You will be redirected back to your article in seconds
Skip to main content

Global Textile Makers Feel ‘Very Good’ About the Future: ITMF Survey

In the first half of November, the International Textile Manufacturers Federation (ITMF) conducted its 11th “Corona-Survey” among more than 330 companies around the world in all segments along the textile supply chain.

For the fourth time since May, companies were asked the same set of questions about their business situation, business expectation, order intake, order backlog and capacity utilization rate. On average across all regions and all segments, respondents said the business situation has improved significantly since the 10th survey in September.

The balance between companies who describe their business situation as good or poor jumped from plus 10 percent to plus 28 percent. When it came to business expectations in six months’ time, the balance was plus 33 percent.

“This means that significantly more companies are expecting business to be more favorable than less favorable by May 2022,” ITMF said. “Nevertheless, expectations were slightly higher in the previous surveys.”

A look at the different regions reveals that the business situation improved on average in most areas except for East Asia. All regions expressed optimistic business expectations.

As for the different segments, the gap between the upstream sectors–fiber producers, spinners and textile machinery producers–on the one hand and the downstream segments–weavers/knitters, finishers/printers and garment producers–on the other hand is narrowing, ITMF noted.

As far as order intake is concerned, the “very positive situation,” up 40 percent, was the source for the “very good” business situation. Order intake expectations increased again from an already high level to plus 41 percent.

Order backlog has remained almost unchanged since May and is around 2.5 months, the survey revealed. ITMF noted that by nature, the textile machinery segment has on average a much longer backlog–six months versus 1.5 months for spinners.

The capacity utilization rate has increased slowly but continuously since May, indicating that the supply chain disruption is still a big, but hopefully diminishing, concern, ITMF added.