Higher yarn and fabric production

According to 3rd quarter of 2007 ITMF State of Trade Report showed global yarn production increases due to a higher output recorded in Asia, whereas Europe, South and North America recorded lower output levels. World fabric production remained almost unchanged with higher production registered in Asia and North America but lower output in Europe and South America.

Yarn stocks on a global level rose slightly despite a significant reduction in South America. Inventories of fabrics fell by a large margin, mainly as a result of lower stocks in Asia and South America. In Europe, yarn and fabric orders fell. Brazil, on the other hand, registered lower yarn but higher fabric orders.

Global yarn production in the 3rd quarter of 2007 augmented by +0.6% driven by higher production in Asia (+1.30). Output in North America, Europe and Asia fell in the same period by -4.10, -5.2% and -5.9%, respectively. On the annual basis, total yarn production rose by +8.7% due to a significant increase in Asia (+11.1%) and a small increase in Europe (+0.3%). South and North America, on the other hand, recorded significant lower outputs (-21.5% and -8.3%, respectively). After a higher output level in the 2nd quarter, the 3rd quarter of 2007 also showed a small increase of +0.2%in global fabric production. Higher fabric production in Asia (+1.80) and North America (+1.3%) were almost offset by decreases in Europe (-6.6%) and South America (-10.9%).