In the first three quarters of 2011, Taiwan's fasteners

I. Overview of Production and Sales of Fasteners in Taiwan in the Third Quarter of 2011 The export value of Taiwan's fasteners reached NT$31 billion in the third quarter of 2011, reaching a record high, which was a 3% increase from the second quarter, as shown in Table 1. In terms of imports, Taiwan’s fastener imports in the third quarter were NT$1.2 billion, a 10% increase from the second quarter. In terms of export average unit price, the average unit price for exports in the third quarter was 83.7 yuan/kg, which was slightly higher than the second quarter by 4%, as shown in Figure 1.

In the first three quarters of 2011, the output value of Taiwan's fasteners was 94.3 billion yuan, and the export value reached 87.7 billion yuan, an increase of 17% over the same period of 2010; the import value was 3.3 billion yuan, an increase of 15% over the same period of 2010, and the domestic market demand was 99%. Billion; the average unit price is 81 yuan/kg.

The top five fastener exporters in Taiwan in the first three quarters were the United States (34%), Germany (10%), the Netherlands (6%), Japan (6%), and the United Kingdom (4%). The top five countries export the fasteners to Taiwan. Japan’s average unit price is as high as 97 yuan/kg, and the remaining four countries are between 74 and 82 yuan/kg. The top five import countries are Japan (53%), the United States (10%), China (9%), Germany (6%), and the Philippines (4%).

Unit: NT$100 million 2009 2010 2011Q3 2011 First three quarters 2011 (expected) Gross value of total project value Gross value of previous quarter to year-on-year Total production year-on-year 758 1,098 333 3% 943 17% 1,260 15% Import 34 42 12 10% 33 15% 43 2% Export 684 1,021 310 3% 877 17% 1,172 15% Domestic market demand 108 118 35 5% 99 16% 131 10% Import proportion 31% 35% 32% -- 33% -- 33% -- Export ratio 90% 93% 93% -- 93% -- 93% -- (Source: Taiwan Customs Import & Export Database / Metal Center ITIS)


II. Overview of major export markets The two most important factors that currently affect the global economy are: a marked slowdown in the pace of recovery of developed economies, a sharp increase in financial and financial uncertainties, coupled with rising raw material prices due to rising weather and developed countries in Europe and America. The high unemployment rate has caused the economic growth in 2011 to be far less robust than in 2010. The International Monetary Fund (IMF) released the World Economic Outlook report in September, showing that the global economic growth rate fell to 4.0% in 2011, of which the economic growth rate of developed economies fell sharply to 1.6% this year, and the economic growth rate of China’s mainland was 9.5%; In 2012, the global economic growth rate was 4.0%, of which the economic growth rate of developed economies was 1.9%, and the growth rate of China's mainland economy was 9.0%.

In the major export markets, the U.S. economy was disrupted by the earthquake in Japan and caused the disruption of the automotive supply chain. The continuous rise in international oil prices led to the weakening of domestic demand. In addition to the fiscal consolidation and the slow process of converting public demand into private demand, the U.S. economy grew faster. Weakened, the IMF predicts that the U.S. economy will only grow by 1.5% in 2011 and 1.8% in 2012. However, despite the fact that the housing market is still in a downturn, but the favorable conditions for the automotive and machinery industries, the rapid growth of fastener imports, the United States in the first three quarters of 2011 the import of fasteners increased by 12% over the same period in 2010, but still compared to 2008 The decline of 9% has not yet returned to the pre-crisis level.

In the EU market, the IMF forecasted a 1.6% economic growth in the euro zone in 2011 due to huge public deficits and liabilities, continued tightening of fiscal policies, and a decline in the confidence index of manufacturing and retail industries. This has caused consumer and business confidence to be dampened and restrained economic growth. In 2012, it was 1.1%. At present, the number of fasteners exported from Taiwan to the EU is stable each month. The number of exports to the EU in the first three quarters of 2011 increased by 30% compared to the same period in 2010 to 396,000 metric tons, slightly ahead of the 394,000 metric tons exported to the United States.

The average unit price of Taiwan’s exports to the United States and Europe in the first three quarters was 74.2 yuan/kg, which was higher than that before the financial turmoil. The average unit price for exports to the European Union was 77.9 yuan/kg, which was still lower than the 2008 total. The annual average is 84.4 yuan/kg.

Third, the current problems (a) Taiwan's steel prices in March domestic comprehensive Kaiping China Steel in April and May domestic price of bar steel products rose 2,500 yuan / metric ton, 6 to December rod steel products Domestic sales prices have remained flat. In March 2012, the domestic sales prices of all types of steel products remained flat.

(II) EU imposes anti-dumping duties on fasteners imported from Malaysia After the EU investigated Chinese fasteners to avoid anti-dumping duties and exported them to the European Union via Malaysia, it decided to impose the same standards on China's imports of relevant steel fasteners as those used in China. % of anti-dumping rates, only 8 out of Malaysian exporters are exempt.

(3) Japan's imports of fasteners have resumed normal growth in the second quarter after high growth in fasteners in the third quarter. The 311 earthquake in Japan led to 88,000 metric tons of fastener imports in the second quarter, marking a single-season high in the past few years. With the lifting of the power shortage crisis, the fastener imports in the third quarter have returned to the normal level of 75,000 metric tons.

IV. Conclusion Although the economic recovery in developed countries such as Europe and the United States is still stagnant, the demand in emerging markets continues to rise, driving the steady growth of the global economy, and the manufacturing industry continues to expand. Since the fourth quarter is the peak season for the North American market, the automotive and machinery industries are optimistic about the economy. Demand for Europe and the United States is expected to pick up. It is estimated that the export value of fasteners in Q4 in Taiwan will be approximately 29.5 billion yuan in 2011, with an output value of 31.7 billion yuan. In 2011, the export value of the entire year was 177.2 billion yuan, and the output value was 226 billion yuan.