2020-09-08

2021 Taiwan Fasteners Show

Slated for its sixth edition on Oct. 14 to 16, the Taiwan International Show (Fastener Taiwan) is now postponed to Sept. 2021 after careful consideration between the organizers Ministry of Economic Affairs Bureau of Foreign Trade, and implementers, Taiwan External Trade Development Council (TAITRA), and Taiwan Industrial Fasteners Institute (TIFI). This decision was made in consideration of COVID-19 concerns, and uncertain factors including travel restrictions that could block overseas exhibitors, international buyers, and media from traveling to Taiwan as scheduled.

Taiwan's fasteners industry is an export-reliant industry. According to Taiwan's Customs Administration, export and import data show that the export value of Taiwanese screws and nuts (HS CODE 7318) from January to June 2020 was nearly US$1,898 billion, a 14.6% decrease from the previous year, while export volume was only at 658,900 metric tons, a 14.1% decrease from 2019 as well. Both figures indicate that the COVID-19 pandemic, and the U.S.-China Trade War of last year have heavily impacted Taiwan's fasteners industry, circumstances that led to a conservative global manufacturing outlook.