The purpose of the report is to increase the understanding of Swedish companies’ performance in Taiwan and deepen our appreciation of the opportunities and challenges that the market possess. In addition, it will hopefully serve as a reference in trade dialogues between Sweden and Taiwan.
The previous year have introduced several challenges for Swedish companies in Taiwan. Challenges presented by the geopolitical environment as well as a rise in Covid-19 cases led to uncertainty as to how the developments would impact the Taiwanese market.
Despite the different challenges, Taiwan’s economy is experiencing unprecedent growth and the islands real per capita GDP is expected to be the largest in East Asia, driven by continued strong growth of the manufacturing industry, most notably semiconductors.
The market consistently ranks highly in global economic indices measuring ease of doing business, economic freedom, and competitiveness.
A large majority, 76 per cent, of Swedish companies saw a positive economic performance during 2021. Only six per cent of participating companies reported a financial loss, which is remarkable considering the negative impact of Covid-19 in 2021.
The allure of brand Sweden remains strong, and 66 per cent of participating companies believe that the Swedish brand contributes much or very much to their business in Taiwan.
Please download the report to fully overview the results with a detailed analysis.
ABOUT THE SURVEY
The Business Climate Survey is a tool developed to map the opportunities and challenges that Swedish companies face when doing business in Taiwan. This report presents the conclusions drawn from the survey and an analysis based on the current business situation, economic outlook, as well as other market aspects believed to be relevant for companies operating or planning to establish themselves in Taiwan.
While 84 companies were contacted, 35 of these companies participated, which amounts to a response rate of 41,7 per cent. The participating companies represent a wide range of industries.
Lastly, we would like to extend our most sincere gratitude to the participating companies and respondents which have contributed to this report with valuable insights.