Global turnover 2020 dropped -9% on average vs. 2019 

The 7th survey revealed that actual turnover in 2020 was -9% lower compared to 2019 (see Graph 1). While this decrease is significantly better than the expected drop of -33% in the 3rd survey at the height of the first Corona- wave in April 2020, the year 2020 will go down into history as one of the worst years for the global textile and apparel industry.

In comparison to the expectations expressed in the 6th ITMF Corona-Survey (November 20th – December 14th, 2020), actual turnover for 2020 compared to 2019 has improved by 3 percentage points from -12% to now -9% (Graph 1). 

As could be expected the entire textile value chain was hit hard by the pandemic including textile machinery producers. Practically all segments under review were impacted negatively to different degrees in 2020 (see Graph 2). The two segments standing out positively are the producers of nonwovens (+/-0%) and of fibres (+10%). It can be assumed that those two segments have benefitted from the extraordinary demand for masks during?2020, which compensated to a significant extent for the loss in other areas like automotive or apparel.