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Taiwan Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Sep. 2, 2009 - 42 Pages Table of Contents
AbstractTaiwan’s textiles and clothing (T&C) industry is in the world’s top 10 by size. Although detailedstatistics on the manufacturing value added by the sector are not available on an internationallycomparable basis, the island’s total exports of US$10.97bn in 2007 give a sense of its importance. Whilemuch of garment manufacturing has been migrating to mainland China in pursuit of more competitivelabour costs, Taiwan has developed a strong competitive position in man-made fibres and, going forward,BMI sees the industry specialising in functional textiles and other niche markets. That said, 2009-2010will see falling profits, plant closures and restructuring as the impact of the global economic slowdownruns its course. Coming out the other side - from 2011 onwards - we see Taiwanese companies operatingincreasingly in an integrated fashion on the island and on mainland China. We expect physical productionof T&C in Taiwan to remain on a downward trend, but the profitability of Taiwan-based companiesshould recover significantly.We estimate that overall production in Taiwan’s T&C sector will have one of its worst years in 2009,with 2010 also proving to be tough. In terms of the physical volume of production, we see man-madefibres spun yarn falling by 15% in 2009 (suffering a squeeze between rising input prices and still-sluggishdemand), cotton fabrics down by 10%, polyester yarn fabric down 10% and non-woven fabrics down11%. The following year will see the beginning of recovery in output, although cotton fabric is likely tocontract again. Overall export performance for both textiles and clothing will fall by 17.1% to US$8.46bnin 2009, recovering slightly to US$8.69bn in 2010. The recovery will gather pace in 2011. Aftercontracting by an average of 2.1% in the five years through to 2008, we see exports strengthening to 1.5%annual growth in the five years through to 2013. Get Full Details About This Report >> |
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