Home / Knowledge / News / Textiles / Taiwanese textile sector overcomes global economic woes
Taiwanese textile sector overcomes global economic woes
24
Nov '11
The Taiwan textile industry has not been impacted much from the economic troubles in western markets in the third quarter of the current year, data from Ministry of Economic Affairs reveals.

Total output value of Taiwan textile industry reached NT $122.6 billion in the third quarter, down by just 1 percent. The annual output value is estimated to touch NT $506 billion, up 4.9 percent.

Of the output value in the third quarter, output value of man-made fiber industry was NT $39.1 billion, up 2.2 percent year-on-year, accounting for 32 percent of total output value of the entire textile industry.

Output value of the spinning, weaving and fabric processing sectors touched NT $75.3 billion, down 2.9 percent year-on-year and accounting for 61 percent of total output value of the entire textile industry.

Output value of clothing and accessories industry was NT $8.1 billion, an increase of 1.8 percent year-on-year, accounting for 7 percent of total output value.

Explaining the reasons, Li Xin Hong of Taiwan Textile Office said, “Taiwan textile industry did not sharply decline upon concerns of international economy, but over the same period, output value of man-made fibres textile industry fell 6 percent from the previous quarter”.

He attributed this to slow recovery of the global economy and softening prices of raw materials.

He added, “Garment industry realized an outstanding performance in the third quarter. The main reasons are that wage costs in mainland China continued to rise, gradually reducing its cost competitiveness.

“In the same period, consumer demand for mid-priced clothing grew, which prompted retailers like Uniqlo and Zara to shift their orders to manufacturers in Taiwan who have the ability to produce clothing at cost-effective prices”.

Li Xin Hong pointed out that the annual output value of Taiwan textile industry is estimated to reach NT $506 billion in 2011, an annual increase of 4.9 percent.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search