Industry Focus

Comparison ofChina's Fastener Exports
in Jan-Jul 2023 withTaiwan
2023年1-7月中國與台灣扣件出口比較
Asia has always been the main base for global production and export of fasteners. Millions of tons of fastener products are exported every
year to meet the different needs of global industrial customers, especially China and Taiwan both play an irreplaceable role as the two pillarsof the supply chain in this region.
China itself has a huge domestic and export market for fasteners, and the technology and quality of its products are striving to keep pacewith the market. In addition to the price advantage of standard parts over other emerging countries, it has also made a lot of progress in recentyears in the OEM and R&D of non-standard customized fasteners. Although China's exports of fasteners to the U.S. market is still affected by
the trade barriers and trade data are fluctuating, Chinese manufacturers are accelerating steps to ASEAN and other emerging markets to set
up production bases, in order to find a way for sustainable corporate development on the basis of risk diversification and explore the potentialmarket opportunities.
The development of Taiwan fastener industry is relatively earlier than those of other latecomers, so it boasts more outstanding productquality, technology, service and industry supply chain integration. The high efficiency created by a complete and centralized fastenerproduction cluster is also rare in the world. The high price/performance ratio also allows many European and American customers to continue
to choose Taiwan as their long-term OEM and product development partner in the global supply chain. In addition, Taiwan's exports to Europe
and the U.S. are not affected by anti-dumping or circumvention duties, making it the first choice for many important import distributors toconsider cooperation.
However, the current global situation is affected by many external factors, which have weakened the production capacity of someindustries and indirectly lowered the demand for fastening products in certain regions due to market contraction. The export data in the firstseven months of 2023 of the two major fastener manufacturing regions (China and Taiwan) also seem to appear similar signs.

China Fastener World no.69/2023

1. Fastener Exports of China and Taiwan in Jan-Jul 2023
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 thesame 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 firstseven 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 toASEAN/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 seven months of 2023, a decreaseof nearly 25% compared with the same period in 2022. China, on the other hand, exported about US$6.4 billion of fasteners to the world, adecrease of about 11.54% from the same period last year. Both Taiwan and China experienced declines in their total fastener exports to various
global markets.

076 惠達雜誌Industry Focus
Trade Weight in KG
TaiwanChina
Same Period
Comparison(2023/2022)

Same Period
Comparison(2023/2022)% of Total

2,727,119,590-6.05%

100.00%360,813,042

497,549,992-27.48%14.08%

32.41%

432,663,072

543,525,653-20.40%16.89%-21.22%

8.37%

628,920,104

608,154,602

3.41%

24.55%-22.96%14.16% 1,139,764,158

1,077,889,343

5.74%

44.48%

Jan-Jul 2023

Jan-Jul 2022

% of Total

Jan-Jul 2023

Jan-Jul 2022

Global

761,109,386

1,016,508,488-25.13%100.00% 2,562,160,376

USA

342,979,689

465,396,219-26.30%45.06%

EU 27 States+UK

246,696,993

330,406,930-25.34%ASEAN+Japan/S.
Korea/India

63,688,037

80,844,184

Other Regions

107,744,667

139,861,155

Trade Value in USD
TaiwanChina

Jan-Jul 2023

Jan-Jul 2022

Global

2,912,584,000

3,872,369,000

USA

1,266,258,000

EU 27 States+UK
ASEAN+Japan/S.
Korea/India
Other Regions

Same Period
Comparison(2023/2022)

Same Period
Comparison(2023/2022)

Jan-Jul 2023

Jan-Jul 2022

-24.79%6,399,727,243

7,234,283,941-11.54%

1,754,645,000-27.83%799,850,391

1,183,825,949-32.44%

919,315,000

1,167,008,000-21.22%

1,083,647,062

1,440,765,485-24.79%277,226,000

361,046,000-23.22%

1,872,122,258

1,913,493,533-2.16%

449,785,000

589,670,000-23.72%2,644,107,532

2,696,198,974-1.93%

Unit Price in USD
TaiwanJan-Jul 2023

China

Jan-Jul 2022

Same PeriodComparison(2023/2022)

