ITMF-Survey about the impact of the Corona-pandemic on the global textile industry
Between March 13-25, 2020, ITMF has conducted a survey among ITMF Members about the impact the Coronapandemic had on the global textile value chain, especially on current orders and expected turnover in 2020. In total 34 companies from around the world participated in addition to two national textile associations with several hundred participants.
Worldwide, current orders are down by -8%
The results show that on average companies in all regions of the world suffered significant numbers of cancellations and/or postponements. On world average, current orders dropped by -8.0%. The decrease in orders ranges from -4.0% in South America to -13.3% in Africa.
Last Update 2020-04-16