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Global trends in fibre production, consumption and prices, January-February 2005
published in Issue 115, January-February 2005
World man-made fibre production grew even faster in 2004 than in 2003. Output was up by 8.9% to 34.6 mn tons following a 5.2% rise in 2003. The 2004 increase reflected strong growth in China and lesser growth in India. Synthetics accounted for most of the growth, especially polyester, although cellulosics were up by a healthy 8.8%.
Output of natural fibres rose by a remarkable 21.7%—more than four times the 4.9% increase registered in 2003. As a result, and unusually, the share of natural fibres increased from 40.4% to 43.1%. The rise in natural fibre production was driven by a staggering 23.2% increase in cotton output—following a 4.6% rise in 2003—as growers were encouraged by higher prices. But the wool clip continued to fall.
The cotton price fell from a high of 76.80 cents/lb in November 2003 to 51.28 cents/lb in February 2005, reflecting fears of high stocks. Although demand in the 2004/05 season is up by 6.5%, mostly due to higher usage in China and South Asia, output is up by 22.0% to a record 25.2 mn tons, according to the International Cotton Advisory Committee (ICAC). But lower prices have deterred plantings and output will fall by 9.3% in 2005/06. The cotton price will average 57 cents/lb in 2005/06, 10 cents/lb more than in 2004/05, according to the ICAC but the EIU says that such a figure will not be reached until the end of 2006.
Competition from man-made fibres and concerns over stocks, including those in the textile pipeline, have also kept down wool prices. Currently, global demand for wool fibre is being sustained largely by consumption in China. Elsewhere, consumption is being depressed by the restructuring of the textile industries in industrialised countries. The outlook is for only a modest rise in prices. Although stocks are expected to fall slightly, supply and demand will be more or less in balance in 2005/06.
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries – and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles – providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles – giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production – taking into account current issues facing the industry – such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing – providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing – in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing – or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
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