Taiwanese manufacturing sales hit new high in Q4 2021
Taipei, April 11 (CNA) Sales generated by Taiwan’s manufacturing sector hit a new quarterly high in the fourth quarter of 2021, largely driven by growing demand for emerging technologies and strong demand from end users, the Ministry of Economic Affairs (MOEA).
Sales posted by manufacturers in Taiwan, including their overseas factories, totaled approximately NT$9.25 trillion ($318.84 billion) during the October-December period in 2021, up from 13.9% over the previous year and the highest figure ever in the fourth quarter, according to data from the MOEA’s Statistics Department showed.
For 2021 as a whole, manufacturing sales hit a record NT$32.8 trillion, up 19.3 percent a year, the data showed.
The ministry said record sales in the fourth quarter of last year largely reflected growing demand for emerging technologies such as 5G applications, high-performance computing devices, automotive electronics and cloud data services, which have helped boost sales in the information technology and electronics industries. .
Meanwhile, old-economy industries such as chemical, steel and machinery manufacturers also saw double-digit sales growth in the fourth quarter of 2021, which was driven by robust demand from end users amid a steadily rising global economy, the MOEA said.
Taiwan’s manufacturing sector has also increased investment in new factories and expanding production, according to the ministry.
During the three-month period, the industry’s investment in fixed assets hit a new high in the fourth quarter at NT$588.1 billion, up 36.9 percent from a year earlier, it said. the MOEA.
For the whole of 2021, the manufacturing sector invested a record NT$1.92 trillion in fixed assets, an annual increase of 31 percent, the ministry said.
Investment in machinery and related items increased 38.2% year-on-year to NT$482.7 billion in the fourth quarter of 2021, accounting for 82.1% of new fixed assets.
Meanwhile, NT$101.6 billion was invested in housing and construction projects during the three-month period, up 33% from a year earlier and accounting for 17.3% of the total new capital investments.
Among various sectors, the electronic components industry invested NT$403.5 billion in fixed assets in the fourth quarter, up 51.5 percent year on year, accounting for 68.6 percent of the total, according to the data. of the MOEA.
For the full year, investment in this sector rose 41.9 percent a year to NT$1.3277 trillion, the data showed.
Looking ahead, the MOEA said, investment by the manufacturing sector in expanding production is expected to continue as capital spending by the semiconductor industry increases, which will spur new investment in the future. Taiwan by domestic and foreign manufacturing companies that are part of the global supply chain.