Taiwan's textile trade in export and import fell 0.91 percent to $3.32 billion in first quarter, 2006 compared with the same period last year, informed Industrial Economics & Knowledge-Industrial Technology Information Services (IEK-ITIS) under the government-sponsored Industrial Technology Research Institute (ITRI).
Textile exports and imports fell 1.62 percent to $2.67 billion and 4.5 percent to $ 650 million respectively from January to March 2006, compared to period in consideration last year.
This downfall of trade resulted only because of rising low-cost textile supply from China.
Middle and lower level manufacturers have to shift their production facilities in cost effective areas where raw material supply and labor are easily available.
Textile industry' production value of the country will touch NT$447.9 billion in 2006, a 4.3 percent decline compared to 2005.
General textile will be the prime sector for textile industry with share 56 percent will account NT$250.5 billion.
Synthetic fibre sector will reach to NT$157.2 billion, increase of 2.3 percent to NT$3.6 billion which will account 35 percent of whole industry.
With the rise of global crude prices, price of synthetic fibres increased which elevated production value by 0.74 percent whereas output values of general textile goods and garments slid 6.14 and 13.95 percent respectively.
It is also learnt that textile enterprises have begun looking at newer markets in Japan, Thailand and Korea, as mainland China has been facing anti-dumping problems that have led companies from here to reduce their exports to the US to almost nil.
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