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| The Economic Roundup is an excerpted translation of the Chinese-language ROC Economic Yearbook published by the Economic Daily News, a sister publication of the Taiwan Economic News. The yearbook is the most comprehensive and authoritative source for understanding the fundamentals of Taiwan's economy, both in the macro and micro aspects. The excerpted translation gives foreign readers a concise view of the island's overall economic picture. It is divided into four parts: general economy, primary industries, secondary industries, and tertiary industries. |
| Secondary Industries > Man-Made Fiber |
| Following more than 40 years of development, Taiwan has successfully transformed from an agricultural-oriented economy to an industry-oriented one, positioning itself as one of the most important industrial areas in Asia and also taking a certain position in global industrialized countries.
Posting an annual production volume of 3.077 million metric tons of man-made fiber in 2005, Taiwan ranked as the second-largest supplier of the product in the world.
In recent years, the global demand for textile fiber has been on the increase, and yet the supply of natural fiber has fallen short of demand due to slow growth. This has made the man-made fiber one of Taiwan's most competitive industries. |
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