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    2010 The Textile Industry In Taiwan Continues To Decline.

    2010/7/15 9:19:00 45

    Taiwan Textile Industry

      

    World Trade Organization

    (WTO) a report on the Taiwan trade system said that Taiwan's once strong textile and garment industry showed a continuous downward trend due to the rising labor costs.


    The study stressed that Taiwan's textile and clothing exports accounted for only 4% of Taiwan's total merchandise exports, down from 5.6% in 2005.


    WTO

    Trade

    Economists believe that higher costs seriously affect the garment industry, and the restrictive global quota system ended in 2005, which led to more intense competition in the export market.


    Pressure causes

    Manufacturer

    Transfer labour intensive production to the island, such as the pfer of textiles and clothing to China and other Asian countries.


    However, in order to enhance competitiveness, Taiwan's textile industry pays more attention to R & D, innovation and design, and tries to adjust its structure to produce products of higher value.


    Supplement:


    According to the Taiwan Lianhe Bao, the density of Taiwan department stores is among the best in the world. At present, there are more than 60 stores in the whole market, and 7 new department stores are expected to open in the second half of 2010.

    In the face of the "Warring States era" of the department stores, the industry predicted that there would be a collapse of department stores in Taiwan in 2011.


    Reported that the Japanese department store density is too high, the impact of the financial turmoil, fierce competition among businesses, and online shopping to seize the market, Japan has more than ten department stores closed, in 2009, the Japanese department store revenue, compared with the peak period in 1991 by 1/3.


    The report pointed out that Taiwan department store is facing the same crisis, and the amount of consumer shopping is reduced, and with the business district and the same nature department store, the department store's performance growth is very limited in recent years.


    According to the data released by the Ministry of economic affairs, the annual turnover of Taiwan online shopping in 2009 was close to 300 billion yuan (NT $, the same below). In 2009, the total turnover of Taiwan department stores was only 232 billion 200 million yuan.

    A chain store chief said, "next year, there will be a big reshuffle for Taiwan department stores. Many stores with poor physical fitness and poor performance will be faced with a crisis of closure."


    In addition, the industry revealed that the performance of a large department store in Taipei has been poor for many years, resulting in a number of failures. A department store in Taichung was dragged down to the end of the year because of the financial drag of the head office. Kaohsiung has a number of local, chain stores, with less than 2 billion yuan in annual revenue, and is losing money. If the situation can not be improved, there will be a bankruptcy crisis.


    It is reported that over the past few years, the island department store has quietly shuffled the cards, the butterfly and ZTE were dragged down by the parent company's finances, and Central Asia, Xian Shi, New York, New York and other poor performance, the choice to end or pfer to others, there are still more businesses in the future facing the same crisis.

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