04/09/2020 – Deceleration along the textile chain
The Fiber Year 2020 – characterized by the coronavirus
Andreas Engelhardt: The entire textile value chain suffered from significant deceleration last year before a dramatic contraction began.
The slump in cotton demand as direct response to coronavirus will badly affect future planting and cotton prices. © Andreas Engelhardt
The total volume amounted to 74 million tonnes. Spunlaid nonwovens, newly included in global supply, slowed to the lowest growth rate in the century at nearly 4 percent to reach almost 7 million tonnes. © Andreas Engelhardt
Cotton did not reach the five-year high from preceding season but latest July projections from ICAC for 2019/20 season suggest a rebound with the sharpest inventory accumulation in seven years. © Andreas Engelhardt
The slump in cotton demand as direct response to coronavirus will badly affect future planting and cotton prices. © Andreas Engelhardt