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Industry Talk

4th ITMF survey on pandemic’s impact on textiles industry

On a global scale, current orders continue to be down on average by more than 40%

17th June 2020

Knitting Industry
 |  Zürich, Switzerland

Knitwear, Knitted Outerwear, Intimate Apparel, Hosiery & Socks, Sports & Activewear, Swimwear & Beachwear, Knitted Accessories, Household, Technical Textiles

Between 20 May and 8 June 2020, the International Textile Manufacturers Federation (ITMF) conducted its 4th ITMF Corona Survey among ITMF members and affiliated companies and associations about the impact of the Corona-pandemic on the global textile value chain. In total around 600 companies from around the world participated.

© ITMF.

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 3rd ITMF Corona Survey. On average, companies are expecting their turnover to plummet by 32%. The range between regions differs from a 22% drop in South East Asia to a 36% drop in East Asia (Graph 2).

© ITMF.

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 a 26% drop, while the other segments expect turnover in 2020 to be falling in the range of 31% to 34% (Graph 3).

© ITMF.

Asked when pre-crisis levels will be reached again, 23% expect this to be in quarter 1 of 2021, followed by 21% that are expecting this to be the case in quarter 2 of 2021. Another 14% expect this will be the case in quarter 3 of 2021. Nevertheless, 20% of companies are expecting a faster recovery in quarter 4 of 2020 (Graph 4).

© ITMF.

www.itmf.org

 

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