Being up by +2.4%, global yarn stock levels reached the highest level in the past three years. The significant drop of yarn stocks in South America (-27.0%) was more than compensated by increases in Asia and Europe (+5.6% and +3.9%, respectively). In comparison to the 2nd quarter of 2006 yarn inventories were up in Europe and Asia (+8.0 and +23.3%, respectively). South America yarn stocks fell by -17.7%.
World fabric inventories in the 2nd quarter of 2007 were up by +0.8% with Asia and South America reporting higher figures (+0.7% and +21.7%, respectively) and North America and Europe lower ones (-3.2% and -7.2%, respectively). Year on year global fabric stocks fell by -21.3%. Europe reported a drop of -42.4%, Asia one of -15.6% and North America one of -10.5%. Only fabric stocks in South America were up by +9.8%.
The level of yarn orders both in Europe and Brazil rose by +1.1% and +4.0%, respectively compared to the 1st quarter of 2007. On an annual basis orders fell by -1.2% in Europe and -18.0% in Brazil. Both Europe and Brazil recorded higher fabric orders compared to the previous quarter (+2.6% and +8.5%, respectively). In comparison to the respective quarter in 2006, Europe's fabric orders were up by +1.7%, while Brazil's were down by -11.9%.
International Textile Manufacturers Federation
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