World Yarn and Fabric Productions tend upwards
ITMF, the International Textile Manufacturers Federation has released the figures for the second quarter for the world yarn and fabric production for the second quarter of 2013. Additionally it published estimates on the third quarter and an outlook on the fourth quarter of the ongoing year
Global yarn production increased in the second quarter against the previous one, thanks to a higher output in Asia (+ 7.7 %) and particularly China (+9.9 %), North America (+4.8 %), South America (+3.1 %), whereas production in Europe remained practically unchanged (-0.1 %). In comparison with the same quarter of 2012 production increased by 7.0 % as a result of higher production levels in Asia (+7.6 %) and South America (+4.6 %), but decreasing production in North America (-7.6 %) in Europe (-1.7 %).
Estimates for yarn production and the third quarter are positive for Asia, neutral in North and South America, and negative in Europe. The outlook for yarn production for the fourth quarter is positive in Asia, neutral in Europe and South America.
Global yarn inventories were slightly up (+0.8 %) in the second quarter due to higher stocks in Europe (+4.4 %) and Asia (1.2 %). In South America stocks were down (-1.9%) On an annual basis inventories rose by 3.5 % since all regions reported higher stocks, namely Asia +2.7 %, Europe +0.9 % and South America +0.3 %.
Yarn orders fell in the second quarter in Europe (-5.5 %) and Brazil (-1.5 %). On a year to year basis, yarn orders decreased in Brazil (-15.8 %) and in Europe (-3.7 %).
Global fabric output tended in the second quarter 2013 upwards (+4.8 %), and against the first quarter, because of higher production in Europe (+0.4 %), South America (+3.0 %) and Asia (+5.4 %). In comparison to the same quarter of 2012 production increased in Asia (+9.6 %), Europe (+4.2 %), whereas the backlash in South America was distinct (-20.8 %).
Fabric orders were up in the second quarter in Brazil (+25.6 %) but down in Europe (-1.7 %), on an annual basis orders were increasing in Brazil (+1.2 %), however there was a drawback in Europe (-0.3 %).
Estimates for fabric production in the third quarter are earmarked positive in Asia, neutral in North and South America and negative in Europe and for the fourth quarter positive in Asia, neutral in Europe and South America.
Global fabric stocks fell in the second quarter by 2.2 %, because of lower inventories in South America (-7.8 %) and despite higher stocks in North America (+0.7 %). Global fabrics stocks were decreasing on a year to year basis by 4.6 %, thus lower stocks in South America (-20.0 %), North America (-2.3 %) and Europe (-1.8 %), whereas stocks were increasing in Asia by 1.1 %.