Taiwan’s Fastener Export Reached New High in 2018

According to the statistics of Taiwan Industrial Fasteners Institute (TIFI), Taiwan’s fastener export volume in 2018 was up to 1.68 million tons (up 5.25% from the same period of 2017) and the export value was US$ 4.846 billion in 2018 (up 12.75% from the same period in 2017). The average price per KG increased by 7.13% to US$ 2.884/KG. TIFI noted that the economic recovery in USA and Germany, the increase in the average price and stable material supply are all main reasons for Taiwan’s record-high fastener export in 2018. The top one fastener export destination of Taiwan in 2018 was USA, followed by Germany (showing around 2% growth from 2017). Up to 41.5% of Taiwan’s fasteners were exported to USA in 2018 (up 7.12% from 2017).