The business situation along the global textile value chain is very good, says a survey by International Textile Manufacturers Federation. In the first half of November 2021, the ITMF conducted the 11th ITMF Corona-Survey among more than 330 companies around the world in all segments along the textile value chain.
On an average across all regions and all segments, the situation has improved significantly since the survey in September. The textile industry is also expecting a further improved business in future. The balance between companies with a good and a poor business situation jumped from +10 percentage points (pp) to +28 pp. When it comes to business expectations in six months’ time (May 2022), the balance is +33 pp. This means that significantly more companies are expecting business to be more favorable than less favorable by May 2022.
The business situation has improved on an average in most regions except for east Asia. Business expectations are optimistic in all regions. As for the different segments, the gap between the upstream segments – 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. Order intake expectations have increased again from an already high level to +41 pp.