Jiaxing’s fastener export totaled USD 900 million in 2013, down by 6.59% year-on-year and accounting for 4% of the total export value of Jiaxing city.
The main characteristics of Jiaxing fastener export in 2013:
Firstly, export markets were still dominant by America and Europe. America and Europe have been the major export markets of Jiaxing fasteners. The fastener exported to America and Europe reached USD 390 million in 2013, taking up 44% of the total export value but declining by 4.5% year-on-year, of which, the export to America was USD 210 million, taking up 24% of the totals and dropping by 9% year-on-year while the export to EU was USD 180 million, taking up 20% of the totals and growing by 1% year-on-year.
Secondly, the export to new emerging market went strong. Jiaxing’s fastener exports to Russia, Brazil, India, South Africa, and ASEAN was USD 200 million in total, taking up 22% of the totals. Meanwhile, the export to Japan, Germany, Italy, the Netherlands, Sweden and Singapore increased by 11%, 7%, 7%, 12%, 33% and 10%, respectively.
Thirdly, the number of large scale export companies declined. There were 21 companies whose fastener export exceeded USD 10 million in 2013, of which, 12 companies’ export value went down year-on-year.
Fourthly, general trade was still the main export mode. The export value by general trade in 2013 achieved USD 850 million, taking up 94 % of totals.
Fifthly, the export price varied from materials to materials. The average export price of the steel fasteners decreased by 4% to USD 1,309 per ton, the price of the copper fasteners increased by 11% to USD 11,106 per ton, and the price of the aluminum fasteners grew by 5% to USD 2,471 per ton.