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Textile output likely to pick up in Q2
03
Jun '08
According to the estimate of Textile Program from the Industrial and Technology Intelligence Services (ITIS), Taiwanese textile industry output value reached about 115.88 billion Taiwan Yuan in the first quarter of 2008, representing a 4 percent increase over the same period last year. Of these, clothing and apparel industry showed a declining trend of more than 10 percent and average unit price also dropped about 4 percent.

The annual output of clothing industry has declined year by year since 2001, mainly due to production lines shifting abroad. In first quarter of this year, continuously affected by secondary mortgage crisis in the US, price rise in upstream raw materials and significant impact of NT appreciation, the output value for the first quarter registered 8.61 billion Taiwan Yuan, down 11.2 percent from the same time last year.

Industrial sources said that clothing prospects for this year should be worse than 2007, but second quarter may attract bigger orders and register slow recovery.

However, the appreciation potential of the yuan will continue to remain strong. Industry seems to be relatively non-competitive in taking orders and making offers. Besides, stock of raw materials stood high, shrinking the industrial profit space, further.

According to the estimates of ITIS, man-made fiber industry achieved an output value of 37.86 billion Taiwan Yuan in the first quarter, representing a growth of 2.4 percent over the same period last year. Meanwhile, spinning and weaving industry completed an output value of 69.41 billion Taiwan Yuan, up 7.3 percent.

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