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Yarn And Fabric Production State Of Trade Report

Global yarn production continued in a downward spiral for the seventh consecutive quarter, hitting a three-year low, according to the Switzerland-based International Textile Manufacturers Federations (ITMF) fourth-quarter 2001 state of trade report. Annual output was down 6.6 percent from 2000 levels. Fourth-quarter world yarn production dropped 2.6 percent, driven by declines of 3.9 percent in Asia and of 10.2 percent in North America. Increases of 4.8 percent and 4.3 percent in European and South American output mitigated the declines somewhat. Brazilian output rose 10.5 percent. Annual production was down 2.6 percent in Asia, 23.2 percent in North America and 5.5 percent in Europe; and up 4.3 percent in South America.Global yarn inventories rose 0.5 percent for the quarter and 3.8 percent for the year. An 18.4-percent increase in South American stocks was partially offset by lower Asian and European stocks, down 0.9 percent and 0.5 percent, respectively. For the year, Asian stocks rose 7.8 percent, while inventories declined 12.2 percent in South America and 3.3 percent in Europe.World fabric output unchanged for the fourth quarter hovered near its three-year average. Annual fabric output rose 1.6 percent.Fourth-quarter fabric output rose 9.7 percent in Europe and declined 1.2 percent in Asia, 4.6 percent in North America and 4.8 percent in South America.Annual output was up in Asia and Brazil (10.8 percent and 1.6 percent), and down in Europe and the United States (2.1 percent and 8.6 percent).Global fabric inventories dropped for the third straight quarter, registering a 1.9-percent decline. By region, stocks declined 4.0 percent in the United States, 9.2 percent in Brazil and 2.9 percent in Asia; while they rose 3.0 percent in Europe. For the year, inventories were down 3.6 percent in Asia, 10.4 percent in North America and 11.3 percent in South America; and up 5.7 percent in Europe.By Janet Bealer Rodie, Assistant Editor July 2002




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