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Global yarn and fabric output up in Q3 2016: ITMF
07
Feb '17
Courtesy: ITMF
Courtesy: ITMF
Global yarn production increased in Q3 2016 both on quarter-on-quarter and on year-on-year basis as output rose in Asia and South America. Global fabric production too increased in Q3 2016 against Q2 2016 and Q3 2015, again due to rise in output in Asia and South America, the International Textile Manufacturers Federation (ITMF) said in its latest report.
 
In Q3 2016, global yarn production increased by 3.4 per cent quarter-on-quarter, as Asian yarn output strengthened by 3.7 per cent quarter-on-quarter and by 2.6 per cent in South America. In Europe and North America, however, yarn output fell by 13.3 per cent and 1.4 per cent, respectively.
 
Global yarn output increased by 3.7 per cent in Q3 2016 versus Q3 2015. In Asia, yarn output improved by 3.5 per cent year-on-year and in South America by 21 per cent. In Europe and North America, yarn output declined by nearly 4 per cent year-on-year and by 7.8 per cent, respectively. 
 
Global fabric production increased by over 3 per cent in Q3 2016 against the previous quarter. While Asian and South American output grew by over 4 per cent each, European fabric production fell by nearly 15 per cent quarter-on-quarter. Year-on-year, global fabric output improved moderately by 0.6 per cent in Q3 2016, as Asian production increased by 0.6 per cent and South America’s output improved by 4.7 per cent. Europe’s fabric output fell by nearly 7 per cent year-on-year.
 
Global yarn inventories increased in Q3 2016 by 4.8 per cent quarter-on-quarter with increases of 5.7 per cent in Asia. In contrast, in South America inventories fell by 1.4 per cent.  In Q3 2016, the annual percentage change of global yarn inventories recorded a decrease of nearly 6 per cent, though European yarn stocks increased by 5 per cent year-on-year. Asian yarn stocks, however, fell by nearly 7 per cent annually and South American stocks reduced by 0.6 per cent.
 
Worldwide fabric stocks fell by 1.4 per cent quarter-on-quarter in Q3 2016, mainly due to nearly 8 per cent decline in South American stocks. In Asia and North America, fabric stocks increased moderately. On a yearly basis, global fabric inventories in Q3 2016 decreased by 5 per cent. Asia’s fabric stocks decreased by 0.4 per cent annually and South America’s inventories fell by over 16 per cent. In Europe stocks declined by over 2 per cent, while in North America they increased by 0.8 per cent year-on-year. 
 
In Q3 2016, European yarn orders fell by 5 per cent quarter-on-quarter and by 2 per cent year-on-year. In South America, they fell by over 11 per cent quarter-on-quarter and increased by over 100 per cent year-on-year. European fabric orders in Q3 2016 fell by nearly 10 per cent quarter-on-quarter and by 11.5 per cent year-on-year. South American fabric orders in Q3 2016 fell by 3 per cent quarter-on-quarter and increased by 10 per cent year-on-year. (RKS)

Fibre2Fashion News Desk – India


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