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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

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