According to Taiwan ITIS, although the output value of textile industry in 2009 was only 37.48 billion new Taiwan Dollars, down 16.1% compared to 2008, the output value in this year is expected to reach 450 billion with the growth of 20.1%.
With the gradual recovery of world economy, the FTA will make more agreements with trade partners. As a result, the output value of textile industry will keep rising. The output value in the first half year is 23.06 billion and the output value in 2010 is expected to be 450 billion.
The output value of rayon in this year is expected to be 74 billion, increasing 54.1% compared to the period in 2009. It also takes 32% in the output value of textile industry.
The output value of garments is 11.6 billion, declining 4.4% compared to 2009, which accounts 5% of the output value of textile industry.
ITIS says that the growth rate of rayon in second quarter is lower than that in first quarter but the value in second quarter is higher than that in first quarter. What's more, textile industry in second quarter performs especially well in second quarter with a high growth of output value.
ITIS also advises that Taiwan textile industry should be well aware of its advantages and strengthen its research and development so as to keep its status in global textile market.
