Taiwan's Fastener Export Shivers with 14% Slump for First Half 2020

     The coronavirus pandemic has triggered a decline in both Taiwan's fastener export volume and value for the first half of 2020. The volume reached merely 687.7 thousand tons, down 14% over the last same period; The export value only landed on USD 1.979 billion, down 14.69%, the lowest half-year performance since the financial crisis. What is in contrast and rare is that China's import of fasteners from Taiwan grew 10.2%. Mr. Tu-Chin Tsai, Chairman of Taiwan Industrial Fasteners Institute, says the orders redirected to Taiwan were the result of the increased demand in China and the sutdown of a portion of Chinese fastener production lines.

   

     The Institute's survey reveals the fastener export in June nearing 110 thousand tons, higher than that in this April or May, but still 17% lower than the export volume last June. The export unit price for June was USD 2.88 per kilogram, down 0.28% from last June. Chairman Tsai thinks that the large decrease in fastener export was mainly due to the continuous spread of the pandemic in Northern America, which is the largest export destination for Taiwan's fasteners. In the first half of 2020, the American market declined 10.9% while the export to Germany and the UK also showed a declne of 21.3% and 32% respectively. He forecasts that the fastener demand in China for reconstuction after the current great floods will incease exponentially and will boost the fastener export of many Taiwanese fastener companies.

台灣扣件外銷

螺絲公會

中國洪災

重建需求

Taiwan fastener export

TIFI

floods in China

increased demand for reconstruction

扣件

國際展會

惠達雜誌

匯達實業

外銷媒合

廣告刊登

螺絲五金

五金工具

紧固件

台灣扣件展

印度新德里螺絲展

越南河內螺絲展

墨西哥瓜達拉哈拉螺絲展

美國拉斯維加斯螺絲暨機械設備展

波蘭克拉科夫螺絲展

義大利米蘭螺絲展

德國司徒加特螺絲展

wire Dusseldorf

FASTENER FAIR INDIA

FASTENER FAIR VIETNAM

FASTENER FAIR MEXICO

FASTENER POLAND

FASTENER FAIR ITALY

FASTENER FAIR GLOBAL

FASTENER WORLD

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