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4th ITMF-Survey on impact of Covid on textile industry

Jun 18, 2020
4th ITMF-Survey on impact of Covid on textile industry

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

On a global scale, current orders continue to be down on average by more than -40 per cent (Graph 1). When looking at expected turnover in 2020 compared to 2019, the expectations remained unchanged since the 3rd ITMF CoronaSurvey. On average, companies are expecting their turnover to plummet by -32 per cent. The range between regions differs with from -22 per cent in South East Asia to -36 per cent in East Asia (Graph 2).

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 per cent, while the other segments expect turnover in 2020 to be falling in the range of -31 per cent to -34  per cent (Graph 3).