Post-2008, the textile dyes and chemical sector was in turmoil following the slowdown in the worldwide textile and apparel sector. Although a strong rebound followed in 2010, 2011 and 2012 on the other hand, were impacted by the volatility in cotton markets.
So will 2013 turn out to be a turning point for the worldwide dyes and chemical sector?
Mr Thomas Winkler, Head of Clariant's Textile Chemicals Business Unit thinks a reasonable growth may be achieved in 2013. He says, “The period between 2008 -2013 shows a very changing profile depending on the years considered.
“The whole industry has seen the negative impact of the financial crisis in 2008/2009, which was followed by a strong rebound in 2010. 2011 and 2012 were impacted by the cotton crisis.
“For 2012, Clariant recorded continued growth in Asia and solid performance in South America, whilst South Europe has been suffering. Overall, the market conditions remain volatile and uncertain for 2013, but we expect 2013 to be a year of reasonable growth.”
Revealing the positive factors which will determine 2012, he says, “The economic situation in the US and Europe will of course be an important factor for stabilization or growth in textile.
“We can see a few positive trends, such as the fact that the price of cotton has stabilized at reasonable level, or that Turkey is currently picking up more textile orders from Europe. In China, despite increasing costs, the market continues to show positive development and value-focused segments show good growth.
“While we don’t see yet any major shift within the Asian region, we anticipate further growth in emerging markets, such as Bangladesh and other countries in South-East Asia, as brands and retailers are looking at diversifying the sources of their supply chain.”
