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Learn moreApr 2020
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Consumer spending in Taiwan is being boosted by falling unemployment, the rising minimum wage and increasing public sector salaries. The trade war between China and the US threatens to spill over into Taiwan, which relies heavily on exports.
The athleisure and streetwear trends continue to grow in popularity in Taiwan, having previously come to prominence in Western countries. More people have started exercising in Taiwan, taking part in activities such as mountain climbing, running, and going to the gym, with many people now incorporating sport into their lives.
Fast fashion brands have had a significant impact on apparel and footwear since entering Taiwan. Apparel and footwear used to mainly comprise small retailers/brands in Taiwan, with products largely being sold through department or independent stores.
E-commerce sales in Taiwan is are growing rapidly within apparel and footwear, with competition becoming increasingly fierce. There are several popular small retailers on the market such as lativ, Queen Shop and Pazzo, with most operators offering affordable apparel and footwear to consumers.
Taiwan’s economy is set to see continued growth over the forecast period, despite challenges posed by tense relations with China and China’s trade war with the US. Taiwan is focused on loosening its dependency on trade with China, with the country looking to build new trade relationships, especially in South and Southeast Asia, as well as encouraging increased tourism from these markets.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Apparel and Footwear industry in Taiwan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Apparel and Footwear industry in Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
The Apparel and Footwear in Taiwan market research report includes:
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Why buy this report?
This industry report originates from Passport, our Clothing and Footwear market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.