Australia Reports Strong GDP for 27 Consecutive Years. Taiwan Fastener Export to Australia is Expected to Grow

Taiwan has reported the increased average price and volume in the fastener export to Australia for the 2nd consecutive year. In the first 2 months of 2019, Taiwan exported 3,720 tons of fasteners to Australia, up 3.53% from the same period last year, while the average price was 3.41 USD/KG, up 3.35% from the same period last year. In 2018, Taiwan exported 23,573 tons of fasteners to Australia, up 18.32% from the figure recorded in 2017, making Australia a country that shows the 3rd highest increase in fastener import from Taiwan. Although the economy of Australia has been slowing down recently, the Government’s move to push infrastructure is still expected to boost the fastener demand on the market.