Jiaxing Fastener Exports down 6.59% in 2013
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Exhibition Name: Jiaxing Fastener Exports down 6.59% in 2013
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Jiaxing’s fastener exports declined 6.59% to $900 million in 2013, accounting for 4% of the city’s total export value.

Jiaxing Fastener Exports Highlights in 2013:

1. Exports to the main markets showed downtrend. EU and the U.S. have been Jiaxing’s main fastener markets. However, exports to these markets declined 4.5% to $390 million, taking up 44% of the total fastener exports. Exports to the U.S. dropped 9% to $210 million while exports to EU increased 1% to $180 million.

2. Exports to the emerging markets showed uptrend and to some developed countries posted strong growth. Jiaxing’s fastener exports to Russia, Brazil, India, South Africa, and ASEAN amounted to $200 million, accounting for 22% of the total fastener exports. Meanwhile, exports to Japan, Germany, Italy, the Netherlands, Sweden and Singapore rose 11%, 7%, 7%, 12%, 33% and 10%, respectively.

3. Over half of the big exporters reported value down. There were 21 companies exporting fasteners exceeding $10 million in value for the year of 2013, however, 57% of them reported value decrease.

4. The general trade was still the main way to export fasteners. The export value by general trade in 2013 achieved $850 million, accounting for 94 % of Jiaxing’s fastener exports.

5. The fastener export price mixed. The average export price for the steel or iron fasteners decreased 4% to $1,309/ton. The price for the copper made fasteners increased 11% to $11,106/ton. The price for the aluminum fasteners grew 5% to $2,471/ton.

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