In comparison with the previous quarter, world fabric production rose in the second quarter by 11.3%. Asia and South America recorded higher output growths of 13.2% and 2.9%, respectively, while Europe’s production declined by 0.5%.
Despite a drop in Europe, global yarn output rose in the second quarter of 2104 from its previous quarter, due to higher yarn production in Asia, #
Year-on-year, world fabric production in the second quarter of 2014, rose by 5.5%, with all regions contributing to this growth, especially Asia with 6.2% followed by Europe 3.7% and South America 0.9%.
Global yarn inventories were practically unchanged in the second quarter of 2014 with Asia’s inventories going up by 1.2% and South America’s and Europe’s falling by 9.8% and 1.2%, respectively, in comparison with the previous quarter.
On an annualised basis, global yarn inventories jumped by 9.5%, due to a surge in Asia by 13.5% and a slight increase in Europe of 1.2%, and also despite a drop in South America of 20.3%.
Global fabric stocks in the reporting quarter fell by 2.4% from the previous quarter. In South America and Europe inventories fell by 9.8% and 6.1%, respectively, whereas, fabric stocks slightly increased in Asia by 0.7% and in North America by 0.2%.
In comparison to last year’s quarter, world fabric stocks decreased by 3.1%, with reductions in South America by 13.7% and Europe 4.1%, which were not offset by increases in Asia of 1.1% and North America 0.7%.
In the quarter under review, yarn orders in Brazil were up by 7.5% and down in Europe by 4.1%, both from the previous quarter. On an annualised basis, yarn orders increased in Brazil by 8.5% and fell in Europe by 3.1%.
Fabric orders rose in Brazil in comparison to the previous quarter by 7.5% but were down in comparison to last year’s second quarter by 2.9%. In Europe, fabric orders were lower in the second quarter, compared to the first quarter of 2014 by 3.7%, but higher on an annual basis by 2.2%. (AR)
Fibre2fashion News Desk - India
marketing@alchempro.com
