Taiwanese apparel exports to increase in 1st half of 2021: TexPro

The drop was not as significant as compared to the downfall in other major countries due to the efficient policies introduced by the government and industry stakeholders.

Taiwan is one of the major exporters of technical textiles across the world. The manufacturers use technologically advanced machineries and equipment in their textiles and apparel plants. With new innovations, Taiwanese textiles industry is a major supplier for the world’s sportwear industry.

Accessories, socks, trousers/shorts, and shirts/t-shirts accounted for 40.82 per cent, 16.34 per cent, 7.12 per cent and 8.17 per cent in 2019, and 38.69 per cent, 14.55 per cent, 7.17 per cent and 6.93 per cent in 2020, respectively. These items collectively account for more than 65 per cent of total apparel exports of the country, according to Fibre2Fashion’s market analysis tool TexPro.

Taiwan’s exports of accessories declined in 2020 by 18.55 per cent. But they are expected to increase significantly by 33.97 per cent to a monthly average of $15.73 million during January 2021 to July 2021 from a monthly average of $11.74 million in 2020. Exports of socks and jerseys are expected to decrease in 2021. On the other hand, exports of trousers/shorts and shirts/t-shirts are expected to rise in the coming months.

China, the US, Vietnam, Indonesia and Hong Kong are the major export destinations, accounting for more than 60 per cent of Taiwan’s total apparel exports.

Fibre2Fashion News Desk (KD)