Global yarn stocks were practically unchanged in Q1/2013 with Europe and Asia recording lower ones and South America slightly higher ones. Also on an annual basis yarn stocks practically did not change. Yarn orders in Europe and Brazil were up in the Q1/2013 in comparison to the previous quarter. On an annual basis yarn order increased in Europe but dropped in Brazil.
Global output of fabric decreased in the Q1/2013 due to lower production in South America and Asia which could not be set off with increases in Europe. On a year-to-year basis world fabric production was up as a result of higher production in Europe and Asia and despite a reduction in South America.
Fabric stocks fell worldwide in comparison the previous quarter due to reductions in South and North America and despite higher stocks in Asia. In comparison to last year’s quarter global fabric stocks fell also with lower stocks recorded in South America, North America and Europe which were not compensated by higher fabric stocks in Asia. Fabric orders in Q1/2013 rose in Brazil but fell in Europe. Year-on-year fabric orders were down both in South America and Europe.
Estimates for yarn production for the 2nd quarter 2013 compared to the 1st quarter of 2013 are positive in Asia and North America, neutral in South America and negative in Europe. Estimates for fabric production for the 2nd quarter 2013 are positive in Asia and Europe and neutral in South America.
The outlook for yarn production for the 3rd quarter 2013 compared to the 1st quarter 2013 is positive in Asia and North America, neutral in South America and negative in Europe. The outlook for fabric production for the 3rd quarter 2013 is positive in Asia and Europe and neutral in South America.
In comparison to the previous quarter world yarn output jumped in Q1/2013 by +21.7% compared to the previous one due to higher output in Asia (+23.6%) – particularly in China (+29.7%) – as well as North and South America (+5.0% and +3.0%, respectively). Production of yarn fell in Europe by -0.9%. Global yarn production increased year-on-year by +11.7%. While Asia (+13.0%), South America (+2.9%) and Europe (+1.4%) recorded higher output levels, yarn production dropped in North America (-18.9%).
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