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Comparison of China's Fastener Exports in Jan-Jul 2023 with Taiwan
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2023-09-21
In the first seven months of 2023, China exported a total of approximately 2.56 million tons of fasteners to the world, a decrease of 6.05% from the same period of 2022, while Taiwan exported approximately 760,000 tons of fasteners to the world, a decrease of 25.13% from the same period of the previous year. The size of China's fastener exports is approximately 3.36 times larger than that of Taiwan. Compared with Taiwan's high reliance on the European and U.S. markets, only 30% of China's fasteners are exported to Europe and the U.S., and a large proportion of fasteners are exported to ASEAN/Japan/South Korea/India, as well as other regions outside of Europe and the U.S. In the first seven months of 2023, China's and Taiwan’s fastener exports to Europe, the U.S. and the UK both showed a decline, but China’s exports to ASEAN/Japan/South Korea/India showed a growth of about 3.5% from the same period of 2022.
In terms of export value, Taiwan exported about US$2.91 billion of fasteners to the world in the first 7 months of 2023, a decrease of nearly 25% compared to the same period in 2022. China, on the other hand, exported about US$6.4 billion of fasteners to the world, a decrease of about 11.54% from the same period last year. All of Taiwan’s and China's fastener exports to various markets in the world declined. In terms of average unit price, Taiwan's fastener exports to Europe and the U.S. landed at US$3.6-3.8 per kilogram, fastener exports to ASEAN and Japan, S. Korea and India were US$4.1-4.5 per kilogram, while China's fastener exports to the global market landed at US$2.2-3 per kilogram. In the first 7 months of 2023, the average unit price of Taiwan's fastener exports to the EU grew the most significantly to 5.51%, while the average unit price of China's fastener exports to the world appeared a drop of around 5-7.5% from the same period last year.
中國
台灣
扣件
出口值
出口額
平均單價
China
Taiwan
fastener
export value
export volume
unit price