Jan-Jul 2023

Jan-Jul 2022

Same PeriodComparison(2023/2022)

Global

3.83

3.81

0.45%

2.50

2.65

-5.84%

USA

3.69

3.77

-2.08%

2.22

2.38-6.83%

EU 27 States+UK

3.73

3.53

5.51%

2.50

2.65

-5.51%

ASEAN+Japan/S.
Korea/India

4.35

4.47

-2.53%

2.98

3.15-5.39%

Other Regions

4.17

4.22

-0.99%

2.32

2.50-7.26%In terms of average unit price, Taiwan's fastener exports to Europe and the U.S. were priced at US$3.6-3.8 per kilogram, exports toASEAN/Japan/S. Korea and India at US$4.1-4.5 per kilogram, and China's exports to the world at US$2.2-3 per kilogram. In the first sevenmonths of 2023, the growth in average unit price for Taiwan's fastener exports to the EU was the most significant at 5.51%, while China'sfastener exports to the world during the same period saw a decline of 5-7.5% in average unit price.

In terms of export data, wood screws, self-tapping screws, bolts, nuts and iron & steel nails are the main fastener export items from Chinaand Taiwan. During the period of January - July 2023, China and Taiwan both show different levels of changes in fastener export weight,value and average unit price according to different items and different regions. On the whole, the weight, value and average unit price of all
fasteners exported from China and Taiwan were generally on a downward trend when compared to the whole year, but there were still someoutstanding counter-trend growth in certain market regions. The following is a comprehensive analysis by product category, weight, value,
unit price and market region (see Tables a-e below).
In the first seven months of 2023, China's export weight of wood screws to the U.S. (+9.59%), export weight of self-tapping
screws to the 10 ASEAN countries/Japan/S.Korea/India (+1.58%), export weight of bolts to the 10 ASEAN countries/Japan/S.
Korea/India (+5.01%), the unit price of nuts to the 10 ASEAN countries/Japan/S. Korea/India (+0.45%), and the unit price of iron& steel nails to the EU including the UK( +0.35%) still maintained a growing trend compared with the same period of the previous
year. It is worth noting that while the U.S. still imposes high tariffs on certain steel and aluminum products from China, the weightof wood screws exported from China to the U.S. increased rather than decreased.
惠達雜誌077

China Fastener World no.69/2023

2. Comparison of Major Exported Fastener Items of China and Taiwan

Industry Focus
a. Wood Screw Exports of China and Taiwan in Jan-Jul 2023
Trade Weight in KG
TaiwanJan-Jul 2023

Jan-Jul 2022

China
Same PeriodComparison(2023/2022)% of Total

Jan-Jul 2023

Jan-Jul 2022

Same Period
Comparison(2023/2022)% of Total

Global

65,948,542

76,740,976-14.06%100.00%51,141,587

58,709,257-12.89%100.00%USA

29,539,270

22,048,158

33.98%

44.79%

12,203,572

11,135,316

9.59%

23.86%

EU 27 States+UK

27,440,211

39,708,323-30.90%41.61%

9,688,726

17,492,666-44.61%18.94%

ASEAN+Japan/S.
Korea/India

1,331,458

1,713,858-22.31%

2.02%

6,207,010

6,327,347-1.90%

12.14%

Other Regions

7,637,603

13,270,637-42.45%

11.58%

23,042,279

23,753,928-3.00%

45.06%

Trade Value in USD
TaiwanJan-Jul 2023

China
Same Period
Comparison(2023/2022)

Jan-Jul 2022

Jan-Jul 2023

Same Period
Comparison(2023/2022)

Jan-Jul 2022

Global

199,841,000

238,170,000-16.09%86,943,023

121,329,116-28.34%

USA

84,409,000

70,603,000

19.55%

18,968,265

19,205,294-1.23%

EU 27 States+UK

88,194,000

120,818,000-27.00%17,660,849

36,089,403-51.06%ASEAN+Japan/S.
Korea/India

4,437,000

6,038,000-26.52%

11,877,574

13,933,577-14.76%

Other Regions

22,801,000

40,711,000-43.99%38,436,335

52,100,842-26.23%

Unit Price in USD
TaiwanJan-Jul 2023

China
Same Period
Comparison(2023/2022)

