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Decrease in yarn and fabric production in Q4/17:ITMF

"All surveyed countries, apart from Brazil and Germany, expect a decrease in yarn output in the first quarter of 2018. Global yarn stocks were stable between the third and fourth quarter of 2017. A reduction in Brazil of 11 per cent, Egypt of 9 per cent, and Europe 4 per cent was cancelled out by a 3 per cent increase in Asia. Altogether, yarn stocks reached 96 per cent of their previous year level for the same quarter. Yarn orders increased on average between the third and fourth quarter of 2017. The order contraction in Korea Rep. has been compensated by positive trends in the other reporting countries."

 

Decrease in yarn and fabric production in Q4 17 002The International Textile Manufacturers Federation (ITMF) is an international forum for the world's textile industries, dedicated to keeping the world-wide membership constantly informed through surveys, studies and publications, participating in the evolution of the industry's value chain and through the organisation of annual conferences as well as publishing considered opinions on future trends and international developments.

The ITMF recently published its State of Trade report for the fourth quarter of 2017. As per the report, global yarn production decreased by 23 per cent between the third and fourth quarter of 2017. Output reductions in Brazil by 23 per cent, Asia by 14 per cent, and the U.S.A. by 4 per cent balanced out the increase in Africa by 12 per cent and Europe by 15per cent.

Stable stocks

All surveyed countries, apart from Brazil and Germany, expect a decrease in yarn output in the first quarter of 2018. Global yarn stocks were stableDecrease in yarn and fabric production in Q4 17 001 between the third and fourth quarter of 2017. A reduction in Brazil of 11 per cent, Egypt of 9 per cent, and Europe 4 per cent was cancelled out by a 3 per cent increase in Asia. Altogether, yarn stocks reached 96 per cent of their previous year level for the same quarter. Yarn orders increased on average between the third and fourth quarter of 2017. The order contraction in Korea Rep. has been compensated by positive trends in the other reporting countries.

Decrease in global index

The global fabric production decreased from third quarter by 2 per cent. A respective 12 per cent and 2 per cent contraction in Brazil and Asia drove the world average in the negative range. Fabric output, however, increased by 6 per cent and 10 per cent in Africa and Europe respectively. The world output level reached 95 per cent of its Q4/16 level. Europe and Brazil are expected to increase production in the first quarter of 2018.

In the fourth quarter of 2017, the global fabric stock level slightly grew by 3 per cent. This increase was driven by Brazil, and elevated the index of fabrics stocks by 3 per cent above the fourth quarter of 2016. In 2017, stocks have been stable in Asia and the U.S.A. They increased steadily in Europe and Brazil and constantly decreased in Egypt. On an average, fabric orders declined by 23 per cent between the third and fourth quarter of 2017 in the countries under review. The growth of 11 per cent and 2 per cent in Egypt and Europe was not sufficient to compensate for the reductions of 31 per cent in Brazil. The global index for fabric orders decreased by 3 per cent since the fourth quarter of 2016.

 

 
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