Year-on-year global fabric production jumped by +8.8% due to a significant higher output level in Asia (+13.3%) and despite reductions in Europe, North and South America (-1.1%, -11.7% and -15.7%, respectively).
Being up by +1.1%, global yarn stock levels reached the highest level in the past three years. The significant drop of yarn stocks in South America (-26.6%) was more than compensated by increases in Asia and Europe (+4.0% and +2.4%, respectively).
In comparison to the 3rd quarter of 2006, global yarn inventories were up by +10.9%, with Europe and Asia recording higher levels (+13.2% and +21.6%, respectively) while South America yarn stocks, on the other hand, dropped by -40.0%.
World fabric inventories in the 3rd quarter of 2007 were down by -16.0%. South America and Asia reported lower stocks (-12.2% and -21.1%, respectively); North America and Europe higher ones (+1.5% and +2.2%, respectively).
Year-on-year global fabric stocks fell by -31.0% with Asia, North and South America recording drops of -39.5%, -9.5% and -5.2%, respectively. Only fabric stocks in Europe were up by +2.2%.
The level of yarn orders both in Europe and Brazil fell by -3.2% and -2.9%, respectively, compared to the 2nd quarter of 2007. On an annual basis, yarn orders dropped in Europe and Brazil by -1.5% and -17.8%, respectively.
Fabric orders in Europe decreased by -3.5% but rose in Brazil by +3.2%. In comparison to the respective quarter in 2006, Europe's fabric orders were down by -3.0% while Brazil's were down by -7.7%.
International Textile Manufacturers Federation
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