Taiwan's fastener industry ranks second in the world

With a turnover of USD 5.5 bn and a volume of 1.68 mio tonnes, Taiwan's fastener industry is the world's second largest by value and third largest by volume. The main customer country is China, where almost 36 per cent of exports go, with Germany in second place with a share of just under 9 per cent. It is followed by the USA with 5.5 per cent, Italy with 4.1 per cent and Japan with 3.3 per cent. Taiwan itself accounts for 15.3 per cent of production. These figures were revealed by the Taiwan External Trade Development Council (Taitra) ahead of the Taiwan International Fastener Show (Fastener Taiwan), which is scheduled to take place in Kaohsiung City in southern Taiwan from 3 to 5 May 2023.

The event was last held in 2018. At that time, 417 companies were represented with 1,110 booths. Nearly 2,200 overseas visitors attended the fair. Next year, Fastener Taiwan will be complemented by hybrid event elements.