ITMF Releases Global 2012 Overview; 2013 Outlook
The federation reports that yarn and fabric output was up in Q3/2012, Q4 output is negative in South America.
February 6, 2013
Output of global yarn production rose in the third quarter of 2012 compared to the previous one due to higher output in Southern Asia and South America, while production in Europe and North America was down. Also in comparison to last year, third quarter yarn production rose in all regions except North America. Global yarn stocks rose slightly in 2012’s third quarter in comparison to the previous quarter mainly due to higher stocks in Asia and South America. On an annual basis, yarn inventory decreased due to lower stocks in Asia and South America and despite an increase in Europe. Yarn orders in Q3/2012 were down both in Europe and compared to 2012’s second quarter. On an annual basis yarn orders were up in Europe but down in Brazil.
World fabric production increased in Q3/2012 inspite of lower output in Europe due to increased production levels in Asia and South America. Year-on-year global fabric production was down; although it increased in Europe, it decreased both in Asia and South America. Global fabric stocks rose slightly compared to Q2/2012 as a consequence of higher inventories in Asia and South America and despite lower ones in Europe and North America. Year-on-year fabric stocks were up due to higher stocks in South America and despite lower ones in North Europe and America. Fabric orders decreased in Q3/2012 both in Europe and Brazil compared to the previous quarter and also year-on-year.
The estimates for global yarn and fabric production in the 4th compared to the 3rd quarter of 2012 are positive in Asia, stable in Europe, and negative in South America. The outlook for global yarn and fabric production in Q1/2013 remains stable. Regionally, Asia is expecting stable production levels, while the outlook in Europe is negative for yarn and stable for fabric production. In South America the outlook for both yarn and fabric production is positive.
Compared to the previous quarter, world yarn output rose in Q3/2012 by 7.5% as a result of high production in Asia (+8.5%), due to higher output in China (9.3%), India (7.6%), and Pakistan (1.9%). Yarn production in South America increased 2.6%. Yarn output fell significantly in North America (10.0%) and to a lesser extent in Europe (7.3%). Year-on-year global yarn production rose by 12.8% with output up in South America (13.5%), Asia (13.5%) and Europe (10.2%) but down in North America (-17.0%).
Compared to the previous quarter, global fabric production rose by 3% in Q3/2012 as a consequence of higher output in Asia (+4%) and South America (+2.7%). In Europe, fabric production fell 6.5%. In comparison to Q3/2011, world fabric production was down 5.1%, with Asia and South America reporting decreases of -6.3% and -2.5%, respectively. In Europe, on the other hand, output increased 4.9 % on an annual basis.
Global yarn inventories fell 3.8% in Q3/2012 compared to the previous year and both Asia (-4.7%) and South America (-3.4%) recorded lower inventories, while stocks remained unchanged in Europe. On an annual basis, global yarn stocks dropped 17.8%, a consequence of lower stocks in Asia (-26.8%), South America (-7.1%) and Europe (-0.9%).
Global fabric stocks were up 0.5% due to higher inventories in South America (+2.4%), and Asia (+0.5%), while inventories in both Europe and North America decreased 2.0% and -0.4%, respectively. Year-on-year, global fabric inventories increased 1.0%. This was due to higher fabric stocks in South America (+7.8%) and despite lower fabric stocks in North America and Asia with reductions of -10.7% and -6.7%, respectively.
Yarn orders in both Europe and Brazil were down in Q3/2012 compared to the previous one by 2.9% and 3.3%, respectively. Year-on-year yarn orders rose in Europe 5.3% but fell 3.6% in Brazil.
In Brazil and Europe fabric orders in the Q3/2012 decreased 7.2% and 2.2%, respectively. On an annual basis, fabric orders fell with Europe recording a drop of 6.9% and Brazil of 3.7%.
Source: ITFM, Edited by Rebecca Bartels