What is happening with Taiwan's textile industry and market trend？

The production value of Taiwan's textile industry has been declining year by year. The main reason is that Taiwanese companies are shifting to the global layout. Despite this, the textile industry's contribution to foreign exchange earning is still quite large, and it still maintains its position as the third largest foreign exchange earning industry in Taiwan. Taiwan's textile industry is dominated by SMEs, while the proportion of SMEs exceeds 98%. Although Taiwan's textile industry lacks large-scale enterprises, it has the advantage of “quick response” and relies on complete industrial clusters.