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Global yarn production witnessed an upsurge in Q3-2016

"Q3-2016 saw a rise in global yarn production on a quarter-on- quarter basis. Thereby, output in Asia and South America rose. However, in Europe and the US, yarn production fell. On an annual basis, global yarn production in Q3-2016 increased versus Q3-2015. Global yarn stocks climbed in Q3-2016. Yarn stocks reduced in South America while in Asia, they increased. However, year-on-year, global yarn stocks declined. Yarn orders in Europe and in South America fell quarter-on-quarter. Compared to the same quarter a year ago, yarn orders increased in South America and fell in Europe."

 

 

Global yarn production

 

Q3-2016 saw a rise in global yarn production on a quarter-on- quarter basis. Thereby, output in Asia and South America rose. However, in Europe and the US, yarn production fell. On an annual basis, global yarn production in Q3-2016 increased versus Q3-2015. Global yarn stocks climbed in Q3-2016. Yarn stocks reduced in South America while in Asia, they increased. However, year-on-year, global yarn stocks declined. Yarn orders in Europe and in South America fell quarter-on-quarter. Compared to the same quarter a year ago, yarn orders increased in South America and fell in Europe.

Global yarn production witnessed an upsurge

 

In contrast, Europe’s fabric production decreased. Global fabric output improved moderately year-on- year in Q3-2016. Thereby, Asian and South American output climbed moderately, while it fell in Europe. In Q3-2016, worldwide fabric stocks fell quarter-on-quarter. Fabric inventories were reduced in South America and increased moderately in Asia and North America. Year-on- year, fabric stocks declined. European and South American fabric orders decreased quarter-on- quarter. On a yearly basis, South America’s fabric orders increased and Europe’s fell.

Global Projections

The global outlook for yarn and fabric signals a decline for Q1-2017. In Q3-2016, global yarn production increased by 3.4 per cent quarter-on- quarter. Thereby, Asian yarn output strengthened by 3.7 per cent quarter-on- quarter and by 2.6 per cent in South America. In Europe and North America, it fell by 13.3 per cent and 1.4 per cent, respectively. Global yarn output increased by 3.7 per cent in Q3-2016 versus Q3-2015. In Asia, yarn output improved 3.5 per cent year-on-year and in South America by 21 per cent. In Europe and North America, yarn output declined by nearly 4 per cent year-on-year and by 7.8 per cent, respectively.

Global fabric production

Fabric production went up by over 3 per cent in Q3-2016 across the world against previous quarter. While Asian and South American output grew by over 4 per cent each, European fabric production fell nearly 15 per cent quarter-on- quarter. Year-on-year, global fabric output improved moderately by 0.6 per cent in Q3-2016. Thereby, Asian production increased by 0.6 per cent and South America’s output improved by 4.7 per cent. Europe’s fabric output fell by nearly 7 per cent year-on-year.

Global yarn inventories increased in Q3-2016 by 4.8 per cent quarter-on-quarter with increases of 5.7 per cent in Asia. In contrast, in South America inventories fell by 1.4 per cent. In Q3-2016, the annual percentage change of global yarn inventories saw a dip of nearly 6 per cent. Thereby, European yarn stocks increased by 5 per cent year-on-year. Asian yarn stocks, however, fell by nearly 7 per cent annually and South American stocks diminished by 0.6 per cent.

Worldwide fabric stocks fell by 1.4 per cent quarter-on-quarter in Q3-2016. The major culprit was South America, where stocks reduced by nearly 8 per cent. In the Asia and North America fabric stocks increased moderately. On a yearly basis, global fabric inventories in Q3-2016 decreased by 5 per cent. Asia’s fabric stocks decreased by 0.4 per cent annually and South America’s inventories fell by over 16 per cent. In Europe stocks declined by over 2 per cent, while in North America they increased by 0.8 per cent year-on-year.

In Q3-2016, European yarn orders fell by 5 per cent quarter-on-quarter and by 2 per cent year-on-year. In South America, they fell by over 11 per cent quarter-on-quarter and increased by over 100 per cent year-on-year. European fabric orders in Q3-2016 fell by nearly 10 per cent quarter-on-quarter and by 11.5 per cent year-on-year. South American fabric orders in Q3-2016 fell by 3 per cent quarter-on-quarter and increased by 10 per cent year-on-year.

 
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