According to statistics from the International Textile Federation (ITMF), in the first quarter of this year, global yarn production increased by 20% compared with the previous quarter, Asian production increased by 21%, South American production increased by 29%, and European production decreased by 4%.
Compared with the first quarter of 2015, global yarn production increased by 4% in the first quarter of this year, with Asia and Europe increasing by 5% and 4% respectively. However, global yarn inventories fell by 5% in the first quarter of this year, with Asia and South America falling by 6% and 1% respectively, while other regions remained stable. Year-on-year, global yarn inventories increased by nearly 3% in the first quarter of this year.
In the first quarter of this year, global cloth production fell by more than 8% compared with the previous quarter, with Asia and Europe falling by more than 10% and 2% respectively, and South American production increasing by 31%. Year-on-year, global cloth production remained unchanged in the first quarter of this year, with Asian production stable, South American production falling by nearly 21%, and European production increasing by approximately 9%.
In the first quarter of this year, global cloth inventories increased moderately from the previous quarter. Asian inventories fell by less than 1%, South America increased by more than 2%, and global cloth inventories remained unchanged year-on-year.
In the first quarter of this year, European yarn orders increased by 0.5% month-on-month and 3% year-on-year. Orders in South America increased by more than 100% month-on-month and 22% year-on-year. European cloth orders fell by 2% month-on-month and 4% year-on-year. South American cloth orders increased by nearly 5% month-on-month and dropped 23% year-on-year.
