{"id":56419,"date":"2023-10-20T17:32:45","date_gmt":"2023-10-20T14:32:45","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=56419"},"modified":"2023-10-20T17:32:57","modified_gmt":"2023-10-20T14:32:57","slug":"global-textile-industry-has-difficulty-in-seeing-the-future","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/global-textile-industry-has-difficulty-in-seeing-the-future\/","title":{"rendered":"Global textile industry has difficulty in seeing the future\u00a0"},"content":{"rendered":"\n<p>According to ITMF\u2019s (<a href=\"https:\/\/www.itmf.org\/\">International Textile Manufacturers Federation<\/a>) 22nd Global Textile Industry Survey (GTIS) conducted in the middle of September 2023, survey participants exhibited a cautious sentiment regarding the current business situation. The indicator for the business situation stood at -27 percentage points (pp) because companies in the entire textile value chain were struggling with rising costs and weak demand. Business expectations have remained unchanged since July at around +20 pp. They have jumped into positive territory in January 2023 based on the assumption that the Chinese <a href=\"https:\/\/www.textilegence.com\/en\/category\/topical\/\">economy<\/a> would give an additional boost, but this hope did not materialise. The analysis indicates that a hard landing of the global economy is not in sight.\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic.jpg\" alt=\"K\u00fcresel tekstil end\u00fcstrisi \u00f6n\u00fcn\u00fc g\u00f6rmekte zorlan\u0131yor G\u00f6rsel Kaynak:  ITMF\" class=\"wp-image-56414\" srcset=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic.jpg 1920w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic-768x432.jpg 768w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic-1536x864.jpg 1536w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic-300x169.jpg 300w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic-600x338.jpg 600w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic-696x392.jpg 696w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-graphic-1068x601.jpg 1068w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><figcaption class=\"wp-element-caption\">The major concern in the global textile value chain is weakening demand&nbsp; Image Source: ITMF<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-entire-textile-value-chain-is-running-on-minimum-levels-of-orders-nbsp\">The entire textile value chain is running on minimum levels of orders&nbsp;<\/h2>\n\n\n\n<p>Order intake recovered in May 2023, but flattened in July and remained very weak in September (-28 pp). The entire textile value chain is running on minimum levels of orders. It is stated that as long as brands and retailers do not increase orders, the entire value chain will continue struggling. Order backlog slightly increased globally, from 1.9 months in July to 2.2 months in September 2023. This indicator has been on a falling trend since the end of 2021. The average capacity utilisation rate dropped again globally (69%). Textile manufacturers expect this rate to remain low in six months\u2019 time as well.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-major-concern-in-the-global-textile-value-chain-is-weakening-demand-nbsp\">The major concern in the global textile value chain is weakening demand&nbsp;<\/h2>\n\n\n\n<p>Weakening demand has been the major concern in the global textile value chain for a year. In September 2023, this concern grew even stronger due to high inflation rates measured in the last few months, a phenomenon fueled by high energy and high raw material prices. Nevertheless, participants seem not to be concerned by order cancelations and inventory levels remain average along the textile value chain.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to ITMF\u2019s (International Textile Manufacturers Federation) 22nd Global Textile Industry Survey (GTIS) conducted in the middle of September 2023, survey participants exhibited a cautious sentiment regarding the current business situation. The indicator for the business situation stood at -27 percentage points (pp) because companies in the entire textile value chain were struggling with rising [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":56412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[10288,10369,12450],"class_list":{"0":"post-56419","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-itmf-en","9":"tag-textile-news-en","10":"tag-topical"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global textile industry has difficulty in seeing the future - Textilegence<\/title>\n<meta name=\"description\" content=\"According to ITMF\u2019s 22nd Global Textile Industry Survey (GTIS) conducted in the middle of September 2023, survey participants...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/global-textile-industry-has-difficulty-in-seeing-the-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global textile industry has difficulty in seeing the future\u00a0\" \/>\n<meta property=\"og:description\" content=\"According to ITMF\u2019s (International Textile Manufacturers Federation) 22nd Global Textile Industry Survey (GTIS) conducted in the middle of September 2023,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.textilegence.com\/en\/global-textile-industry-has-difficulty-in-seeing-the-future\/\" \/>\n<meta property=\"og:site_name\" content=\"Textilegence Magazine and Digital Platform\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-20T14:32:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-20T14:32:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/10\/ITMF-textilegence-textile.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Engin Buz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/textilegence\" \/>\n<meta name=\"twitter:site\" content=\"@textilegence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Engin Buz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/global-textile-industry-has-difficulty-in-seeing-the-future\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/global-textile-industry-has-difficulty-in-seeing-the-future\\\/\"},\"author\":{\"name\":\"Engin Buz\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/46ccc7bfc34edbc7d46b6b189f88849f\"},\"headline\":\"Global textile industry has difficulty in seeing the future\u00a0\",\"datePublished\":\"2023-10-20T14:32:45+00:00\",\"dateModified\":\"2023-10-20T14:32:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/global-textile-industry-has-difficulty-in-seeing-the-future\\\/\"},\"wordCount\":326,\"publisher\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/global-textile-industry-has-difficulty-in-seeing-the-future\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/ITMF-textilegence-textile.jpg\",\"keywords\":[\"itmf\",\"textile news\",\"topical\"],\"articleSection\":[\"Topical\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/global-textile-industry-has-difficulty-in-seeing-the-future\\\/\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/global-textile-industry-has-difficulty-in-seeing-the-future\\\/\",\"name\":\"Global textile industry has difficulty in seeing the future - 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It focuses on the textile industry and sub-segments. The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.\",\"email\":\"editor@textilegence.com\",\"telephone\":\"+90 212 442 24 12\",\"legalName\":\"Textilegence Mag and Digital Platform\",\"foundingDate\":\"2013-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/46ccc7bfc34edbc7d46b6b189f88849f\",\"name\":\"Engin Buz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/engin-buz.jpg\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/engin-buz.jpg\",\"contentUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/engin-buz.jpg\",\"caption\":\"Engin Buz\"},\"description\":\"Engin Buz, Ankara \u00dcniversitesi \u0130leti\u015fim Fak\u00fcltesi Gazetecilik B\u00f6l\u00fcm\u00fc\u2019nden mezun olduktan sonra Y\u0131ld\u0131z Teknik \u00dcniversitesi\u2019nde Siyaset Bilimi ve Uluslararas\u0131 \u0130li\u015fkiler alan\u0131nda y\u00fcksek lisans\u0131n\u0131 tamamlam\u0131\u015ft\u0131r. 2000 y\u0131l\u0131ndan sonra \u00e7e\u015fitli yay\u0131nc\u0131l\u0131k \u015firketlerinde \u00e7al\u0131\u015fmaya ba\u015flayarak k\u00fclt\u00fcr-sanat ve daha sonra ekonomi haberleri haz\u0131rlam\u0131\u015ft\u0131r. 2009 y\u0131l\u0131ndan itibaren tekstil end\u00fcstrisine d\u00f6n\u00fck yay\u0131nlarda edit\u00f6r olarak g\u00f6rev alan Buz, 2013 itibariyle kurulan Textilegence\u2019de haber edit\u00f6r\u00fc olarak yer almaya ba\u015flam\u0131\u015ft\u0131r. 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