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Fastener Manufacturers Report Over NT$10 Billion Revenue as Fastener Orders Surge
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2022-01-26
Since 2021 Taiwanese fastener industry has felt the strongly growing demand for fasteners from U.S. and European clients. Although the lack of containers and port congestion remain unsolved, sales and unit prices of their exports still showed a significant growth. Last year, the entire export volume and value of Taiwanese fastener industry both reached a new high. According to the database of Taiwan Customs, Taiwan exported nearly 1.7 million tons of fasteners to the world (roughly up 18% from 2020); if calculated by value, it exported around US$5.55 bn worth of fasteners to the world (up around 34% from 2020).
Many leading export-oriented Taiwanese fastener companies (e.g., BBI, Boltun, Chun Yu, Tycoons, and so on) reported that their annual revenues were over NT$ 10 bn in 2021. Among these companies, BBI even achieved the record of over NT$20 bn. According to several leading fastener companies, due to the strong and growing demand for fasteners from automotive, construction, and many other industries in the U.S., Europe, and Asia, as well as fully booked capacities, and the expectation of a better situation regarding the port congestion issue in Q2 2022, the outlook for 2022 is very likely to turn really well.
扣件訂單旺
螺絲大廠
百億營收
high fastener demand
leading fastener brands
annual revenue of over NTD 10 bn
