Taiwan's overall textile output value will reach 500 billion yuan this year

According to data from the Statistics Department of the Ministry of Economic Affairs of Taiwan, the output value of the overall textile industry last year was 482 billion yuan, and the annual growth rate was 28.6%. The annual growth rate of the output value of the human fiber industry was 36.63% due to the substitution effect of the increase in cotton prices. ITIS estimates that the textile industry's output value will reach 500 billion yuan this year, with an annual growth rate of 3.73%.

Thanks to the increase in product prices and the increase in market demand, the sales volume of Taiwan's textile industry increased significantly over the same period of last year. According to statistics from the Statistics Department of the Ministry of Economic Affairs, the output value of the textile industry in 2010 was 482 billion yuan, which was higher than the same period in 2009. 28.6%, Textile Institute ITIS estimates that this year's textile industry's output value can reach 500 billion yuan, will grow 3.73% over last year.

According to the ITIS plan of the Taiwan Textile Institute, the textile industry was the largest in terms of output value last year, amounting to 312 billion yuan, accounting for 62.66% of the total value of the textile industry, followed by 153 billion yuan for the human fiber industry, with a proportion of 31.74%. The output value of apparel was the smallest, amounting to only 27 billion yuan, with a share of 5.6%. Looking at the growth rate, the annual growth rate of the output value of the human fiber industry was 36.63%, which was much higher than that of the textile industry, due to the substitution effect of soaring cotton prices. 26.86% and 9.1% increase in garment and apparel industry.

Affected by the appreciation of the NT exchange rate, the output value of the clothing and apparel industry in the fourth quarter of last year was 8.65% lower than that of the previous quarter, and the output value in the single quarter was 7.276 billion yuan. However, the output value of the human fiber and textile industry was increased due to the increase in product prices. The output value reached 406.65 respectively. Billion yuan and 79,132 million yuan, the quarterly growth rate was 6.17% and 1.99%, respectively, and this trend continued into the first quarter of this year. The ITIS plan of the Taiwan Textile Institute estimated that the first quarter textile industry output value will reach approximately RMB 110.5 billion. The rate of increase was 3.56%. Among them, the clothing and apparel industry also increased the selling price due to the reaction cost, and the annual growth rate of its output value went from negative to positive, growing by 12.46% and amounting to RMB 65 billion.

Looking ahead to 2011, the ITIS plan of the Taiwan Textile Institute believes that the growth rate of the total output value of the textile industry will slow down, and the estimated amount will reach 500 billion yuan, with an annual growth rate of 3.73%. The textile industry in Taiwan is actively transforming and developing industrial textiles and functionalities. Textiles are expected to reach an industrial target of 580 billion yuan in 2015.