;
Home / Knowledge / News / Textiles / Global yarn & fabric production decreased in Q4/17: ITMF
Global yarn & fabric production decreased in Q4/17: ITMF
16
Jun '18
Courtesy: ITMF
Courtesy: ITMF
Global yarn production decreased by 23 per cent between Q3 of 2017 and Q4 of 2017, while yarn orders increased by around 7 per cent during the same period, the International Textile Manufacturers Federation (ITMF) said in its ‘State of Trade Report Q4, 2017’. The quarter saw fabric orders dropping by 23 per cent leading to a growth in stock.

During October-December 2017, yarn output reduced in Brazil, Asia and the US by 23 per cent, 14 per cent and 4 per cent, respectively. This was balanced out by a 12 per cent increase in Africa and 15 per cent increase in Europe. In the first quarter of 2018, all surveyed countries, except Brazil and Germany, expect a decrease in yarn production.

Global Yarn orders increased on average 7 per cent between Q3 and Q4 of 2017. The 8 per cent order contraction in South Korea was compensated by positive trends in the other reporting countries.

In terms of yarn stocks, there was a drop of 11 per cent in Brazil, 9 per cent in Egypt, and 4 per cent in Europe. However, there was a 3 per cent rise in yarn stocks in Asia. “Altogether, yarn stocks reached 96 per cent of their previous year level for the same quarter,” the ITMF report said.

Global fabric production decreased by 2 per cent during the quarter under review. “A respective 12 per cent and 2 per cent contraction in Brazil and Asia drove the world average in the negative range. Fabric output, however, increased by 6 per cent and 10 per cent in Africa and Europe respectively. The world output level reached 95 per cent of its Q4 2016 level. Europe and Brazil are expected to increase production in Q1 2018,” the report said.

On average, fabric orders fell by 23 per cent between Q3 2017 and Q4 2017 in the countries under review. The growth of 11 per cent and 2 per cent in Egypt and Europe was not sufficient to compensate for the 31 per cent reduction in Brazil. The global index for fabric orders decreased by 3 per cent since Q4 2016.

In Q4 2017, the global fabric stock level grew by 3 per cent. This increase was driven by Brazil (+15 per cent) and brought the index of fabrics stocks 3 per cent above the Q4 2016 level. In 2017, stocks have been stable in Asia and the US. They increased steadily in Europe and Brazil and constantly decreased in Egypt. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam targets $40 bn in textile-garment exports in 2019

Apparel/Garments | On 22nd Jan 2019

Vietnam targets $40 bn in textile-garment exports in 2019

The Vietnam Textile and Apparel Association (VITAS) has set a target...

Myanmar RMG units exporting to EU rose by 180 in 5 yrs

Apparel/Garments | On 22nd Jan 2019

Myanmar RMG units exporting to EU rose by 180 in 5 yrs

The number of readymade garment (RMG) factories in Myanmar that...

Courtesy: Microsoft

Textiles | On 22nd Jan 2019

Microsoft India launches e-com site for handloom weavers

Microsoft India recently launched a new e-commerce platform,...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search