Reports from the Taiwan Textile Federation have showed a deep insight of the textile market in Taiwan these days. A downslide in the market has been brought into being due to declining product prices.
The fall has resulted from a slight downtrend in unit product prices; in particular the price of artificial fibers was said by a local textile backing faction.
According to the TTF, exports of Taiwan-made textile products, including ready-to-wear garments and upstream fabrics, totaled US$5.81 billion in the six-month period, down 0.3 percent from a year earlier.
Exports for the first six months of 2014 fell slightly year-on-year.
The local textile sector registered a trade surplus of US$4.22 billion in the first half, down 1.4 percent from a year earlier. In June, Taiwan’s textile exports totaled US$982 million, down 1.4 percent from a year earlier.
As per the federation, last month, the local textile sector’s trade surplus fell 5.3 percent year-on-year to US$721 million.
Also, Taiwan’s textile imports rose by an annual 11 percent to US$261 million and about 2.9 percent to NT$1.59 billion in the first half of the year. With all these financial tribulations, Taiwan’s textile exports edge down in H1.
Circulose has entered a strategic partnership with Tangshan Sanyou Chemical Fiber, marking a major step toward the commercialization and scaling…
LebaTex has launched a new faux leather collection featuring over 100 unique colors and textures, including polyurethane, vinyl, and silicone…
Gabriela Hearst has introduced eco-friendly sneaker line, named "Ohio," made from 30% recycled materials, reflecting the brand’s commitment to sustainability.
Oysho, the sportswear and leisurewear brand, has collaborated with Fulgar to introduce a new eco-friendly activewear collection made with Q-Cycle…
Autoneum has developed E-Fiber flame shields for electric vehicles, which stand out for their high-temperature resistance, lightweight structure and durability.
McLaren has introduced a world-first innovation in supercar engineering, Automated Rapid Tape (ART) carbon fibre redefining performance while reducing waste.
