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Middle East textile Journal February Digital Issue

Yarn production increased in Q2/18 and fabric production slightly shrunk

Global yarn production increased by +5% between Q1/18 and Q2/18. Higher output where observed in Egypt (+1.4%), the U.S.A. (+3.2%), South Africa (+3.3%), and globally in Asia where the overall +5.7% increase was led by Chinese Taipei and Korea, Rep. (respective growth rates of +8.1% and +8.8). An opposite trend has been observed in all surveyed European countries, Brazil and Japan. Forecasts for Q3/18 are only optimistic in Africa but the Q4/18 previsions turn positive in all regions except Brazil where stability is expected. Global yarn stocks decreased globally by -4.75%. This is the effect of small contractions in Asia and Europe (between -3% and -4%), an +18% increase in Brazil, and a -20% average decrease in the African countries surveyed. Altogether, yarn stocks reached 85% of their previous year’s level for the same quarter. Global yarn orders decreased by -6% led by a strong reduction in the Brazilian market (-28%). Yarn orders however increased in Africa and Europe by +5.7% and +7.5%, respectively.

 

Global fabric production slightly decreased from Q1/18 to Q2/18. The +0.25% contraction reflects a -6% output reduction in Africa, a decrease of -0.5% in Asia, a +1.6% increase in Europe, and a +3.7% jump in Brazil. The world output level now reaches 87% of its Q2/17 level. Fabric production in all regions is expected to decrease in Q3/18 except in Brazil where stability is foreseen. Q4/18 should see improvements in all regions. In Q2/18, the global fabric stock level grew by almost +2%. It was driven by Brazil’s stock increase of +7%, which brought global fabrics stocks 11% above their Q2/17 level. Stocks remain stable in Asia, Europe, and the U.S.A. They continue to steadily drop in Egypt. Global fabric orders have risen by +43% at world level in Q2/18, led by a +65% increase in Brazil that followed an unusually low first quarter. Orders in Asia and Europe have stagnated and contracted in Egypt, respectively. Global fabric orders are now 16% above their level observed in Q2/17.

ITMF

About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

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