ITMF: World Yarn Production Up in Q1

By Jim.Robinson|July 31, 2013

Global yarn production jumped in Q1/2013 compared to the previous quarter as a result of higher output in Asia and North and South America, and despite a decrease in Europe according to the International Textile Manufacturers Federation (ITMF). Also, on an annual basis, global yarn output rose resulting from higher output in Asia, South America, and Europe while production fell significantly in North America. Global yarn stocks were practically unchanged in Q1/2013, with Europe and Asia recording lower numbers and South America slightly higher ones. Also, on an annual basis, yarn stocks remained practically unchanged. Yarn orders in Europe and Brazil were up in Q1/2013 compared to the previous quarter. On an annual basis, yarn orders increased in Europe but fell in Brazil.

Global output of fabric decreased in Q1/2013 due to lower production in South America and Asia which could not be offset by increases in Europe. On a year-to-year basis, world fabric production was up as a result of higher production in Europe and Asia, despite a reduction in South America. Fabric stocks fell worldwide compared to the previous quarter due to reductions in South and North America, although stockers were up in Asia. Compared to last year, global fabric stocks fell as well, with lower stocks recorded in South America, North America, and Europe which were not compensated by higher fabric stocks in Asia. Fabric orders in Q1/2013 rose in Brazil but fell in Europe. Year-over-year, fabric orders were down in South America and Europe.

Estimates for yarn production in Q2/2013 compared to Q1/2013 are positive in Asia and North America, neutral in South America, and negative in Europe. Estimates for fabric production in Q2/ 2013 are positive in Asia and Europe and neutral in South America.

See the full ITMF report here.