Australian Currency Depreciating to a 2-Year Low Taiwan Fastener Sales to the Australian Market on a Watch List

Following the price and volume rise of Taiwan fastener export to Australia last year, the margin of the rise has grown larger this year, totaling over 13,000 tons in the first 7 months of 2018, marking a two-digit growth over the previous period. The rise was seen in the export price as well. Judging from the condition, the full-year sales to Australia is likely to grow.
 
We have seen Taiwan fastener export to Australia performed well since the start of this year, where the export volume in July reached 2042 tons, up 7.06%, and the average price was USD 2.673/kg, up 4.31%. The first 7 months of 2018 showed Taiwan exported a total of 13,029 tons of fasteners to Australia, a significant growth of 15.58%, and the average price was USD 3.459/kg, up 3.05%.
 
Recently the Australian currency depreciated to a two-year low. According to the latest statistics of the National Australia Bank, the Australian market grew in August, but the Business Sentiment Index dropped. Therefore it should be necessary to see what unfolds for the future of Taiwan fastener export to Australia.