2022 Taiwan Hardware Show
Taiwan Quality Favored by Overseas Buyers
This 3-day show closed with a success on October 21. It was concurrently held with International Metal Technology Taiwan to attract foot traffic and orders from both shows.
From all the visitors and buyers visiting Fastener World’s booth during the show, we saw they highly favored Taiwan’s product quality and value. One of the overseas buyers asked us for 5 top-performing Taiwanese screw and bolt companies. An American buyer turned to us for Taiwan-made collated nails. We also had an unexpected guest — a U.S.-headquartered game console maker stating that they were looking for Taiwan-made game console fasteners because they only purchase Taiwanese fasteners. Furthermore, furniture and bike fasteners as well as hardware tools were the other products in demand.
According to our observation, the demand for hand tools such as manual, electric and pneumatic tools accounted for about 40% of the show's procurement demand, the demand for fasteners such as screws, bolts and nuts also accounted for 10%, and the demand for general hardware parts products was nearly 10%.
Taiwan's hand tool export grew 27% last year, reaching a scale of nearly US$ 4.8 billion. Also, a renowned hand tool manufacturer has been listed on the Emerging Taiwan Stock Exchange since early October. These developments show that Taiwan's hand tool manufacturers are among the front-runners in the international market in terms of R&D and supply capacity. The next edition of Taiwan Hardware Show will be launched again from October 19 to 21, 2023.