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Global fabric production rises 1.3% in Q3/2014: ITMF
18
Feb '15
Worldwide fabric production increased by 1.3 per cent year-on-year in Q3/2014 due to improved output in Asia and Europe, the International Textile Manufacturers Federation (ITMF) said in its ‘State of Trade Report Q3/2014’.
 
In Asia, fabric output increased by 2 per cent year-on-year in Q3/2014, while it increased by 2.9 per cent in Europe. In South America, however, fabric production fell by 11.4 per cent annually.
 
However, compared to the previous quarter, global fabric production fell by 1.3 per cent in Q3/2014, with all regions showing declines. The strongest decline was recorded in South America with 8.3 per cent followed by Europe with 7.6 per cent. In Asia fabric output fell moderately by 0.4 per cent.
 
World fabric stocks were reduced by 1.9 per cent year-on-year in Q3/2014. While fabric stocks were raised by 0.8 per cent in Asia and 1.8 per cent in North America, they fell by 0.7 per cent and 9.8 per cent in Europe and in South America respectively.
 
On quarter-on-quarter basis, world fabric stocks increased by 1.4 per cent, with all regions supporting this development. Stocks in Europe rose the strongest by 4.8 per cent, followed by gains of 4 per cent in South America, 0.4 per cent in North America and 0.2 per cent in Asia.
 
In Q3/2014, fabric orders climbed by 12 per cent in Brazil on an annual basis whereas they declined by 3.6 per cent in Europe. Compared to the previous quarter, fabric orders in Q3/2014 rose by 5.7 per cent in Brazil, while they fell by 3.4 per cent in Europe.
 
Estimates for fabric production for Q4/2014 are positive in Asia and Europe. However, in South America they are negative. The same pattern applies to the outlook for fabric production for Q1/2015, which is positive in Europe and unchanged in Asia. (RKS)
 

Fibre2fashion News Desk - India


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