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India Potentially the New Blue Ocean for Taiwan's Fastener Export
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2024-12-10
India is actively developing its automotive industry, leading to a significant increase in demand for automotive fasteners. Additionally, as India gradually urbanizes and industrializes, there is an anticipated construction of 100 smart cities, which will further boost the demand for infrastructure and buildings, including industrial fasteners.
According to statistics, the size of India's industrial fasteners market was USD 9.064 billion in 2022 and is projected to reach USD 17.868 billion by 2030, with an average annual growth rate of 7.9%. For Taiwanese manufacturers, exports of fasteners to India totaled only 9,016 tons in the first ten months of 2024, ranking seventeenth overall, indicating considerable potential for future growth.
However, Germany as Taiwan's second-largest export market for fasteners is expected to see unemployment rise to 3 million people in 2025. As Europe's economic powerhouse, Germany has not shown improvement in its economic conditions over recent years. Consequently, Taiwan's exports of fasteners to Germany have continued to decline, with approximately 87,000 tons exported in the first ten months of 2024 at a price of USD 3.42 per kilogram, a decrease of 13.19% year-on-year.
According to statistics, the size of India's industrial fasteners market was USD 9.064 billion in 2022 and is projected to reach USD 17.868 billion by 2030, with an average annual growth rate of 7.9%. For Taiwanese manufacturers, exports of fasteners to India totaled only 9,016 tons in the first ten months of 2024, ranking seventeenth overall, indicating considerable potential for future growth.
However, Germany as Taiwan's second-largest export market for fasteners is expected to see unemployment rise to 3 million people in 2025. As Europe's economic powerhouse, Germany has not shown improvement in its economic conditions over recent years. Consequently, Taiwan's exports of fasteners to Germany have continued to decline, with approximately 87,000 tons exported in the first ten months of 2024 at a price of USD 3.42 per kilogram, a decrease of 13.19% year-on-year.
台灣
螺絲
扣件出口
印度
新藍海
汽車
建築
工業
Taiwan
screw
fastener export
India
new blue ocean
automotive
construction
industrial
德國杜塞道夫線材展
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
緊固件
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
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FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
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