The 2011 Import and Export Market for Iron or Steel Nails, Tacks, and Staples Excluding Staples in Strips for Office Use and Articles with Copper Heads in the United States by ICONGroup

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									  The 2011 Import and Export
 Market for Iron or Steel Nails,
  Tacks, and Staples Excluding
 Staples in Strips for Office Use
    and Articles with Copper
   Heads in the United States

                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.



                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.



                               Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.



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                                                        Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                                  8
2     THE UNITED STATES AND THE WORLD MARKET                       10
    2.1    Imports in the United States in 2011                    10
    2.2    Exports from the United States in 2011                  11
3     IMPORTS IN THE UNITED STATES                                 12
    3.1      Africa                                                12
       3.1.1    Cameroon                                           12
    3.2      Asia                                                  13
       3.2.1    China                                              13
       3.2.2    Hong Kong                                          14
       3.2.3    India                                              15
       3.2.4    Indonesia                                          15
       3.2.5    Japan                                              16
       3.2.6    Malaysia                                           17
       3.2.7    South Korea                                        18
       3.2.8    Taiwan                                             19
       3.2.9    Thailand                                           20
       3.2.10 Vietnam                                              20
    3.3      Europe                                                21
       3.3.1    Austria                                            21
       3.3.2    Belgium                                            22
       3.3.3    Czech Republic                                     23
       3.3.4    Denmark                                            24
       3.3.5    France                                             25
       3.3.6    Germany                                            26
       3.3.7    Hungary                                            27
       3.3.8    Italy                                              28
       3.3.9    Poland                                             29
       3.3.10 Portugal                                             30
       3.3.11 Romania                                              30
       3.3.12 Spain                                                31
       3.3.13 Sweden                                               32
       3.3.14 the Netherlands                                      33
    3.4      Latin America                                         34
       3.4.1    Argentina                                          34
       3.4.2    Brazil                                             34
       3.4.3    Chile                                              35
       3.4.4    Colombia                                           35
       3.4.5    Ecuador                                            36
       3.4.6    Honduras                                           36
       3.4.7    Mexico                                             37
    3.5      North America & the Caribbean                         38
       3.5.1    Canada                                             38
       3.5.2    Dominican Republic                                 38
    3.6      Oceana                                                39
       3.6.1    Australia                                          39
       3.6.2    New Zealand                                        39
    3.7      the Middle East                                       40
       3.7.1    Turkey                                             40


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                                                 Contents        vi

4     EXPORTS FROM THE UNITED STATES                        41
    4.1      Africa                                         41
       4.1.1   Cote d'Ivoire                                41
       4.1.2   South Africa                                 42
    4.2      Asia                                           43
       4.2.1   China                                        43
       4.2.2   Hong Kong                                    44
       4.2.3   Indonesia                                    45
       4.2.4   Japan                                        46
       4.2.5   Singapore                                    47
       4.2.6   South Korea                                  47
       4.2.7   Thailand                                     48
    4.3      Europe                                         49
       4.3.1   Austria                                      49
       4.3.2   Belgium                                      50
       4.3.3   Czech Republic                               51
       4.3.4   Denmark                                      52
       4.3.5   Finland                                      53
       4.3.6   France                                       54
       4.3.7   Germany                                      55
       4.3.8   Iceland                                      56
       4.3.9   Ireland                                      57
       4.3.10 Italy                                         58
       4.3.11 Norway                                        59
       4.3.12 Romania                                       60
       4.3.13 Russia                                        61
       4.3.14 Slovakia                                      62
       4.3.15 Sweden                                        63
       4.3.16 the Netherlands                               64
    4.4      Latin America                                  65
       4.4.1   Argentina                                    65
       4.4.2   Belize                                       65
       4.4.3   Bolivia                                      66
       4.4.4   Brazil                                       67
       4.4.5   Colombia                                     68
       4.4.6   Ecuador                                      68
       4.4.7   El Salvador                                  69
       4.4.8   Guatemala                                    69
       4.4.9   Honduras                                     70
       4.4.10 Mexico                                        71
       4.4.11 Panama                                        72
       4.4.12 Peru                                          72
       4.4.13 Uruguay                                       73
    4.5      North America & the Caribbean                  73
       4.5.1   Anguilla                                     73
       4.5.2   Barbados                                     74
       4.5.3   Canada                                       75
       4.5.4   Dominica                                     76
       4.5.5   Jamaica                                      76
       4.5.6   St. Lucia                                    77
       4.5.7   the Bahamas                                  77
    4.6      Oceana                                         78
       4.6.1   Australia                                    78

