Categories: Other

4th ITMF survey on COVID-19 impact of textile industry

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

On a worldwide scale, current orders continue to be down on average by more than 40% (Graph 1). When looking at the anticipated turnover in 2020 compared to 2019, the expectations remained unchanged because of the 3rd ITMF Corona Survey. On average, companies are anticipating their turnover to grow by 32 percent. The range between regions differs in the 22% fall in South East Asia to a 36% fall in East Asia (Graph 2).

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

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

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

6 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

6 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

6 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago