As per International Textile Manufacturers Federation (ITMF) analysis global yarn production dropped in Q4 of 2013 in comparison to the previous quarter as a result of lower output in Asia, South and North America while production in Europe was up. Year-on-year global yarn production was up in all regions except South America. Worldwide yarn stocks rose due to higher inventories in Europe and Asia and despite lower ones in South America. On an annual basis global yarn stocks were up in all regions, except in South America. Yarn orders in Europe increased slightly but dropped in Brazil in Q4/2013. Compared to last year’s quarter yarn orders were lower both in Brazil and Europe.
Estimates for yarn production for Q1/2014 are positive in Asia, Europe, North and South America. Estimates for fabric production for Q1/2014 are positive in Asia, Europe and South America and negative in North America. The outlook for yarn production for Q2/2014 is positive in Asia and unchanged in Europe and South America. The outlook for fabric production for Q2/2014 is positive in Asia and unchanged in Europe and South America.
In comparison to the previous quarter world yarn output dropped in Q4 of 2013 by -15.4 per cent due to lower output in Asia (-16.1 per cent), South America (-14.7 per cent) as well as in North America (-6.7 per cent) and despite an increase in Europe (+4.6 per cent). In comparison to Q4/2012 global yarn production rose by +8.7 per cent as a result of higher production levels in Asia (+9.6 per cent), North America (+5.0 per cent), Europe (+0.7 per cent) irrespective of a decline in South America (-6.7 per cent).
Compared with the previous quarter global fabric production rose in Q4/2013 by +4.3 per cent with Europe and Asia recording higher outputs of more than 6.4 per cent and 5.6 per cent, respectively, while South America’s production fell by -15.3 per cent. Year-on-year global fabric production was up as well (+3.5 per cent) with Asia recording a production jump of +5.4 per cent and Europe of +2.0 per cent, while South America recorded a slump of -19.8 per cent. Fabric stocks were slightly higher globally as a result of higher inventories in North and South America, while stocks were reduced in Europe and Asia. In comparison to last year’s quarter worldwide fabric stocks fell due to lower inventories in South and North America while stocks rose in Asia and Europe. Fabric orders in Brazil and Europe decreased, but on an annual basis fabric stocks were up both in Brazil and Europe.
Estimates for yarn production for the first quarter of 2014 are positive in Asia, Europe, North and South America. Estimates for fabric production for Q1 are positive in Asia, Europe and South America and negative in North America. The outlook for yarn production for Q2/2014 is positive in Asia and unchanged in Europe and South America. The outlook for fabric production for second quarter is positive in Asia and unchanged in Europe and South America.
