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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 > Other Traditional Industries (Timber, Furniture, Leather, Toy , And Sporting Goods) |
| In 2005, the production value of Taiwan's timber industry amounted to NT$14.29 billion, with wooden furniture accounting for the highest share, at NT$7 billion or 49.1%, of the total. The annual output value of Taiwan's furniture industry has been on the drop over the past five years, with the value for 2005 declining 7.2% from 2004 to NT$28.9 billion. Metal furniture remained the mainstay of the local furniture industry, with its output value reaching NT$20.68 billion in 2005 to account for 71.6% of the island's total annual furniture production. Furniture manufacturing is still a labor-intensive industry, with raw materials and labor costs commanding over 70% of the entire furniture production costs. Local furniture makers are mostly operating on a small to medium scale.
Last year, Taiwan's production value of leather and leather products came to NT$37.64 billion, down 7.2% from 2004. Generally speaking, leather production has been a shrinking industry in Taiwan, and the industry is expected to remain in a low gear in the future.
Taiwan's toy makers are mostly operating on a small to medium scale. In the first nine months of 2005, the island's exports of toys came to NT$10.29 billion, with major export outlets including the U.S., Japan and Hong Kong. On another front, the island imported NT$6.305 billion worth of toy products in the same period, shooting up 51.7% from the corresponding figure of NT$4.153 billion of a year earlier. Major import items included stuffed toys, TV games, and puzzle sets.
The major export outlets for Taiwan-made sporting goods are the U.S., Japan and Europe, and the island's imports of sporting goods are mainly composed of golf equipment. In the first nine months of 2005, Taiwan's imports of golf equipment amounted to NT$916.83 million, followed by imports of gymnastic equipment with NT$536.17 million, and fishing equipment with NT$211.81 million, among others. |
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