Decline In Global Textile And Yarn Production
The International Federation of textile manufacturers reported that a strong rebound in global yarn and fabric production could be seen. Production fell to a trough in the first quarter of 2009, and the downward trend of production ended in the first quarter of 2010. Compared with the fourth quarter of 2009, the output of yarn and fabric decreased significantly, but it remained at a fairly high level compared with the first quarter of 2009. Asia's yarn and fabric output declined particularly, but European output also declined, while in North America and South America, output was stable or increased in the previous quarter. The decrease in global yarn was mainly due to a decrease in inventory in South America, while stocks in other regions remained almost unchanged. The increase in global fabric inventories is due to an increase in inventories in Asia and South America and a slight increase in European inventories. South American yarn orders have increased, but Europe remains unchanged. Orders for European fabrics increased and South America grew significantly.
In the first quarter of 2010, world yarn production decreased by -12.8% compared with the previous quarter.
The main reason is China's reduction (-17.5%).
Europe also reduced -4.0%, while North America and South America increased by + 5. 1% and + 17. 4% respectively.
Compared with the fourth quarter of last year, average production in all regions increased.
The growth rate was + 60. 4%, while the yarn production in South America increased significantly. However, Europe's output growth (+20,1%), Asia Growth (+ 14. 6%) and North America growth (+ 1. 5%).
In the first quarter of 2010, global fabric production decreased by -9.7%.
The output of Asia and Europe decreased by -11.4% and -3.6%, respectively.
The main reason is that the output of Chinese fabrics is reduced by 16. 4 percent.
North America and South America reported stable yields and output increased by + / -0% and 5.3% respectively.
Nevertheless, global fabric output increased by + 3. 3% over the same period last year.
Only North American fabric production decreased by -9.2% during this period, and output in other regions increased.
European fabric production increased by + 20. 3%, and South America's output increased by + 4.
World yarn inventories fell slightly by 0.8% in the first quarter of 2010.
South America dropped 4.8 percent, and Europe and Asia decreased by -0.9% and -0.6% respectively.
World yarn inventory fell 7. 7 percent year-on-year, of which South America dropped - 31. 4 percent, Asia down -8.1%, Europe down -4.7%.
In the first quarter of 2010, global fabric inventories grew by + 3. 3%, of which Asia, South America and Europe increased by + 4. 4%, + 4. 0% and + 0. 8% respectively.
Only North American fabric inventories were reduced by 0. 6%.
Compared with the first quarter of last year, the global fabric inventories increased significantly, while South America and growth increased by + 3. 6% and + 11. 7% respectively.
Fabric inventory in North America and Europe decreased by -15.2% and -1 3% respectively.
European yarn orders remained unchanged in the first quarter, while fabric orders increased slightly by + 1. 5%.
Brazil yarn orders grew by + 7. 2%, while fabric orders jumped 3. 3%.
European and Cretaceous yarn orders increased by + 15. 5% and + 25. 3% respectively over the same period.
Meanwhile, orders for fabrics in Brazil and Europe grew by + 9. 5% and + 18. 1% respectively.
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