons. It reached 8,000 tons from the end of Q3 to Q4 2022 and could return to 10,000 tons per month in 2023.
In terms of China, Chun Yu said the lockdown could soften in the future despite sporadic reoccurrence of COVID, that it couldn't go worse. In good times, outbound delivery can reach 6,000 to 8,000 tons. Currently it is 4,000 to 5,000 tons and could return to 6,000 tons in 2023.
Chun Yu has high hopes for Indonesia because the country is breaking records in GDP with a robust local demand. Indonesia is a material producing country and is less subject to inflation. Currently Chun Yu sells 2,000-2,500 tons of products per month there.
Chun Yu holds positive outlook toward Europe given the AD tariff on China's fasteners which is thought to favor Taiwanese fastener industry. Chun Yu is actively expanding its market share in the U.S. with steady increases.
In terms of China, Chun Yu said the lockdown could soften in the future despite sporadic reoccurrence of COVID, that it couldn't go worse. In good times, outbound delivery can reach 6,000 to 8,000 tons. Currently it is 4,000 to 5,000 tons and could return to 6,000 tons in 2023.
Chun Yu has high hopes for Indonesia because the country is breaking records in GDP with a robust local demand. Indonesia is a material producing country and is less subject to inflation. Currently Chun Yu sells 2,000-2,500 tons of products per month there.
Chun Yu holds positive outlook toward Europe given the AD tariff on China's fasteners which is thought to favor Taiwanese fastener industry. Chun Yu is actively expanding its market share in the U.S. with steady increases.
Chun Yu
sales rebound
fastener market
2nd half 2023
春雨
銷量回彈
扣件市場
2023下半年
