India Continues to Show Strong Demand for Taiwanese Screw Forming Machines

According to relevant statistics, in Jan. and Feb. of 2018 Taiwanese machine tools were mainly exported to Indian customers (total export value to India: USD 26 million; YoY ratio: up to 98%), making India the biggest purchasing country of Taiwanese machine tools. The 2nd biggest purchasing country of Taiwanese machine tools was Italy (total export value to Italy: USD 17 million; YoY ratio: 45.1%). Some machinery suppliers said that the market for Taiwanese small screw forming machines in China has been nearly saturated and the amount China purchased from Taiwan is only half the amount India purchased from Taiwan. As a result, it is expected that India may become a dark horse in the fastener industry in a couple of years.