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Global fabric output declines in Q1/2017

Jul 28, 2017
Global fabric output declines in Q1/2017

The global yarn production improved in Q1/2017 quarter-on-quarter. Thereby, output in Asia, North America and South America improved, and it declined slightly in Europe. On an annual basis, the global yarn production in Q1/2017 increased versus Q1/2016. Global yarn stocks declined in Q1/2017 quarter-on-quarter with the most significant decline in South America. Also year-on-year, global yarn stocks fell slightly. Quarter-on-quarter yarn orders in Europe increased, while in South America they decreased. Compared to the same quarter a year ago, yarn orders also decreased in South America and increased in Europe.

Global fabric production declined in Q1/2016 against Q4/2016 due to decreases in Asia, South America and in Europe. Global fabric output improved year-on-year in Q1/2017 despite a decrease in Europe. In Q1/2017, worldwide fabric stocks fell quarter-on-quarter, with the most significant change in South America. Year-on-year, fabric stocks declined. European fabric orders remained fairly stable quarter-on-quarter while they rose in South America. On a yearly basis, South America’s fabric orders declined significantly while they slightly increased in Europe.

In Q1/2017, global yarn production rose by almost 30 per cent quarter-on-quarter mainly due to the 31.8 per cent increase in Asia. In North and South America yarn production increased by 13 per cent and 3.5 per cent, respectively. In Europe, there was a slight decline by 1.2 per cent. Global yarn output increased by 1.9 per cent in Q1/2017 versus Q1/2016. In Asia, yarn output improved 2.1 per cent year-on-year while in South America it declined by 4 per cent and rose by 0.6 per cent in North America. In Europe yarn output increased by 1.6 per cent year-on-year.

Global fabric production fell by almost 15 per cent in Q1/2017 against the previous quarter, with the most significant decrease by almost 17 per cent in Asia. Year-on-year, global fabric output improved by 1.9 per cent in Q1/2017. Thereby, Asian production increased by 2.6 per cent and South America’s output improved by 2.2 per cent. Europe’s fabric output fell by 8.7 per cent year-on-year.

Read full report in September edition of ITJ