ITMF survey: Global textile orders down by 40+ percent

Posted June 18, 2020

 

ZURICH – Between May 20th and June 8th 2020, ITMF conducted its fourth ITMF coronavirus survey among ITMF members and affiliated companies and associations about the impact the pandemic had on the global textile value chain. In total around 600 companies from around the world participated.

ITMF_Graph_1.png

On a global scale, current orders continue to be down on average by more than -40% (Graph 1). When looking at expected turnover in 2020 compared to 2019, the expectations remained unchanged since the third ITMF coronavirus survey. On average, companies are expecting their turnover to plummet by -32%. The range between regions differs with from -22% in South East Asia to -36% in East Asia (Graph 2).

ITMF_Graph_2.png

When looking at the different segments in the textile value chain, all segments – from spinners to garment producers – recorded significant decreases in orders (Graph 2). Also, integrated producers seem to have fared slightly better with -26%, while the other segments expect turnover in 2020 to be falling in the range of -31% to - 34% (Graph 3).

ITMF_Graph_3.png

Asked when pre-crisis levels are reached again, the majority (23%) is expecting this to be in the first st quarter of 2021, followed by 21% that are expecting this to be the case in the second quarter of 2021. Another 14% have the expectations that this will be the case in the 3rd quarter of 2021. Nevertheless, 20% of companies are expecting a faster recovery in the 4th quarter 2020 (Graph 4).

 

Source: ITMF

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