Global yarn output rises 6.3% in Q3/2014: ITMF

14 Feb '15

2 min read

Global yarn production witnessed a rise of 6.3 per cent in Q3/2014 in comparison to Q3/2013. This was supported by an increase of 7.3 per cent in output in Asia, whereas the other regions saw declines of 3.1 per cent annually in Europe, 2.4 per cent in North America and 12.3 per cent in South America, the International Textile Manufacturers Federation (ITMF) said in its ‘State of Trade Report Q3/2014’.

However, compared to the previous quarter, global yarn production fell 1.3 per cent in Q3/2014 due to lower output in Asia and Europe, which decreased by 1.4 per cent and 5.7 per cent respectively. During the same period, the yarn production in North America increased moderately by 1.1 per cent, while in South America it recorded a strong rise of 5.7 per cent.

On an annual basis, global yarn inventories rose by 3.7 per cent due to a strong increase in Asia (5.5 per cent). In Europe and South America yarn stocks were reduced by 2.1 per cent and 11.2 per cent respectively, said ITMF.

In Q3/2014 yarn orders in Brazil were up by 5.7 per cent quarter-on-quarter and by 0.5 per cent in Europe. On an annual basis yarn orders increased in Brazil by 12.5 per cent and fell in Europe by 0.3 per cent.

“Estimates for yarn production for Q4/2014 are positive in Asia and Europe, while in North and South America they are negative,” states the report.

It further adds, “The outlook for yarn production for Q1/2015 is positive in Europe and unchanged in Asia.” (RKS)

Fibre2fashion News Desk - India

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