Asia and South America drive growth in global fabric market | Trade News South America
Home » News » Trade Data News » Asia And South America Drive Growth In Global Fabric Market

Asia and South America drive growth in global fabric market

Share: 
      Newsletter

READ MORE ON Fabric ManufacturingITMFMarket ReportTrade Data News

Fabric Production

Image Courtesy: oeko-tex.com

International Textile Manufacturers Federation’s (ITMF) State of Trade Report shows that global fabric production has increased by more than 3 per cent in the third quarter of 2016, driven by surge in Asia and South America markets. However, while Asian and South American output grew by over 4 per cent each, European fabric production fell by nearly 15 per cent quarter-on-quarter.

Year-on-year, global fabric output improved moderately by 0.6 per cent in the third quarter of 2016 with Asian production increasing by 0.6 per cent and South America’s output improving by 4.7 per cent. Europe’s fabric output plunged nearly 7 per cent year-on-year.

Also ReadPakistan Records 1.65% Decline In Textile Exports

Global yarn production also increased by 3.4 per cent during the third quarter compared to the second quarter, again Asia and South America emerged as growth drivers here, up 2.6 per cent. Europe and North America, however, experienced drops of 13.3 per cent and 1.4 per cent, respectively. The segment also saw a 3.7 per cent increase year on year, led by Asia which was up 3.5 per cent and South America which surprisingly noted 21 per cent drop. Europe was also down by 4 per cent and North America fell by 7.8 per cent in term of yarn production.

In the third quarter, yarn orders fell by 5 per cent in Europe, compared to the second quarter. South American orders tumbled 11 per cent for the quarter but rose 100 per cent year on year.

European fabric orders dropped by nearly 10 per cent quarter in the quarter and 11.5 per cent compared to the previous year while South American orders declined by 3 per cent from the previous quarter but increased by 10 per cent year on year.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Japan’s apparel sales tumble in May

After witnessing rise in apparel sales in April this year, first time since November 2016, Japan again reported drop in sales at both...

India’s RMG export up 8.06% in May

India’s readymade garment exports grew positively in the month of May at 8.06 per cent to reach US $ 1,605.37 as against US...

Japanese apparel imports recover slightly in Q1

Amidst hindering global growth due to demographic and economic trends, domestic market in Japan kept the apparel imports alive, while tourist spending disappointed...

EU rises in value-wise apparel imports

Recovering slightly, the European Union (EU) has recorded a rise in its values-wise apparel imports by 0.33 per cent on year-on-year basis during...

Vietnam upswings in garment & footwear exports

According to the latest statistics from General Department of Customs – Vietnam, the country’s total exports of garment and footwear products reached US...

China’s T&C exports down 0.5% in May

According to China’s General Administration of Customs, the country’s exports of textiles and clothing in May 2017 decreased by 0.5 per cent to...

Japan’s textile machinery trade surges in Q1

According to a Japan Textile Machinery Association, the country’s production, exports and imports of textile machinery increased during January-March 2017 year-on-year. The report...

US’ cotton import up 0.1%

During the January to April 2017 period, cotton imports by the USA surged marginally in volume terms by 0.1 per cent on Y-o-Y...

Sluggish garment industry impacts Bangladesh’s export earnings

Drop in global demand for readymade garments has slowed down the rate of export earning of Bangladesh as well in the last fiscal...

Drop in unit price boosts US’ apparel import

During the period of January to April 2017, major Asian apparel exporters to the US witnessed decrease in Unit Value Realisation (UVR) percentage...