Asia dominates Q2 global yarn production

The International Textile Manufacturer’s Federation (ITMF) reports that global yarn production rose 12.1 percent in the second quarter of 2011, due to higher output by Asia and, in particular, China. While yarn production in Asia increased by 13.9 percent, all other regions decreased. Production fell 7.3 percent in South America, 6.5 percent in Europe and 3.1 percent in North America. Inventories of yarn grew by 21.2 percent, especially in Asia and South America, according to ITMF statistics. Compared with the previous quarter, global fabric production rose by 4.4 percent, led by Asia and South America. Estimates for yarn and fabric production in the third quarter of 2011 are negative or flat, with improvement expected in fourth quarter outputs.