According to ITMF, Global yarn and fabric production are expected to stay stable in Q3/17 and increase in Q4/17.
According to International Textile Manufacturers Federation (ITMF) data, global yarn and fabric production in the second quarter of 2017. Global yarn production rose by 11%, a lower rate of growth compared to the last quarter. Yarn production increased in Asia, Europe and Brazil while a slight decrease has been observed in USA.
Global yarn stocks decreased by 1% in Q2/17. The stability of stocks is the result of the strong increase in Brazil (11.5%) and the sharp decrease in Egypt (12%). The stocks improvement is 13% in comparison to Q2/16 while yarn orders seen a decrease across all regions in the second quarter. Orders experienced a nearly 7% drop off.
Global fabric production has experience 9% increase in the second quarter of the year. Fabric production increased in Asia, Africa and Brazil while it remained relatively stable in USA and Europe. Worldwide fabric stocks rose slightly by 3.3%. Fabric stocks are still not at the same level of 2nd quarter of 2016, a 5% decrease is at hand.
According to ITMF, fabric orders increased
Brazil (13%) and Egypt (16%) contributed to the 9% increase in worldwide fabric orders. Asian and European fabric orders were pretty much stable in 2nd quarter while Brazil and Africa had an increase. Compared to the previous year’s same period, a sharp decrease of 21% can be monitored. Compared to previous year’s second quarter, Asian And Brazilian fabric orders are significantly decreasing while a slight increase has been obtained in Europe and Africa.
A steady trend is being forecasted for both yarn and fabric production in the 3rd quarter of 2017. And the increase signal is globally observed for the last quarter of the year for both yarn and fabric production.