Global yarn production rose in the third quarter of 2012-13 as compared to the previous quarter with a higher output in Asia South and America and a lower output in Europe and North America. Also, in comparison to last year’s third quarter, yarn production rose in all regions, apart from North America. Global yarn stocks rose slightly 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 the third quarter were down both in Europe and Brazil as compared to the second quarter. On an annual basis yarn orders were up in Europe but down in Brazil.
World fabric production increased in the third quarter in spite of lower output in Europe, thanks to higher production levels in Asia and South America. Year-on-year global fabric production was down. While it increased in Europe, it decreased both in Asia and South America.
Global fabric stocks rose slightly in comparison to the second quarter 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 stocks in North Europe and America. Fabric orders decreased in both in Europe and Brazil compared to the previous quarter.
Estimates of global yarn and fabric production in the fourth quarter of 2012-13 as compared to the third quarter are positive in Asia, stable in Europe and negative in South America. The outlook for global yarn and fabric production in the first quarter of the current year remains stable. Region-wise, Asia is expecting stable production levels, while the outlook for Europe is negative for yarn and stable for fabric production. In South America the outlook for both yarn and fabric production is positive.
In comparison with the previous quarter, world yarn output rose in the third quarter of 2012-13 by 7.5 per cent as a result of high production in Asia (+8.5 per cent), higher output in China (+9.3 per cent), India (+7.6 per cent), and Pakistan (+1.9 per cent). Yarn production in South America increased by +2.6 per cent, fell significantly in North America and to a lesser extent in Europe. Year-on-year global yarn production rose by 12.8 per cent with output up in South America by 13.5 per cent, Asia by 13.5 per cent and Europe by 10.2 per cent, but down in North America by 17 per cent.
Compared with the previous quarter, global fabric production rose by three per cent in the third quarter of 2012-13 as a consequence of growth of four per cent in output in Asia and 2.7 per cent in South America. In Europe fabric production fell by 6.5 per cent. In comparison to the third quarter of the previous year, world fabric production was down by 5.1 per cent, with Asia and South America reporting a fall of 6.3 per cent and 2.5 per cent respectively. In Europe, on the other hand, the output increased by 4.9 per cent on an annual basis.
Global yarn inventories fell by 3.8 per cent in the third quarter as compared to the previous, with both Asia and South America recording lower inventories of 4.7 per cent and 3.4 per cent respectively, while stocks remained unchanged in Europe. On an annual basis, global yarn stocks dropped by 17.8 per cent as a result of lower stocks in Asia, South America and Europe.
Global fabric stocks were up by 0.5 per cent due to higher inventories in South America (+2.4 per cent), and Asia (+0.5 per cent) while inventories in both Europe and North America decreased by two per cent and 0.4 per cent respectively. Year-on-year global fabric inventories increased by one per cent. This was due to higher fabric stocks in South America and despite lower fabric stocks in North America and Asia of 10.7 per cent and 6.7 per cent respectively.
Yarn orders in both Europe and Brazil were down in the third quarter as compared to the previous quarter by 2.9 per cent and 3.3 per cent respectively. Year-on-year yarn orders rose in Europe by 5.3 per cent but fell in Brazil by 3.6 per cent.
In Brazil and Europe fabric orders in the third quarter decreased by 7.2 per cent and 2.2 per cent respectively. On an annual basis fabric orders fell, with both Europe and Brazil recording a drop of 6.9 per cent and 3.7 per cent respectively.