ITMF survey highlights cautious recovery in global textile industry
The International Textile Manufacturers Federation (ITMF) has released the findings of its 30th Global Textile Industry Survey, conducted in January 2025. The survey reveals a cautiously optimistic outlook for the textile sector, despite ongoing challenges in the global value chain.
The overall global business balance remains negative at -15 percentage points (pp), although a positive trend has been observed since November 2024. South America has notably led this recovery, reporting a strong positive business balance of +21pp. Additionally, garment manufacturers have turned positive, with a balance of +3pp, signaling signs of resilience in the sector.
Looking ahead, 43% of survey respondents are optimistic about improved conditions over the next six months, boosting the global outlook to a positive balance of +29pp. Regional sectors like South America and producer groups, including spinners, are leading the recovery sentiment, with South America showing a remarkable +46pp balance and spinners at +45pp.
Order intake figures for January 2025 reflect steady recovery, with a balance of -6pp after 14 months of progress. South Asia and South America show strong performances, while the home textile segment remains the only positive category. The global order backlog has increased to 2.5 months, with North and Central America leading at 2.9 months, indicating higher demand.
Despite these positive developments, the survey highlights continuing challenges. The global capacity utilization rate has dropped to 72%, though still above prior lows. Weak demand and geopolitical risks continue to worry industry leaders, compounded by rising energy and raw material prices. However, order cancellations have remained low, and inventory levels have largely remained stable.
The ITMF’s survey paints a picture of cautious recovery in the global textile industry, with regions and sectors showing varying degrees of resilience in the face of persistent challenges.
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