Home / Knowledge / News / Textiles / Global yarn output up 20% q-o-q in Q1 2016: ITMF
Global yarn output up 20% q-o-q in Q1 2016: ITMF
25
Jun '16
Courtesy: ITMF
Courtesy: ITMF
The global yarn production increased by 20 per cent quarter-on-quarter in the first quarter of 2016. While output increased by 21 per cent in Asia and 29 per cent South America, it decreased by 4 per cent in Europe, the International Textile Manufacturers Federation (ITMF) said in its latest report.
 
Compared to Q1 2015, the global yarn production grew by 4 per cent in Q1 2016 with positive growth rates of 5 per cent and 4 per cent in Asia and Europe, respectively. However, global yarn stocks fell in Q1 2016 by 5 per cent quarter-on-quarter. Yarn stocks reduced by 6 per cent in Asia and 1 per cent in South America, while they remained unchanged in the other regions. Year-on-year, global yarn stocks increased by nearly 3 per cent. 
 
Global fabric production fell by over 8 per cent in Q1 2016 compared to the previous quarter due to fall by over 10 per cent and 2 per cent in Asia and Europe, respectively. In South America, in contrast, fabric production increased by 31 per cent. Compared to the level of Q1 2015, global fabric output remained unchanged, with output remaining stable in Asia, down nearly 21 per cent in South America and up around 9 per cent in Europe.
 
In Q1 2016, worldwide fabric stocks increased moderately quarter-on-quarter. Fabric inventories reduced less than 1 per cent in Asia, while they increased by over 2 per cent in South America during the three-month period. Fabric stocks in Q1 2016 remained unchanged year-on-year, the ITMF report said. 
 
European yarn orders rose moderately by 0.5 per cent quarter-on-quarter and by 3 per cent year-on-year in January-March 2016. In South America, they increased significantly by over 100 per cent quarter-on-quarter and rose by 22 per cent year-on-year. European fabric orders in Q1 2016 fell by 2 per cent quarter-on-quarter and by 4 per cent year-on-year. South American fabric orders in Q1 2016 increased by nearly 5 per cent quarter-on-quarter and fell by 23 per cent year-on-year. (RKS)
 

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search