The latest statistics from the International Textile Manufacturers Federation (ITMF) show that global yarn production increased in the first quarter of 2016 compared to the previous quarter, with production in Asia and South America increasing month on month and production in Europe decreasing.
During the same period, global yarn production increased year-on-year, with production in Asia and Europe also increasing year-on-year. In the first quarter of 2016, global yarn inventory decreased compared to the previous quarter (April 2015), with yarn inventory in Asia and South America decreasing, while yarn inventory in other regions remained unchanged. The yarn orders in Europe and South America have both increased month on month and year-on-year.
In the first quarter of 2016, global fabric production decreased compared to the previous quarter (April 2015), mainly due to reduced production in Asia and Europe, while fabric production in South America increased. Compared to the first quarter of 2015, global fabric production remained stable, with production in Asia remaining stable, production in South America declining, and fabric production in Europe increasing year-on-year. In the first quarter of 2016, global fabric inventory slightly increased compared to the previous quarter, with a decrease in fabric inventory in Asia and an increase in inventory in South America. The fabric inventory remained unchanged year-on-year in the first quarter of 2016. The fabric orders in Europe decreased month on month, while those in South America increased month on month. Both Europe and South America saw a decrease in fabric orders compared to the same period last year.
In the first quarter of 2016, global yarn production increased by 20% compared to the fourth quarter of 2015. Among them, yarn production in Asia increased by 21%, South America increased by 29%, and Europe decreased by 4%. Compared with the same period last year, global yarn production increased by 4% in the first quarter of 2016, with yarn production in Asia and Europe increasing by 5% and 4% respectively year-on-year; The yarn production in both North and South America has shown negative growth, with a decrease of over 7% and 6%.
Compared to the fourth quarter of 2015, global fabric production decreased by over 8% in the first quarter of 2016. Among them, production in Asia and Europe decreased by over 10% and 2% respectively, while fabric production in South America increased by 31% month on month. Compared with the same period last year, global fabric production remained stable in the first quarter of 2016. Among them, fabric production in Asia remained basically unchanged year-on-year, while production in South America decreased by about 21%, and fabric production in Europe increased by about 9% year-on-year.
In the first quarter of 2016, global yarn inventory decreased by 5% month on month, with Asia and South America experiencing declines of 6% and 1% respectively. In the first quarter of 2016, global yarn inventory increased by 3% year-on-year, with yarn inventory in Europe increasing by nearly 7% year-on-year, inventory in South America increasing by 35%, and yarn inventory in Asia remaining unchanged year-on-year.
In the first quarter of 2016, global fabric inventory remained relatively stable compared to the previous quarter, with inventory in Asia decreasing by less than 1% and inventory in South America increasing by over 2%. Compared to the same period in 2015, global fabric inventory remained largely unchanged in the first quarter of 2016. The fabric inventory in Europe and North America decreased by 3.5% and nearly 2% year-on-year, respectively, while inventory in other regions remained largely unchanged year-on-year.
In the first quarter of 2016, yarn orders in Europe increased slightly by 0.5% month on month and 3% year-on-year; The yarn orders in South America increased by over 100% month on month and 22% year-on-year. During the same period, fabric orders in Europe decreased by 2% month on month and 4% year-on-year, respectively; Fabric orders in South America increased by nearly 5% month on month and decreased by 23% year-on-year.
According to ITMF's forecast, global yarn and fabric production will increase in the second quarter; The "Global Yarn and Fabric Production Outlook" indicates that production will further increase in the third quarter.