A focus on the global yarn and fabric situation
According to an ITMF International Textile Manufacturers Federation (CH) the global yarn output fell in the first quarter 2022 mainly due to the lower output in China, where production is traditionally lower in this time of the year and also because of fewer working days due to the Chinese New Year holidays. In fact, all other geographical areas, with the exception of North America recorded an increase as compared to the same period of 2011
Global fabric production fell in comparison to the first quarter and last quarter 2011 in the first quarter of 2012, the only exception was South America. Fabric stocks fell slightly against the fourth quarter of 2012, but on a year on year basis they increased because of higher inventory in South and North America and despite lower stock levels in Europe and Asia. Fabric orders in Europe decreased as compared to the last quarter of 2011 but surged in Brazil. Against the last quarter of 2011 global fabric production dropped by 22.9 % because of the lower output in Asia (-14.2 %) and China (-20.2 %), Europe (-3.3 %), while South America recorded an increase of 8.3 % and on an annual basis the world fabric production decreased by 1.8 % and all of the regions accounted for this negative result: Europe -5.5 %, South America -5.4 %, Asia -1.3 % and North America -0.4 %. Global fabric stocks decreased 0.4 % due to lower inventories in Europe (-0.4 %) and North America (-5.6 %), while inventories in Asia and South America remained unchanged. On an annual basis inventories increased 14.0 %, mainly because of soaring stocks in South America (+92.1 %), North America (+6.7 %), however in Europe there was a stock decrease of 0.4 % and in Asia 3.5 %. Fabric orders diminished in Europe by 0.7 % in the first quarter of 2012 whereas they increased in Brazil by 18.7 %. On an annual basis they were up both in Brazil (+0.5 %) and Europe (+0.9 %).
Yarn stocks fell in the first quarter 2012 against the fourth quarter of 2011 in all regions, as well as yarn stocks dropped in Asia (-10.1 %) but were higher in Europe (+0.4 %) and South America (+9.5 %). Yarn orders were slightly down in Europe but up in Brazil against the fourth quarter 2011, however on an annual basis yarn orders were down both in Europe and Brazil. Yarn output dropped by 7.7 % as a result of the lower production in Asia (-9.0 %), foremost in China (-11.3 %) but also in Japan (-10.4 %), Taiwan/China (-3.0 %) and Pakistan (-1.3 %) there was less production noted. In Europe (+0.7%), South (+10.7 %) and North America (+19.6 %) the yarn production increased. On an annual basis the yarn production increased12 % thereof in Europe + 2.1 %, South America + 10.4 % and Asia + 13.0 % and a decrease of 8.6 % is reported from North America. Yarn orders decreased in Europe by 0.7 %, but increased by 7.3 % in Brazil. On an annual basis Brazil increased by 0.5 % and Europe 0.9 %.