Higher world yarn & fabric production increase in global stocks
28 Oct '06
3 min read
Global yarn production reached its highest level in three years in the Second Quarter of 2006 as a consequence of higher Asian output.
Also global fabric production recorded an increase compared to the previous quarter due to a higher output in South America and despite slightly lower output levels in Asia and Europe. Nevertheless, output was still significantly below the level of the Second Quarter of 2005.
With regard to fabric stocks a continuous rise could be observed in the past three years fed mainly by higher Asian stocks. In the Second Quarter 2006 the highest level of world yarn stocks was registered since three years as a result of rising Asian and South American inventories.
Yarn orders continued to rise in Brazil but were again slightly lower in Europe, while fabric orders recovered to a certain degree in Brazil but fell in Europe.
The Second Quarter of 2006 experienced an increase in yarn output of +2.3 percent compared to the previous one due to higher output in South America (+4.0 percent), Europe (+3.2 percent) and Asia (+2.3 percent).
On an annual basis global yarn production rose by +1.3 percent with South America and Asia expanding their production (+7.9 percent and +1.5 percent, respectively) on the one hand and Europe and North America experiencing reductions (-1.2 percent and -1.1 percent, respectively) on the other.
The global increase in fabric production in the Second Quarter of 2006 (+1.0 percent) was driven by a jump in output in South America (+9.3 percent), whereas Europe and Asia experienced lower production levels (-1.6 percent and -0.2 percent, respectively).
marketing@alchempro.com
