Orders down by 40% due to corona pandemic
All segments in the textile value chain recorded significant decreases in orders. Also, integrated producers seem to have fared slightly better with -26%, while the other segments expect turnover in 2020 to be falling in the range of -31% to -34%.
Asked when pre-crisis levels are reached again, the majority (23%) is expecting this to be in the 1st quarter (Q1) of 2021, followed by 21% that are expecting this to be the case in the 2nd quarter of 2021. Nevertheless, 20% of companies are expecting a faster recovery in Q4/2020.