Turnover expectations have improved: sixth ITMF Survey


The Worldwide Textile Producers Federation (ITMF) has introduced that compared to the fifth ITMF Corona-survey, the turnover expectations have improved within the sixth survey by four share factors from -16 per cent to now -12 per cent in comparison with yr 2019. The sixth ITMF Corona-survey was carried out between November 20 and December 14, 2020.

 

The survey was carried out amongst ITMF members and affiliated firms and associations in regards to the influence Corona-pandemic has on the worldwide textile worth chain. In whole, 159 firms from all over the world participated.

 

For 2021 and the next years, turnover expectations have general improved barely. On common, the businesses expect a small enchancment from -1 per cent (fifth survey) to +three per cent (sixth survey) in comparison with 2019. Additionally, for 2022 and 2023 the outlook has improved barely from +9 per cent (fifth survey) to +11 per cent (sixth survey) and from +14 per cent (fifth survey) to +15 per cent (sixth survey), respectively. The turnover expectations for 2024 in comparison with the 2019 ranges haven’t modified.

 

The newest survey reveals that within the medium and long-term turnover expectations haven’t modified considerably. Nonetheless, as a result of decreased turnover drop of -10 per cent in 2020, the business is anticipating to recuperate the losses incurred in 2020 by the top of 2022.

Fibre2Fashion Information Desk (JL)

The Worldwide Textile Producers Federation (ITMF) has introduced that compared to the fifth ITMF Corona-survey, the turnover expectations have improved within the sixth survey by four share factors from -16 per cent to now -12 per cent in comparison with yr 2019. The sixth ITMF Corona-survey was carried out between November 20 and December 14, 2020.





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