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Yarn, fabric production sew up gains

January 11th, 2014 / By: / Industry News

Thread pixWith reported increases in global yarn and fabric production in the second quarter of 2013, and expectations for continued growth, there’s little expectation the market will be unraveling anytime soon. According to the International Textile Manufacturers Federation (ITMF), second-quarter global yarn production increased compared to the previous quarter as a result of higher output in Asia, North and South America; production remained practically unchanged in Europe.

Year-to-year comparisons found an increase in yarn production, with Asia and South America recording higher quantities, though Europe and North America showed a lower output. Worldwide, yarn stocks were up slightly higher because of higher inventories in Europe and Asia; stocks in South America were lower.

Fabric stocks were down globally also as a result of lower inventories in South America, although inventories were virtually unchanged in all other regions. In comparison to last year’s quarter worldwide fabric stocks fell due to lower inventories in South America, North America and Europe with stocks up in Asia. Fabric orders in Brazil soared in Q2/2013 but decreased in Europe. On a year-to-year basis, fabric stocks were up in Brazil, but down in Europe.

Estimates for the third quarter of 2013 and outlook for the fourth quarter of this year for global yarn and fabric output are positive in Asia and negative in Europe, according to the federation.

The Switzerland-based ITMF is an international association for the world’s textile industries.

www.itmf.org