FIN Survey: North American Manufacturers Lose Market Share; China Nearly Doubles its Percentage
FIN Survey: North American Manufacturers Lose Market Share; China Nearly Doubles its Percentage
John Wolz
Just three years ago distributors bought a 51.3% majority of fasteners from North American manufacturers. But distributors participating in the End of 2003 Fastener Industry News Survey report buying an average of 37.9% of fasteners from North American manufacturers.
Combined Asian sources now total a majority of the supply to distributors.
China rose from 8.6% during 2000 to supplying 16.2% in 2003.
Taiwan showed a slight gain to 29.6% � up one percentage point from three years ago.
The Taiwan and China percentages plus 2,1% from Japan and 3.0% from other Asian countries add up to a 50.9% majority of distributors� sources.
Western Europe, South America and �other continents� gained in percentages, but remain at single digit levels. Eastern Europe rose from half of one percent to almost single digit sales at 0.9%.
Japan and other Asian suppliers lost market share. �2004 FastenerNews.com
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