IFST Welcome Party with Buoyant Atmosphere

2013-04-11

On April 11-13, 2013, the International Fastener Show Tainan Taiwan (IFST) will be successfully held at Commercial Exhibition Center Tainan. In the afternoon of April 10, the organizer invited buyers, exhibitors, and chairmen (including Taiwan Fastener Trading Association Chairman Jim C.N. Chen, Taiwan Fastener Association Chairman Ming-Yuan Chiang, Turkish Fastener Association Chairman Mustafa Tecdelioglu, Hong Kong Screw & Fastener Council Chairman Lin Zhi Ming, China Fastener Industry Association Chairman Feng Jingyao, European Fastener Distributors Association Chairman Dr. Volker Lederer, U.S. National Fastener Distributors Association Chairman Jay Queenin, and Italian Fastener Distributor Association Gian Marco Dalpane) to attend the party. Over 500 people enjoyed the party together. Luosi.com as a fastener media also flied to Taiwan and interacted with professionals onsite.



The party started at 17:00pm by Chairman Jim C.N. Chen of Taiwan Fastener Trading Association, and the following speeches were also given by the chairmen from every association. This party facilitated the understanding of everyone toward the fastener markets. Through the interaction and cooperation between exhibitors and buyers, it becomes easy to find proper partners for cooperation.

Overview of Taiwan Fastener Market
In 2012, the production value of Taiwan fastener industry reached NTD121.3 billion while the export value reached NTD112.8 billion, 4% down from the record in 2011. The import value was NTD4.6 billion, 2% increase from the record in 2011. The local market demand was NTD13.1 billion. As for the average export unit price, it was NTD81.6/kg. Although the car market and house market were both benefited by U.S. recovery in 2012, which also boosted the fastener export of Taiwan to the U.S., European debt crisis slashing on the core countries like Germany, UK, and France as well as the economic slowdown of China all led to the slight recession of Taiwan fastener export.

The Industrial R&D Division of MIRDC said, in 2013 though the impact brought by U.S. financial cliff may be gradually eliminated, and Europe is still undergoing the debt crisis, part of the economic indices have showed signs of stabilization. The new economic stimulus proposed by New Japanese Government is beneficial to its domestic growth. China also showed uprising GDP growth in Q4 2012, showing that the uncertain factors of the global economy are gradually eliminated. It is expected that the condition in 2013 will be better than that in 2012 and the global trade is also expected to be better than in 2012. IMF estimated that the global economic growth rate in 2013 will be 3.5% (1.4% growth rate for the advanced economies. The economic growth rate of China is 8.2%. It is estimated that the export value of Taiwan fastener in 2013 will be NTD115 billion, 2% up from 2012, and the production value will be NTD123.7 billion.