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22 February 2022, Mumbai:
Business situation and expectations remain very favourable along the global textile value chain.
In the 2 nd half of January 2022, the ITMF conducted the 12 th ITMF Corona-Survey among more than 270 companies around the world in all segments along the textile value chain.
For the fifth time since May 2021, companies were asked the same set of questions about their 1) business situation, 2) business expectation, 3) order intake, 4) order backlog, and 5) capacity utilization rate. On average across all regions and all segments, the business situation is still very favorable with +23 percentage points (pp), albeit lower than compared to November 2021 (+28pp).
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This high level is remarkable given the fast-rising infection number of the Corona-variant “Omicron” since the 11 th ITMF Corona-Survey. The fact that a rising number of companies find themselves in a satisfactory business situation (48%) is an indication for a strong and broad recovery.
When it comes to the business expectations in six months, the global textile value chain remains very optimistic.
While the balance between more favorable and less favorable has fallen from +33pp to +25pp, it needs to be considered that these expectations are built on a very favorable business situation.
Or to put it differently, only 14% of companies are anticipating a less favorable business by July 2022.
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