Taiwan Textile Industry recovering from the Financial Crisis

The textile and apparel industry in Taiwan was adversely affected by the global economic downturn in the past two to three years. This article includes the impact brought by the global economic changes and also changes observed in the Asian textile and apparel supply chain as other countries have made their advancements to boost international trade.

Total output value of Taiwanese textile and apparel industry reached NT$433.8 billion (US$13.57 million) in 2008, decrease 12.94% from the previous year. The Q4 of 2008 witnessed a negative growth of 31.53% before hitting the historic low in 2009 Q1. A rebound was observed....