Home / Knowledge / News / Textiles / Global yarn output & stocks decline in Q1: ITMF
Global yarn output & stocks decline in Q1: ITMF
23
Aug '12
International Textile Manufacturers Federation (ITMF) releases output of global yarn production fell in the Q1/2012 in comparison to the previous one mainly as a result of lower output in China where production in the first quarter of the year is traditionally lower compared to any other quarter as a result of fewer working days due to the Chinese New Year holidays.

It is therefore important to note that compared to Q1/2011 global yarn production increased in Q1/2012 with only North America recording a decrease. Global fabric production in Q1/2012 fell both in comparison to the previous as well as last year’s quarter. In all regions a reduction could be observed with the exception of South America. Yarn stocks fell in the Q1/2012 compared to Q4/2011 in all regions.

On an annual basis yarn stocks dropped significantly in Asia (-10.1%) but were higher in Europe (+0.4%) and South America (+9.5%).

Fabric stocks fell slightly in comparison with the previous quarter but year-on-year they increased especially as a result of higher inventory in South and North America and despite lower stock levels in Europe and Asia. Yarn orders were slightly down in Europe but up in Brazil in comparison to Q4/2011. On an annual basis yarn orders were down both in Europe and Brazil. Fabric orders in Europe decreased as compared to the previous quarter but surged in Brazil. Year-on-year fabric orders rose slightly both in Europe and Brazil.

The estimates for global yarn and fabric production in the 2nd quarter compared to the 1st quarter of 2012 are positive. As far as yarn production is concerned especially Asia is expecting an increase in output while Europe, North and South America estimates are unchanged. Also global fabric production is expected to expand in Q2/2012 as a result of higher output in all regions. The outlook for Q3/2012 remains positive both for global yarn and fabric production. Regional-wise only in Europe fabric production is expected to fall further.

In comparison with the previous quarter, world yarn output dropped in Q1/2012 by -7.7% as a result of lower production in Asia (-9.0%), especially in China (-11.3%), where as a consequence of the Chinese New Year holidays less working days result. Nevertheless, also in Japan, Taiwan/China and Pakistan production decreased by -10.4%, -3.0% and -1.3%, respectively. In Europe, South and North America yarn production increased in Q1/2012 by +0.7%, +10.7% and +19.6%, respectively. Year-on-year global yarn production rose by +12.0% with output up in Europe (+2.1%), South America (+10.4%) and Asia (+13.0%) and down in North America (-8.6%). 

Compared with the previous quarter global fabric production dropped by -11.9% in Q1/2012 as a consequence of lower output in Asia (-14.2%), especially China (-20.2%) due to the Chinese New Year holidays. Also in Europe yarn output fell by -3.3%, while South America recorded an increase of +8.3%. In comparison to Q1/2011 world fabric production was down by -1.8% with all regions reporting decreases (Europe: -5.5%, South America: -5.4%, Asia: -1.3% and North America: -0.4%).

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

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

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 2017

January 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