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       4.6.2    New Zealand                                            79
    4.7      the Middle East                                           80
       4.7.1    Israel                                                 80
       4.7.2    Saudi Arabia                                           81
       4.7.3    Turkey                                                 82
       4.7.4    Yemen                                                  82
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS           83
    5.1     Disclaimers & Safe Harbor                                  83
    5.2     ICON Group Ltd. User Agreement Provisions                  84




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Iron or Steel Nails, Tacks, and Staples Excluding Staples in Strips for Office Use and Articles with Copper
Heads in the United States                                                                           8


1       INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on iron or steel nails, tacks, and
staples excluding staples in strips for office use and articles with copper heads in the United
States face a number of questions. Which countries are supplying iron or steel nails, tacks, and
staples excluding staples in strips for office use and articles with copper heads to the United
States? How important is the United States compared to others in terms of the entire global and
regional market? How much do the imports of iron or steel nails, tacks, and staples excluding
staples in strips for office use and articles with copper heads vary from one country of origin to
another in the United States? On the supply side, the United States also exports iron or steel
nails, tacks, and staples excluding staples in strips for office use and articles with copper heads.
Which countries receive the most exports from the United States? How are these exports
concentrated across buyers? What is the value of these exports and which countries are the
largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for iron or steel nails, tacks, and
staples excluding staples in strips for office use and articles with copper heads in the United
States. With the globalization of this market, managers can no longer be contented with a local
view. Nor can managers be contented with out-of-date statistics which appear several years after
the fact. I have developed a methodology, based on macroeconomic and trade models, to
estimate the market for iron or steel nails, tacks, and staples excluding staples in strips for office
use and articles with copper heads for those countries serving the United States via exports, or
supplying from the United States via imports. It does so for the current year based on a variety of
key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where the United States fits into the world
market for imported and exported iron or steel nails, tacks, and staples excluding staples in strips
for office use and articles with copper heads. The total level of imports and exports on a
worldwide basis, and those for the United States in particular, is estimated using a model which
aggregates across over 150 key country markets and projects these to the current year. From
there, each country represents a percent of the world market. This market is served from a
number of competitive countries of origin. Based on both demand- and supply-side dynamics,
market shares by country of origin are then calculated across each country market destination.
These shares lead to a volume of import and export values for each country and are aggregated to
regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of
both the value of each market and the share that the United States is likely to receive this year.
From these figures, rankings are calculated to allow managers to prioritize the United States
compared to other major country markets. In this way, all the figures provided in this report are
forecasts that can be combined with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of iron or steel nails,
tacks, and staples excluding staples in strips for office use and articles with copper heads, Chapter

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Iron or Steel Nails, Tacks, and Staples Excluding Staples in Strips for Office Use and Articles with Copper
Heads in the United States                                                                           9

3 goes into detail on imports, but for each major country of origin serving the United States. A
“major” market is defined as a country where the United States represents a substantially large
share of either imports or exports. For each major country exporting to the United States, one can
thus observe how important the United States is to that exporting country compared to other
countries of the world. Chapter 4 does the same, but for exports of iron or steel nails, tacks, and
staples excluding staples in strips for office use and articles with copper heads originating from
the United States, for each major country of destination. In doing so, one can discover the share
that the United States has in each major market; this share value is often used as a measure of
competitiveness for the United States. In all cases, the total dollar volume and percentage share
values by major trading partner are provided. Combined, Chapters 3 and 4 present a the total
picture for imports and exports of iron or steel nails, tacks, and staples excluding staples in strips
for office use and articles with copper heads to and from the United States to and from all other
major countries in the world. "Iron or Steel Nails, Tacks, and Staples Excluding Staples in Strips
for Office Use and Articles with Copper Heads" as a category is defined in this report following
the definition given by the United Nations Statistics Division Classification Registry using the
Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that
defined "iron or steel nails, tacks, and staples excluding staples in strips for office use and articles
with copper heads" is 6941 . For more information on this definition, please refer to the
following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=694 .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular tra
								
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