Jan-Jul 2022

Jan-Jul 2023

Same Period
Comparison(2023/2022)

Jan-Jul 2022

Global3.03

3.10-2.36%

1.70

2.07-17.74%

USA

2.86

3.20

-10.76%

1.55

1.72

-9.88%

EU 27 States+UK

3.21

3.04

5.63%

1.82

2.06

-11.65%ASEAN+Japan/S.
Korea/India

3.33

3.52

-5.41%

1.91

2.20-13.10%

Other Regions

2.99

3.07

-2.69%

1.67

2.19-23.95%Same Period
Comparison(2023/2022)% of Total

b. Self-Tapping Screw Exports of China and Taiwan in Jan-Jul 2023
Trade Weight in KG

China Fastener World no.69/2023

TaiwanChina
Same Period
Comparison(2023/2022)% of Total

Jan-Jul 2023

Jan-Jul 2022

Jan-Jul 2023

Jan-Jul 2022

Global130,929,024

181,308,466-27.79%100.00%244,231,189

278,005,463-12.15%100.00%USA

51,548,333

78,453,850-34.29%39.37%

13,030,734

17,284,627-24.61%

5.34%

EU 27 States+UK

42,928,180

60,994,770-29.62%32.79%

28,202,775

35,035,899-19.50%11.55%

ASEAN+Japan/S.
Korea/India

12,039,286

14,460,324-16.74%9.20%

64,137,238

63,141,260

1.58%

26.26%

Other Regions

24,413,225

27,399,522-10.90%18.65%

138,860,442

162,543,677-14.57%56.86%

078 惠達雜誌Industry Focus
On the same timeline (January-July 2023), Taiwan’s export weight of wood screws to the U.S. (+33.98%), export value of woodscrews to the U.S. (+19.55%), the unit price of wood screws exported to the EU including the UK (+5.63%), the unit price of selftapping screws exported to the EU including the UK (+12.11%), the unit price of bolts exported to the EU including the UK (+6.05%),
the unit price of bolts exported to ASEAN/Japan/S. Korea/India (+0.81%), the unit price of nuts exported to the U.S. (+1.81%), andTrade Value in USD
TaiwanJan-Jul 2023

China
Same Period
Comparison(2023/2022)

Jan-Jul 2022

Jan-Jul 2023

Same Period
Comparison(2023/2022)

Jan-Jul 2022

Global458,436,000

622,152,000-26.31%

571,488,064

732,566,640-21.99%USA

181,073,000

276,991,000-34.63%40,557,836

62,542,932-35.15%

EU 27 States+UK

157,839,000

200,038,000-21.10%60,598,734

88,186,090-31.28%ASEAN+Japan/S.
Korea/India

36,620,000

48,344,000-24.25%

185,278,882

212,021,362-12.61%Other Regions

82,904,000

96,779,000-14.34%

285,052,612

369,816,256-22.92%

Unit Price in USD
TaiwanJan-Jul 2023

China
Same Period
Comparison(2023/2022)

Jan-Jul 2022

Jan-Jul 2023

Same Period
Comparison(2023/2022)

Jan-Jul 2022

Global

3.50

3.43

2.04%

2.34

2.64

-11.20%

USA

3.51

3.53

-0.51%

3.11

3.62-13.98%EU 27 States+UK

3.68

3.28

12.11%

2.15

2.52-14.63%ASEAN+Japan/S.
Korea/India

3.04

3.34

-9.02%

2.893.36-13.97%

Other Regions

3.40

3.53

-3.86%

2.05

2.28-9.77%

c. Bolt Exports of China and Taiwan in Jan-Jul 2023
Trade Weight in KG
TaiwanChina
Same Period
Comparison(2023/2022)% of Total

