The first quarter 2007 brought slightly higher global fabric production with Asia and South America recording higher and Europe lower output levels. World yarn production remained unchanged with Asia reporting a slight increase which was offset by lower outputs in South and North America.
After a surge in the fourth quarter of 2006 resulting in a record high in the past three years global yarn stocks fell due to slight reductions in Asia and Europe and despite an increase in South America. Inventories of fabrics fell in all regions, especially in Asia and Europe. Yarn and fabric orders in Europe remained almost unchanged while they fell in Brazil.
Global yarn production in the first quarter of 2007 remained stable. While Asia recorded an increase of +0.8% both North and South America reported lower yarn output (-1.1% and -5.2%, respectively).
Year on year yarn world production fell slightly by -0.4% with significant curtailments in North and South America (-28.6% and -13.5%, respectively) which were almost compensated by increases in Europe and Asia (+0.4% and +7.4%, respectively).
Compared to the previous quarter the first quarter of 2007 showed an increase in global fabric output of +1.0% with Asia and South America experiencing slight increases of +2.0% and +1.9% whereas Europe's production decreased by -1.8%.
On an annual basis global fabric production rose by +2.6% despite the fact that only Asia recorded an increase (+16.7%) while Europe, South and North America were faced with partially strong reductions (-5.6%, -8.3% and -31.3%, respectively).
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