Global Fabric Production Saw Year-on-Year Down in Q2/2011

Feb 09, 2012  |  by
The International Textile Manufacturers Federation (ITMF) released its latest State of Trade Report, indicating that the year-on-Year global fabric production witnessed a decrease in the first two quarters in the year of 2011, and it estimated that the yarn and fabric would see a negative growth in for Q3, but outlook positive for Q4.
 
“In comparison to the previous quarter, only as a result of higher output in Asia in general and China in particular, the global yarn production increased in the second quarter of 2011”, according to the statistics released by ITMF, “also global fabric production rose in the second quarter due to higher output in Asia and South America, while production in Europe and North America fell.”
 
It is important to note that production in the first quarter in China is traditionally lower as a result of fewer working days due to the Chinese New Year holidays. Compared with the previous year, global yarn production increased somewhat due to the higher output in Asia and North America and despite lower production in South America and Europe, while global fabric production dropped with all regions suffering declines except for South America.
 
Global yarn stocks soared in the second quarter of 2011 compared with the previous quarter especially due to higher stocks in South America and Asia, while those in Europe and North America remained practically unchanged.
 
Year-on-year yarn inventories jumped, especially in Asia and South America. Fabric stocks were up in North and South America in the second quarter of 2011 as compared to the previous one, while those in Europe and Asia fell slightly.
 
On an annual basis fabric stocks jumped in North and South America, irrespective of slight falls in Europe and Asia. Global yarn and fabric orders fell in Europe and Brazil both in comparison with the previous quarter and with the second quarter of 2010.
 
The estimate for yarn and fabric production in the third quarter of 2011 in most countries is either negative or unchanged; while, in the fourth quarter the outlook for yarn and fabric production improves with most countries seeing higher or unchanged output levels.
 
Comparing with the previous quarter, the global yarn production ascended by 12.2% in the second quarter of 2011: of them, Asia recorded an increase of +13.9%, all other regions witnessed decreases respectively (South America -7.3%, Europe -6.5% and North America -3.1%).
 
Correspondingly, the year-on-year global yarn production rose slightly by 1.0%, due to higher output in Asia and North America by +1.8% and +0.4%, respectively, and despite lower levels in Europe (-8.3%) and in South America (-16.3%).
 
In terms of the fabric productions, compared with the first quarter in 2011, the global fabric production saw a rise of 4.4% in the second quarter of 2011: of them, the fabric production increased by 5.1% in Asia and by 3.6% in South America, but down in Europe and North America (-1.3% and -0.4%, respectively).
 
In comparison to last year’s second quarter, the global fabric production was down by 6.0%. In terms of different regions, only South America recorded an increase (+7.7%), while North America, Asia and Europe fabric production was reduced by 8.8%, 7.3% and 3.4%, respectively.
 
Yarn inventories soared worldwide by 16.4% in the second quarter of 2011 compared to the previous one. In South America and Asia they jumped by 39.9% and 21.8%, but remained almost unchanged in Europe and North America.
 
On an annual basis global yarn stocks were up by 21.2%. Especially in South America and Asia yarn inventories saw a rise of 82.8% and 26.1%, respectively, while in Europe and North America, they were unchanged.
 
Comparing with the first quarter in the year of 2011, the global fabric inventories rose in the second quarter of 2011 by 8.1%. In South America and North America they jumped by 56.8% and 9.2%, respectively, but fell in Asia (-3.5%) and Europe (-0.6%).
 
Furthermore, in comparison to the statistics in last year’s second quarter, the global fabric inventories increased by 8.1%: in South America they were up by 44.6% and in North America by +12.9%, whereas they fell in Asia by -1.6% and in Europe by -0.4%.
 

As compared with the statistics in the first quarter in 2011, the yarn and fabric orders in Europe were slightly down by 0.4% and 1.2%, respectively in the second quarter: in Brazil they plummeted by 30.4% and 10.5%, respectively. And, on an annual basis, the yarn and fabric orders were unchanged in Europe, but dropped in Brazil by 40.0% and 18.7%, respectively.

2024.12   

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