Glenn Smith
Jul 23, 2010

Taiwan ad spend leaps 24 per cent after decade of decline

TAIPEI - According to Nielsen's latest report, Taiwan ad spend has leaped 24 per cent to US$695 million (NT$22.3 billion) in the first half of 2010, marking a welcome turnaround after nearly a decade of decline for the island's advertising industry.

Taiwan ad spend leaps 24 per cent after decade of decline

The two strongest performing categories were real estate (US$114 million) and finance (US$45 million), which increased 71 and 71.5 per cent, respectively.

Automobiles (US$39 million) grew 32.2 per cent, continuing growth initiated by a government tax break last year.

The only category in the top 10 to see a decline was computer and gizmo retailing which fell by 13.9 per cent to US$33 million.

Eliot Lin, CEO at McCann Erickson, said, "There is a general feeling that tomorrow will be better. But there isn't a single thing you can point at and call the driver."

The change is psychological said Alvin Tsui, CEO at United Communications Group.

"No one was spending on advertising these past few years, even though the economy wasn't that bad," said Tsui. "Clients held on to their advertising budgets and now they are spending again."

FMCG companies entered the fray as well. Proctor & Gamble, the island's largest advertiser, increased ad spend by 113.9 per cent to US$11 million.

Other big moves were seen by Quaker (80.9 per cent), Kao (30.9 per cent), Unilever (79.7 per cent), McDonald's (34.8 per cent) and Hawley & Hazel (70.5 per cent).

The increase in adspend was spread across all media, with double-digit gains across all categories.

 

Source:
Campaign China

Related Articles

Just Published

20 minutes ago

These 20 ads were the most effective of 2020: Kantar

Heineken's 'Cheers to all' takes the top position and APAC work gets two mentions on the list of 2020's most effective ads, compiled from 10,000 contenders by Kantar's Link pre-testing solution.

10 hours ago

In-housing is here to stay and growing

As digital communications have become more central to the way that companies do business since the pandemic, it makes sense for brands to invest in their own capabilities – whether external agencies like it or not.

10 hours ago

David Beckham finds escape in global Maserati ...

This is the debut work for the car brand by Droga5 London.

10 hours ago

Agency giants can continue renaissance with more ...

Agency holding companies have seen their share prices recover in the past six months. Now is the time to take on more risk by partnering smaller and nimbler tech-focused players to drive growth.