Home / Knowledge / News / Textiles / Global yarn production improved 30% q-o-q in Q1: ITMF
Global yarn production improved 30% q-o-q in Q1: ITMF
27
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


Must ReadView All

Two slabs of GST will affect Bengaluru garment units: SIGA

Apparel/Garments | On 23rd Jan 2018

Two slabs of GST will affect Bengaluru garment units: SIGA

The South India Garment Association (SIGA) has voiced its concern...

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brunner
Devereux

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search