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Global yarn production improved 30% q-o-q in Q1: ITMF
Jul '17
In the first quarter of 2017, global yarn production rose by almost 30 per cent quarter-on-quarter mainly due to the 31.8 per cent increase in Asia. In North and South America yarn production increased by 13 per cent and 3.5 per cent, respectively, the International Textile Manufacturers Federation said in its July report on global yarn and fabric output.
In Europe, however, there was a slight decline by 1.2 per cent quarter-on-quarter in yarn production.
On a year-on-year basis, global yarn output increased by 1.9 per cent in first quarter of 2017. In Asia yarn output improved 2.1 per cent year-on-year while in South America it declined by 4 per cent and rose by 0.6 per cent in North America. In Europe yarn output increased by 1.6 per cent year-on-year, the ITMF report said.
Meanwhile, global fabric production fell by almost 15 per cent in January-March 2017 against the previous quarter, with the most significant decrease by almost 17 per cent in Asia. Year-on-year, global fabric output improved by 1.9 per cent during the three-month period. Thereby, Asian production increased by 2.6 per cent and South America’s output improved by 2.2 percent. Europe’s fabric output fell by 8.7 per cent year-on-year.
Global yarn inventories decreased in Q1 2017 by 6.6 per cent quarter-on-quarter with decrease of 6.3 per cent in Asia. In South America inventories fell by 10 per cent. During the quarter, production of global yarn inventories continued to decrease with the annual percentage change of 1.9 per cent. Thereby, Asian yarn stocks increased by 2.8 per cent year-on-year, while European yarn stocks fell by 9.5 per cent annually and South American stocks diminished by over 41 per cent.
Worldwide fabric stocks fell by 7.8 per cent quarter-on-quarter in the first quarter of this year. The decline was mainly due to a sharp 34.7 per cent drop in South American stocks. In Asia, fabric stocks increased by 0.6 per cent while in North America they fell by 0.8 per cent.
On a yearly basis, global fabric inventories during the three-month period decreased by 12 per cent. Asia’s fabric stocks increased by 0.9 per cent annually while South America’s inventories fell by 45 per cent. In Europe fabric inventories rose by 4.7 per cent and ion North America stocks remained unchanged year-on-year. (RKS)

Fibre2Fashion News Desk – India

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