Reported 8 months ago
In recent years, affected by the economic downturn and low-price competition from the mainland, the export volume of screws has decreased significantly. However, signs of recovery appeared in the market this year, with total exports in May exceeding 110,000 tons, a monthly increase of over 10%. The export volume of wood screws saw the highest monthly increase at 27.92%. Despite the mainland's screw exports in the first five months of the year increasing by 12.6%, their prices dropped by 23%, indicating their continued competitive advantage with low prices. Last year, the screw industry faced challenges due to the global economic slump, with exports significantly reduced, making it a severe winter for the sector. With the gradual global economic recovery this year, sporadic orders have emerged for the screw industry, but apart from a few special screws, the industry still faces significant challenges.
Source: YAHOO