FEDERATION FORECAST:The Taiwan Textile Federation expects global demand for Taiwanese textiles, such as from the Tokyo Olympics, to increase sales by 5 percent this year
Taipei Times
Date: Oct 14, 2017
By: Kuo Chia-erh / Staff reporter
The nation’s textile exports are forecast to grow 5 percent this year, thanks to improving customer demand worldwide, the Taiwan Textile Federation said yesterday.
In the first nine months of the year, exports of Taiwan’s textile products reached US$7.55 billion, edging up 1.5 percent from the same period last year, statistics compiled by the Ministry of Finance showed.
The growth momentum is expected to extend into the fourth quarter amid improving industry sentiment, federation secretary-general Justin Huang (黃偉基) said at a news conference for this year’s Taipei Innovative Textile Application Show (TITAS).
“Taiwanese textile suppliers will also benefit from the 2020 Tokyo Olympics over the coming years, as local companies are strong producers of functional wear and high-performance sportswear for athletes, “ Huang said, citing textile maker Far Eastern New Century Corp (遠東新世紀). [FULL STORY]