Jan-Jul 2023

Jan-Jul 2022

512,582,884-26.83%100.00%713,611,700

175,671,106

240,674,571-27.01%46.84%

EU 27 States+UK

117,048,119

164,025,335-28.64%ASEAN+Japan/S.
Korea/India

35,701,529

45,647,173

Other Regions

46,638,828

62,235,805

Jan-Jul 2023

Jan-Jul 2022

Global

375,059,582

USASame Period
Comparison(2023/2022)% of Total

727,274,273-1.88%

100.00%98,984,307

136,030,404-27.23%13.87%

31.21%

111,813,952

127,052,020-11.99%15.67%-21.79%9.52%

192,654,018

183,464,781

5.01%

27.00%-25.06%12.44%

310,159,423

280,727,068

10.48%

43.46%

Trade Value in USD
China Fastener World no.69/2023

TaiwanJan-Jul 2023

Jan-Jul 2022

Global

1,399,183,000

1,877,909,000USA

624,558,000

EU 27 States+UK

China
Same Period
Comparison(2023/2022)

Same Period
Comparison(2023/2022)

Jan-Jul 2023

Jan-Jul 2022

-25.49%1,915,485,241

2,047,310,435-6.44%

861,999,000-27.55%

214,582,624

306,064,132-29.89%436,369,000

576,643,000-24.33%312,082,821

385,278,972-19.00%ASEAN+Japan/S.
Korea/India

139,709,000

177,198,000-21.16%614,933,394

615,274,698-0.06%

Other Regions

198,547,000

262,069,000-24.24%

773,886,402

740,692,633

4.48%

080 惠達雜誌Industry Focus
the unit price of iron & steel nails exported to ASEAN/Japan/S. Korea/India (+3.30%) all stayed on the growth curve. Taiwan's
export of wood screws to the U.S. has grown significantly, but in another major market, the EU, has shown a significant decline.
According to Taiwan CSC’s latest Q4 price adjustments on Sep. 14, low carbon/medium-high carbon/cold forged/low alloy wirerods were raised by NT$1,000 per metric ton (around US$31.25).

Unit Price in USD
TaiwanJan-Jul 2023

China
Same Period
Comparison(2023/2022)

Jan-Jul 2022

Jan-Jul 2023

Same Period
Comparison(2023/2022)

Jan-Jul 2022

Global

3.73

3.66

1.83%

2.68

2.82

-4.65%

USA

3.56

3.58

-0.74%

2.17

2.25-3.65%

EU 27 States+UK

3.73

3.52

6.05%

2.79

3.03

-7.96%

ASEAN+Japan/S.
Korea/India

3.91

3.88

0.81%

3.19

3.35

-4.82%

Other Regions

4.26

4.21

1.10%

2.50

2.64

-5.43%

d. Nut Exports of China and Taiwan in Jan-Jul 2023
Trade Weight in KG
TaiwanChina
Same Period
Comparison(2023/2022)% of Total

Jan-Jul 2023

Jan-Jul 2022

167,977,584-21.34%100.00%366,696,139

52,637,381

76,916,990-31.57%39.84%

EU 27 States+UK

49,891,683

54,507,326-8.47%

ASEAN+Japan/S.
Korea/India

9,414,136

12,473,277

Other Regions

20,180,159

24,079,991

Jan-Jul 2023

Jan-Jul 2022

Global132,123,359

USA

Same Period
Comparison(2023/2022)% of Total

428,375,035-14.40%100.00%61,924,502

95,241,247-34.98%16.89%

37.76%

89,443,502

125,794,371-28.90%24.39%-24.53%

7.13%

85,962,855

87,710,075-1.99%

23.44%-16.20%15.27%

129,365,280

119,629,342

8.14%

35.28%

Trade Value in USD
TaiwanJan-Jul 2023

China

Jan-Jul 2022

Same Period
Comparison(2023/2022)

Jan-Jul 2023

Jan-Jul 2022

Same Period
Comparison(2023/2022)

