Views:2 Author:Site Editor Publish Time: 2019-10-30 Origin:Site
Global yarn production increased by 17% between the final quarter of 2018 and the first quarter of 2019, according to ITMF, the International Textile Manufacturers Federation. Higher output levels where observed in Asia (+18%), Brazil (+18%), the US (+3.2%) and Europe (+1.6%). The overall Asian result is due to a 27% increase in Chinese yarn production, which outperformed the contraction registered in Japan (-1.7%), India (-3.1%) and South Korea (-9.2%).
A decreasing trend has further been observed in South Africa (-5.3%) and Egypt (-7.9%). Forecasts for the second quarter of 2019 are optimistic in Japan, Chinese Taipei, and Turkey.