Taiwanese textile and apparel companies should build their personalized brands to penetrate in the emerging Asian markets and thereby retain their competitiveness, experts have said.
They said the majority of the producers in Taiwan, especially those of finished apparel, have the potential to evolve with their personalized brands and suggested that they should work on the same.
They also recommended that Taiwan should persist with its efforts aimed at bolstering growth of its competitive products like viable and eco-friendly textiles, so as to retain its competitive edge.
Currently, the Taiwanese apparel producers are benefiting due to the rising cost of labour in China and orders flowing from side of global brands like ZARA and Uniqlo, which have recently laid their footprints in Taiwanese retail segment.
According to the projections made by the Institute of Textiles and Industrial Sciences (ITIS), output of Taiwan's textile sector is expected to grow at a year-on-year rate of 4.9 percent to NT$ 506 billion during the current year.
The textile sector's output for the third quarter of 2011 is expected to be around NT$ 122.6 billion or US$ 4.04 billion, which is one percent below the production during the corresponding period of last year.
Output of the apparel segment hiked by 38 percent during July-September period compared to corresponding period last year. However, this was balanced to some extent by a six percent drop in the production value of synthetic fibres owing to meagre demand.
Fibre2fashion News Desk - India
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