ITMF claims textile orders are rising
According to the International Textile Manufacturers Federation (ITMF), global textile production during the third quarter of 2009 built on the strong rebound recorded during the previous quarter.
Global yarn stocks fell slightly during the quarter because of significantly lower stocks in South America and Europe, offset slightly by higher inventories in Asia. Global fabric stocks experienced rapid growth driven by Asia and South America, while Europe and North America saw inventories fall. Orders of yarn and fabrics in Europe and Brazil jumped significantly.
World yarn production rose 1.3% during the third quarter compared with the previous quarter, during which production increased by 22%. With the exception of North America (-2.3%) all regions recorded increases, especially South America (+5%), Europe (+4.5%) and Asia (+1.2%).
However, compared with the same quarter in 2008, only Asia experienced growth (+4.9%), while yarn production in North America, South America and Europe were still considerably below last year’s levels (-24.6%, -5.3% and -4.5%, respectively).
Global fabric production grew 1.2% during the third quarter, increasing or remaining stable in all regions compared with the second quarter. Year-on-year fabric production was up by 4.2% as a result of higher outputs in South America (+11.8%) and Asia (+6.1%), while North America and Europe recorded significantly lower production levels (-17.1% and -17.9%).
Global yarn inventories were almost unchanged (-0.6%) compared with second-quarter figures. Yarn stocks fell 15.3% in South America and 3.2% Europe but remained stable in North America and rose 1.3% in Asia. On an annual basis, yarn stocks were down 2.3% with South America, Europe and Asia seeing reductions of 10.3%, 3.4% and 2%, respectively.
The level of global fabric stocks jumped 5.3% in the third quarter. While inventories in North America and Europe continued to fall 7.7% and 1.5%, respectively, those in South America and Asia grew 3.3% and 10.5% Compared with the third quarter of 2008, global inventories rose 2.2%. This increase was a result of higher stocks in Asia (9.8%), although those in North America, South America and Europe fell 18.3%, 3.8% and 3.3%.
Yarn and fabric orders experienced a strong increase during the third quarter. Orders in Europe grew 5.5% and 5.1%, respectively, while orders in Brazil jumped 19.1% and 10%. On an annual basis, yarn and fabric orders in Europe were down 2.4% and 12.1%, respectively. However, Brazilian orders rose 6.6% and 4%.
