Improved turnover for 2020 & beyond: 6th ITMF survey

Improved turnover for 2020 & beyond: 6th ITMF survey

Between November 20th and December 14th, 2020, ITMF has conducted its 6th ITMF Corona-Survey among ITMF members and affiliated companies and associations about the impact the Corona-pandemic has on the global textile value chain

Between
November 20th and December 14th, 2020, ITMF has conducted its 6th ITMF Corona-Survey
among ITMF members and affiliated companies and associations about the impact
the Corona-pandemic has on the global textile value chain. In total, 159
companies from around the world participated.

In
comparison to the 5th ITMF Corona-Survey (September 5th – 25th, 2020), the turnover
expectations have improved in the 6th survey by 4 percentage points from -16
per cent to now -12 per cent compared to 2019 (Graph 1).

Graph
1: Worldwide, expected turnover 2020 is down on average by -12% (versus 2019).

For
2021 and the following years, turnover expectations have overall improved slightly
(see Graph 2). On average, the companies are expecting a small improvement from
-1 per cent (5th survey) to +3 per cent (6th survey) compared to 2019. Also,
for 2022 and 2023 the outlook has improved slightly from +9 per cent (5th
survey) to +11 per cent (6th survey) and from +14 per cent (5th survey) to +15
per cent (6th survey), respectively. The turnover expectations for 2024 –
compared to the 2019 levels – have not changed (+18 per cent in the 5th and 6th
survey).

The
latest survey reveals that in the medium- and long-term turnover expectations have
not changed significantly. Nevertheless, due to the reduced turnover drop of
-10 per cent in 2020, the industry is expecting to recover the losses incurred
in 2020 by the end of 2022.

Graph
2: Worldwide, expected turnover to increase by +18 per cent until 2024 (versus 2019).

Source:
6th ITMF Corona-Survey (November 20 – December 14, 2020)

Additional
and more detailed information about the 6th ITMF Corona-Survey are published in
the current edition of the ITMF newsletter.

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