Global549,476,000710,959,000-22.71%

988,080,528

1,163,814,964-15.10%USA

226,060,000

324,460,000-30.33%

158,367,874

245,234,655-35.42%

EU 27 States+UK

177,652,000

196,787,000-9.72%

221,198,828

317,697,092-30.37%ASEAN+Japan/S.
Korea/India

53,873,000

74,273,000-27.47%

281,555,257

285,980,551-1.55%

Other Regions

91,891,000

115,439,000-20.40%326,958,569

314,902,666

3.83%

Unit Price in USD
China Fastener World no.69/2023

TaiwanJan-Jul 2023

ChinaJan-Jul 2022

Same PeriodComparison(2023/2022)

Jan-Jul 2023Jan-Jul 2022

Same Period
Comparison(2023/2022)

Global4.16

4.23-1.74%

2.69

2.72-0.82%

USA

4.29

4.22

1.81%

2.56

2.57

-0.68%

EU 27 States+UK

3.56

3.61

-1.37%

2.47

2.53-2.08%

ASEAN+Japan/S.
Korea/India

5.72

5.95

-3.90%

3.28

3.26

0.45%

Other Regions

4.55

4.79

-5.02%

2.53

2.63-3.99%

082 惠達雜誌Industry Focus
e. Iron & Steel Nail Exports of China and Taiwan in Jan-Jul 2023
Trade Weight in KG
TaiwanJan-Jul 2023

Jan-Jul 2022

China
Same Period
Comparison(2023/2022)% of Total

Jan-Jul 2023

Jan-Jul 2022

Same Period
Comparison(2023/2022)% of Total

Global

22,560,215

29,966,336-24.71%100.00%618,642,287

645,341,803-4.14%

100.00%USA

18,283,773

24,494,173-25.35%81.04%

114,709,403

145,405,546-21.11%18.54%

EU 27 States+UK

943,801

1,175,679-19.72%

4.18%

54,847,392

74,184,949-26.07%

8.87%

ASEAN+Japan/S.
Korea/India

637,594

828,798-23.07%2.83%

143,357,277

148,840,774-3.68%

23.17%

Other Regions

2,695,047

3,467,686-22.28%11.95%

305,728,215

276,910,534

10.41%

49.42%

Trade Value in USD
TaiwanJan-Jul 2023

China

Jan-Jul 2022

Same Period
Comparison(2023/2022)

Jan-Jul 2023

Jan-Jul 2022

Same Period
Comparison(2023/2022)

Global

43,768,000

63,135,000-30.68%1,065,891,727

1,253,859,788-14.99%USA

30,942,000

46,040,000-32.79%141,310,626

216,941,522-34.86%

EU 27 States+UK

3,505,000

4,519,000-22.44%

99,236,157

133,751,091-25.81%

ASEAN+Japan/S.
Korea/India

2,806,000

3,531,000-20.53%

256,974,427

305,300,920-15.83%

Other Regions

6,515,000

9,045,000-27.97%568,370,517

597,866,255-4.93%

Unit Price in USD
TaiwanJan-Jul 2023

China

Jan-Jul 2022

Same Period
Comparison(2023/2022)

Jan-Jul 2022

Same Period
Comparison(2023/2022)

Global1.94

2.11-7.92%

1.72

1.94-11.32%

USA

1.69

1.88

-9.97%

1.23

1.49-17.43%

EU 27 States+UK

3.71

3.84

-3.38%

1.81

1.80

0.35%

ASEAN+Japan/S.
Korea/India

4.40

4.26

3.30%

1.79

2.05

-12.61%Other Regions

2.42

2.61

-7.32%

1.86

2.16-13.89%Conclusion

China Fastener World no.69/2023

Jan-Jul 2023

The current weaker-than-expected export performance of major
fastener items from China and Taiwan may be related to the overall
poor global environment and the tightening of purchasing capacity
by international buyers whose inventories are still at a high level.
However, the scenario of hundreds of Chinese exhibitors actively
participating in many recent international exhibitions shows thatmany Chinese manufacturers are still optimistic about the future
development of export and sales, and through practical actions (suchas setting up factories or recruiting regional agents) they continue
to expand their export share in many markets (EU, UK, ASEAN,Japan, S. Korea, and India, etc.) which do not impose anti-dumping
and countervailing duties against China in order to capture moreorders.
Article by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
Copyright owned by Fastener World 著作權所有：惠達雜誌084 惠達雜誌