Home / Knowledge / News / Textiles / Textile output likely to pick up in Q2
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.


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Eamonn Tighe
Nature Works LLC

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X