According to ITMF, an international association for the world’s textile industries, global yarn production jumped in the first quarter of 2013 in comparison to the previous quarter as a result of higher output in Asia, North and South America.
Also on an annual basis global yarn output rose resulting from higher output in Asia, South America and Europe while production decreased significantly in North America.
Global yarn stocks were practically unchanged in first quarter 2013. Yarn orders in Europe and Brazil were up in the first quarter 2013 in comparison to the previous quarter. On an annual basis yarn order increased in Europe but dropped in Brazil.
Global output of fabric decreased in the first quarter 2013 by 8%, compared with the previous quarter, due to the lower production in South America and Asia. On an annual basis world fabric production was up by 5.3% as a result of higher production in Europe and Asia and despite a reduction in South America.
Fabric stocks fell by 1.1% worldwide in comparison the previous quarter, as they dropped in South America by 9.6% and in North America by 1.4%, while Asia recorded higher stocks. In comparison to last year’s quarter global fabric stocks also fell by 3.9% with lower stocks in South and North America, with an increase in Asia by 1.2%.
Brazil showed an increase in fabric orders in the first quarter 2013 by 17.9%, however, recording a decrease by 14% on an annual basis, with Europe estimates growing by 3.6%.
In comparison to the previous quarter world yarn output jumped in the first quarter 2013 by 21.7%, with the higher output in Asia, particularly in China, were it increased by 29.7%, as well as North and South America.
Global yarn production increased on an annual basis by 11.7%, with Asia showing a 13% growth, South America seeing a 2.9% increase and Europe recording 1.4% higher output levels. Yarn production dropped in North America by 18.9%.
Yarn orders in Europe and Brazil were higher in the first quarter 2013 in comparison to the previous quarter. On an annual basis yarn orders also jumped in Europe by 16.2% but plummeted in Brazil by 17.6%.
The outlook for yarn production for the third quarter 2013 compared to the first quarter 2013 is positive in Asia and North America, neutral in South America and negative in Europe.
The outlook for fabric production for the third quarter 2013 is positive in Asia and Europe and neutral in South America.
Author: Billy Hunter