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Yarn and Fabric production followed a downward trend in 2018 and increased in Q1/2019

Global yarn production increased by +17% between Q4/18 and Q1/19. Higher output levels where observed in Asia (+18%), Brazil (+18%), the U.S.A. (+3.2%) and Europe (+1.6%). The overall Asian result is due to a +27% increase in Chinese yarn production which outperformed the contraction registered in Japan (-1.7%), India (-3.1%) and Korea, Rep. (-9.2%).

A decreasing trend has further been observed in South Africa (-5.3%) and Egypt (-7.9%). Forecasts for Q2/19 are optimistic in Japan, Chinese Taipei, and Turkey.

Global yarn stocks increased by +6.3% worldwide. This results from a +27% improvement in Egypt, +7.7% raise in Brazil, and +3.8% increase in Asia.

The latter is the consequence of stock growth in Japan and India, stability in Pakistan and a decrease in Korea, Rep. and Chinese Taipei. Altogether, yarn stocks reached 97% of their previous year’s level for the same quarter.

Global yarn orders increased by +12, led by Brazil (+18%), Egypt (+11%), and Asia (+9%).

Global fabric production increased between Q4/18 to Q1/19 by +3.8%. This reflects an output raise of +19% in Brazil and an overall +3.6% improvement in Asian countries. Europe saw its production shrink by -0.85% with the biggest drop registered in Spain (-10.1%). A strong decrease of -42% was also witnessed in Egyptian fabric production.

The world output level now reaches 88% of its Q1/18 level. Output levels are expected to further decrease in Q2/19 in Asia, Africa, and Brazil, stay constant in the U.S.A. and increase in Europe. Production should stagnate in Q3/19 in all regions but Asia, which should register an improvement. The global fabric stock level has stagnated between Q4/18 and Q1/19.

This resulted from raises registered in Egypt (+16%) and Brazil (+3.3%) and decreases of -1% to -2% observed in Asia, Europe and the U.S.A. In Q1/19, global fabrics stocks were 1% above their Q1/18 level. Global fabric orders have dropped by -19% in Q1/19, led by a decrease of -32% in Egypt and – 25% in Brazil. Global fabric orders were 8% above their Q1/18 level.

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