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Estimates and outlook for global yarn and fabric output for Q3 and Q4/2016 are Negative.
The global yarn production increased in Q2/2016 quarteron-quarter. Thereby， output in Asia， Europe and South America rose. On an annual basis， the global yarn production in Q2/2016 fell versus Q2/2015. Global yarn stocks fell in Q2/2016 quarteron-quarter. Yarn stocks were reduced in Asia. In South America they increased. Year-on-year， global yarn stocks declined. Yarn orders in Europe fell quarter-on-quarter as well as year-on-year. In South America yarn orders improved quarter-on-quarter and year-on-year.
Global fabric production increased in Q2/2016 against Q1/2016 due to strong increases in Asia and South America. In contrast， Europe’s fabric production decreased. Global fabric output fell moderately year-on-year in Q2/2016. Thereby， Asian output declined annually albeit moderately. In Europe output increased year-on-year， while it fell in South America. In Q2/2016， worldwide fabric stocks fell quarter-on-quarter. Fabric inventories were reduced in Asia and South America. Year-onyear， fabric stocks declined. European fabric orders decreased quarter-on-quarter and year-on-year. In South America fabric orders rose on a quarterly basis. On an yearly basis， in contrast， South America’s fabric orders declined.
Estimates signal a decline of global yarn and fabric production for Q3/2016.
The global outlook for yarn and fabric production signals a further reduction for Q4/2016.
In Q2/2016， global yarn production increased by 8.5% quarter-on-quarter. Thereby， Asian yarn output strengthened by nearly 9% quarter-on-quarter and by close to 12% in South America. In Europe it grew moderately by 0.3%. Global yarn output fell moderately by 0.2% in Q2/2016 versus Q2/2015. In Asia， yarn output fell moderately by 0.1% year-on-year. A strong decrease occurred in North America， where yarn production fell by over 12% annually. European and South American yarn out- put recorded annual growth rates of 2% and 3%， respectively.
Global fabric production increased by over 8% in Q2/2016 against the previous quarter. While Asian and South American output grew by 9% each， European fabric production fell by 1% quarter-on-quarter. Year-on-year， global fabric output declined in Q2/2016by 0.7%. Thereby， Asian production fell moderately by 0.2%. South America’s output fell by nearly 16%. Europe’s fabric output rose by over 4% year-on-year.
Global yarn inventories decreased in Q2/2016 by 6.7% quarter-on-quarter with reductions of 8% in Asia. In contrast， in South America inventories rose by over 3%. In Q2/2016， the annual percentage change of global yarn inventories recorded a decrease of 6%. Thereby， European yarn stocks increased by 9% year-on-year and in South America stocks rose by 10.5%. Asian yarn stocks， however， fell by 8% annually.
Worldwide fabric stocks fell by 1.4% quarter-on-quarter in Q2/2016. Thereby stocks in Asia were reduced moderately by 0.2%. In South America they were reduced by 4.7%. On a yearly basis， global fabric inventories in Q2/2016 decreased by 6%. Asia’s fabric stocks decreased by 0.8% annually and South America’s inventories fell by nearly 18%.
In Q2/2016， European yarn orders fell by 2.6% quarteron-quarter and by 2.9% year-on-year. In South America they increased significantly by over 11% quarter-on-quarter and by over 87% year-on-year. European fabric orders in Q2/2016 fell by 0.2% quarter-on-quarter and by 4% year-on-year. South American fabric orders in Q2/2016 increased by nearly 20% quarter-on-quarter and fell by 11% year-on-year.