ITMF Releases 4th Survey on Impact of Coronavirus Pandemic on Global Textile Industry

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

On a global scale, current orders continued to decrease on average by more than 40%. When looking at their expected turnovers in 2020 compared to 2019, the expectations remained unchanged since the 3rd ITMF Corona-Survey. On average, companies expect their turnovers to plummet 32%. The range differs among regions, from 22% in Southeast Asia to 36% in East Asia.

 

In all of the segments of the textile supply chain – from spinners to garment manufacturers – orders recorded significant decreases. Also, integrated manufacturers seemed to have fared slightly better with a decrease of 26%, while other segments expect their turnovers to fall in the range from 31% to 34% in 2020.

In all segments of the global textile value chain, orders are down in the range from 37% to 46%. Their turnovers in 2020 are down in the range from 26% to 34% compared to 2019.

The majority (23%) of the survey respondents expect to return to pre-crisis levels again in the first quarter of 2021, followed by 21% in the second quarter of 2021. Another 14% expect that this will be the case in the third quarter of 2021. Nevertheless, 20% of the survey respondents expect a faster recovery in the fourth quarter of this year.