ITMF’s figures on world Yarn and Fabric Production in third quarter 2013

ITMF’s figures on world Yarn and Fabric Production in third quarter 2013

Global yarn production increased in the reporting quarter in comparison to the preceding quarter due to a higher output in Asia, North and South America, but fell in Europe. The outlook for the 4th quarter is positive. Global fabric output was up thanks to higher production in South America and Asia, despite lower output in Europe, and outlook for the last quarter 2013 is positive

Yarns

Global Yarn production on an annualised basis was up with all regions recording higher output levels. Worldwide yarn stocks were slightly lower due to lower inventories in South America, Asia and Europe in the third quarter.  Annualised stocks were up with all regions recording higher inventories. Yarn orders in Europe and Brazil were tending upwards, but compared to the same period in 2012 yarn orders were higher in Europe, but lower in Brazil.

Fabrics

Global fabric output was up in the 3rd quarter thanks to higher production in South America and Asia, despite lower output in Europe. Annualised fabric production rose in Asia and Europe, but dropped in South America. Annualised fabric stocks were slightly higher as a result if higher inventories in Europe and Asia, while stocks were reduced in South and North America. In comparison to the same quarter of 2012, fabric stocks were down due to lower inventories in South and North America, but up in Europe and Asia. Fabric orders rose in the reporting quarter, but decreased in Asia. On annual basis, fabric stocks were up in Brazil and Europe.

STR-3-2013-1

Source: ITMF

 

Outlook

Yarns

Estimates for yarn production for the 4th quarter 2013 are positive in Asia and Europe, unchanged in North and South Americas. The outlook for yarn production in the first quarter of 2014 is slightly positive in Asia, but unchanged in Europe and South America.

In the reporting quarter as against the previous quarter yarn output rose by 2.8 % due to higher output in South America (+ 3.0%), Asia (+2.9 %) and North America (+2.3 %), whereas in Europe results a drop of 2.8 %.

On an annualised basis global yarn production rose by 2.3 %, due to higher production levels in South America (+5.0 %), North America (+4.7 %), Europe (+3.-1 %) and Asia (+2.2 %).

Yarn inventories were slightly (-0.6 %) down in the reporting quarter due to lower stocks in South America (-3.3 %), Europe (-0.3 %) and Asia (-0.2 %). On an annual basis, global yarn inventories rose by 9.4 % and for all regions, Asia + 10.3 %, Europe 0.6 % and South America0.4 %.

Yarn orders in Europe (+36.9 %) and Brazil (+ 2.0 %) increased, and as against the same quarter in 2012, yarn orders surged in Europe by 35.6 %, but dropped Brazil by 11.1 %.

Fabrics

Estimates for fabric production in the 4th quarter 2013 are positive for Asia and South America, but unchanged for Europe.

Fabric production rose in the 3rd quarter 2012 by 2.9 %, with South America (4.3 %) and Asia (3.7 %) recording higher outputs, but a fall of 7.2 % in Europe. On an annual basis global fabric production was up (6.6 %), with Asia recording a production jump of 9.3 % and Europe 3.2 %, while South America recorded a slump of 19.5 %.

Global fabric stocks increased in the reporting quarter by 0.3 %, resulting from higher inventories in Europe (1.3 %) and Asia (+0.5 %), but lower stocks in South America (0.6 %) and North America (0.2 %). Annualised stocks were down by 4.8 % due to lower stocks in South America (-22.3 %) and North America (-2.1 %), on the other hand stocks in Europe (+1.5 %) and Asia (+1.1 %) were increasing.

Fabric orders rose in the quarter in Europe by 1.2 %, but were down in Brazil by 0.1 %. Annualised orders were up in Brazil (8.8 %) and Europe (4.1 %).

www.itmf.org


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