Global yarn & fabric output up

Global yarn production increased in Q2/2014 compared to the previous quarter due to higher output in Asia, South and North America and despite a drop in Europe. Also on an annual basis yarn production increased though only as a result of higher output in Asia with South America, North America and Europe recording reductions. It has to be pointed out that Asia´s production is traditional significantly higher in the second quarter compared to the first one as a result of fewer working days in China in the first quarter due to the Chinese New Year holidays.

Worldwide yarn stocks remained practically unchanged in Q2/2014 in comparison to the previous quarter with stocks falling in South America and Europe which were offset by higher inventories in Asia. Year-on-year global yarn stocks jumped due to higher inventories in Europe and especially in Asia and in spite of plummeting inventories in South America. Yarn orders in Q2/2014 were up in Brasil but down in Europe both in comparison to the previous quarter and year-on-year.

Global fabric production rose in Q2/2014 with all regions except Europe contributing to this growth. On an annual basis world fabric production was up as well with Asia, Europe and South America recording higher output. World fabric stocks in Q2/2014 were lower due to decreases in inventories in South America and Europe, while inventories in Asia and North America increased slightly.