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Global yarn and fabric output up q-o-q in Q2 2016: ITMF
10
Oct '16
Courtesy: ITMF
Courtesy: ITMF
Global yarn production increased by 8.5 per cent quarter-on-quarter (q-o-q) in Q2 2016, owing to a rise in output in Asia, Europe and South America, the International Textile Manufacturers Federation (ITMF) said in its 'State of Trade Report Q2/2016'. However, the estimates and outlook for global yarn and fabric output for Q3 and Q4 2016 are negative.
 
Global yarn stocks fell by 6.7 per cent quarter-on-quarter in Q2 2016. Yarn stocks reduced by 8 per cent in Asia, but they increased by over 3 per cent in South America. Year-on-year, global yarn inventories recorded a decrease of 6 per cent. Yarn orders in Europe fell by 2.6 per cent quarter-on-quarter and by 2.9 per cent year-on-year. In South America yarn orders improved significantly by over 11 per cent quarter-on-quarter and by over 87 per cent year-on-year, according to the report.
 
Global fabric production increased by over 8 per cent in Q2 2016 against Q1 2016 due to strong increases of 9 per cent each in Asia and South America. In contrast, Europe's fabric production decreased by 1 per cent quarter-on-quarter. Global fabric output fell by 0.7 per cent year-on-year in Q2 2016, with Asian output showing a moderate decline of 0.2 per cent. In Europe, output increased by over 4 per cent year-on-year, while it fell by nearly 16 per cent in South America, the report said.
 
In Q2 2016, worldwide fabric stocks fell by 1.4 per cent quarter-on-quarter. Fabric inventories were reduced by 0.2 per cent in Asia and by 4.7 per cent in South America. Year-on-year, fabric stocks declined by 6 per cent. European fabric orders decreased by 0.2 per cent quarter-on-quarter and 4 per cent year-on-year. In South America fabric orders rose by nearly 20 per cent on a quarterly basis, but declined by 11 per cent on yearly basis. (RKS)

Fibre2Fashion News Desk – India


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