World yarn output up but fabric output down in Q1/2014

Global yarn production increased in Q1/2014 compared to the last quarter in 2013 due to higher output in Asia, North America, and Europe, and despite a drop in South America. On an annual basis yarn production increased as well even though output levels were lower in South and North America. Worldwide yarn stocks decreased slightly in comparison to the previous quarter as a result of lower inventories in South America and Europe. Year-on-year global stocks jumped with higher stock levels in Asia and Europe and despite lower ones in South America. Yarn orders in Europe and Brazil were up in Q1/2014. Compared to last year´s, quarter yarn orders were lower in Europe and in Brazil. Global fabric production was down in Q1/2014 as a consequence of lower fabric production in Asia with South America and Europe recording higher output levels. Year-on-year world fabric production decreased slightly with Asia´s output having shrunk and Europe´s and South America´s having grown. Worldwide fabric stocks were lower in Q1/2014 with South and North America recording lower stock levels and despite higher ones in Asia and Europe. On an annual basis fabric stocks fell as well as a result of decreasing stocks in South America and despite higher stocks in Asia, North America and Europe. Fabric orders rose in Q1/2014 both in Europe and Brazil. Also in comparison to last year´s first quarter fabric orders were up in Europe and Brazil.

Estimates for yarn production for Q2/2014 are positive in Asia and North America, unchanged in South America but negative in Europe. Estimates for fabric production for Q2/2014 are positive in Asia and Europe and unchanged in South America. The outlook for yarn production for Q3/2014 is positive in Asia and unchanged in Europe. The outlook for fabric production for Q3/2014 is positive in Asia and Europe. In Q1/2014 yarn orders jumped by +21.8 per cent in Brazil and by +1.0 per cent in Europe. Compared to last year´s quarter yarn orders were down in Europe (-4.2 per cent) and in Brazil (-0.5 per cent). In Q1/2014 fabric orders increased both in Brazil and Europe by +6.9 per cent and +5.1 per cent, respectively. Also on an annual basis fabric orders rose by +13.5 per cent in Brazil and by +6.6 per cent in Europe.