Global Yarn Production up 11% in Q2

In the second quarter global yarn production rose by 11 per cent. The drivers of the growth are: Asia and Brazil. Yarn production decreased by ten percent in the US and 18 per cent in Africa. Global fabric production improved by nine per cent, with the most significant increases in Brazil, Asia, and Africa.

Global yarn stocks decreased by one per cent. Asia, Europe, and Brazil saw their yarn inventories increase, but the world average is driven down by a 12 per cent decrease of yarn stocks in Egypt. But global yarn stocks have improved compared to the same quarter a year earlier.

Global fabric inventories decreased by eight per cent. The strongest decrease is observed in Brazil. Asia and the US are fairly stable and Europe’s stocks rose by seven per cent. Global yarn orders have fallen in all regions in the second quarter. European yarn orders decreased by almost seven per cent. Reductions of six per cent and four per cent were recorded in Brazil and Asia.

Asian and European fabric orders remained stable and rose in Brazil and Africa. In comparison to the second quarter of last year, Asian and Brazilian fabric orders declined significantly while they slightly increased in Europe and Africa.