GENEVA — Global fabric and yarn production posted major gains in the second quarter, spurred by a double-digit surge in output by Asia, marking a major turnaround after two years of continuous falls, an industry survey said.
This story first appeared in the October 20, 2009 issue of WWD. Subscribe Today.
World yarn production during the April to June period expanded 22.4 percent compared with the previous quarter, and was the first gain registered after falls since the second quarter of 2007, said the International Textile Manufacturers Federation.
All regions registered increases in yarn production, ITMF said, including a 23.3 percent gain in Asia, a 2.2 percent increase in Europe and 1.5 percent hike in North America. Yarn orders were up 2.4 percent in Europe and 12 percent in Brazil.
World fabric production notched 14.4 percent increase in quarter, ITMF said, but production increases in Asia, up 16.7 percent, and in North America, up 7.8 percent, were offset somewhat by slight declines in Europe and South America.
However, global yarn inventories in the second quarter were down 3 percent compared with the previous three months, with stocks down 15.3 percent in South America and 3.4 percent in Asia, but stable in Europe and North America.
Global fabric inventories fell 4.5 percent, “the lowest in years,” the report said, with stocks down 5.1 percent in North America, 4.9 percent in Asia and 1.5 percent in Europe.