Home / Knowledge / News / Textiles / Taiwan's textile sector output to grow in 2012 - Report
Taiwan's textile sector output to grow in 2012 - Report
20
Feb '12
The output of Taiwan's textile industry is likely to surpass NT$ 500 billion (US$ 16.89 billion) this year, according to a report released by the Ministry of Economic Affair's Industry and Technology Intelligence Services program.

The report presented by Liu Yu-cheng, an analyst with the Taiwan Textile Research Institute, stated that the country's textile and allied industries valued at NT$ 498.3 billion in 2011, which is a 3.3 percent rise over the previous year's figures.

The report presented an analysis of various production segments within the textile industry. Fabric, man-made fibre and apparel segments contributed a 62.5 percent, 32.5 percent and 5 percent share, respectively.

As per the statistics, owing to sluggish economic revival, the European debt crisis and China's stringent monetary policy, the sector registered quarterly crashes during last year, Liu said.

Since 2008 economic slump, Taiwan's textile industry has been enduring waning demand on the back of rising redundancy rates and a rise in cotton prices between 2010 and 2011.

However, in spite of all adversities, the industry achieved a NT$ 12.7 billion in exports during 2011, which is the highest in last one decade, Liu said.

According to Liu's projections, the Lunar New Year holidays would cause the country's textile sector production value to drop during the first quarter of 2012, however, it would improve in the second quarter.

He said that growing at a rate of two to three percent, the sector's overall production value is likely to surpass the 2006's levels of NT$ 500 billion, this year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search