Taiwan's Fastener Export Broke Historic Record in 2011

Taiwan's fastener export broke historic record in 2011. The export volume increased by 11.14% to 1.42 million tons and the export value grew by 23.61% to 3.97 billion dollars year-on-year. Being affected by the lasting European Debt Crisis, Taiwan’s fastener export to EU dropped to 114,000 tons in Q4, 2011, reduced by 7.3% in compared with the last quarter (2011, Q3: 123,000 tons), and kept reduced to 111,000 tons in Q1, 2012. However, the export value grew by 4.7% and the unit price stood on the high point of 2.803 dollars. USA imported 520,000 tons fasteners (taking up 36.6% of the totals) from Taiwan in 2011 and ranked as the largest importer, followed by Germany, Netherlands, Japan, and United Kingdom, taking up 10.2% (145,000 tons), 6% (86,000 tons), 4.5% (64,000) and 4.2% (60,000 tons) respectively, of which, the unit price exported to Japan topped the highest level and reached 3.4 dollars/kg; and the unit price to other four countries was among 2.5 to 2.8 dollars/kg. Taiwan seldom imported fasteners, whose import volume was just 20,000 to 30,000 tons in one year. Source:chinafastener