Despite lower production in the Americas, global yarn output increased during the fourth quarter of 2011 as a result of higher output in Asia (especially China) and Europe, according to a report from the International Textile Manufacturers Federation (ITMF). Year-on-year global yarn production was also up due to higher output in Asia and in spite of lower output in Europe, as well as in South and North America. Global fabric production rose in the 4th quarter with both Asia and Europe recording higher output, while North and South America registered a reduction.
Compared to last year’s fourth quarter, global fabric output dropped, with all major regions suffering declines. Global yarn stocks were slightly higher in Q4/2011 compared with the previous year – largely due to higher stocks in Europe and South America – while stocks in Asia fell. Year-on-year global yarn inventories increased as a result of higher stocks in all regions. In comparison to the previous quarter, fabric stocks were up in Europe and South America in the fourth quarter, but down in Asia and North America.
On an annual basis, fabric stocks soared in South America with smaller increases recorded in North America and Asia; stocks decreased slightly in Europe. Europe’s yarn orders increased relative to the previous quarter but fell on a yearly basis. Fabric orders fell slightly compared to the previous one and also year-on-year.
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