Yarn inventories on world level fell marginally in Q1 2005 by 0.7%. Yarn stocks in Asia were reported to be higher (+1.0%), while inventories in Europe and South America were reduced
(-3.7% and -11.8%, respectively).
Year-on-year global yarn stocks grew by 13.8%, with higher stocks in North America (+30.2%), Asia (+15.0), Europe (+0.8%), and South America (+0.6%).
After a continuous built-up of fabric stocks in the last four quarters on world level, aggregate global stocks fell by 1.3% in Q1 2005 as all regions reported a curtailment.
In South America fabric inventories dropped by 4.4%, in Europe by 1.2%, and in Asia by 0.7%. Compared to Q1 2004, global fabric inventories were 4.6% higher in Q1 2005, mainly due to a strong increase in Asia (+19.4%).
Inventories in Europe were up by 1.5%, but down in North and South America (-3.1% and -4.5%, respectively).
After a strong decline in the previous Quarter, yarn and fabric orders in Brazil recovered partially (+3.6% and +4.5%, respectively). European yarn and fabric orders on the other hand reached its lowest levels in the past three years with reductions of 4.1% and 8.1%, respectively.
International Textile Manufacturers Federation
marketing@alchempro.com
