TECHNICAL ADVANTAGE: The Taiwan Textile Federation said global brands, including Nike and Adidas, turn to Taiwanese firms when they need innovative and smart materials

Taipei Times
Date: Oct 06, 2018
By: Lisa Wang  /  Staff reporter

Local textile manufacturers expect to sign US$85 million of new orders at the annual Taipei Innovative Textile Show from Oct. 16 to 18, as demand grows for higher-priced functional textiles used mostly in sports and outdoor apparel, organizers said yesterday.

That would represent about 21 percent annual growth from US$70 million in orders last year, an initial estimate by the Taiwan Textile Federation (TTF) showed.

Robust growth was already reflected in the 2 percent annual growth in textile exports to US$5.89 billion from January to July this year, and the full-year increase could be larger, as the traditional peak season falls in the second half, the federation said.

Last year, textile exports grew by an anemic 0.8 percent to US$10 billion, it said.
[FULL  STORY]