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Textile Outlook International
Issue 137:
September-October 2008

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Reports in this issue
Editorial: the Global Economic Crisis Looks Set to Engulf the Textile and Clothing Industry in Asia (3 pages)
World Textile and Apparel Trade and Production Trends: China, South-East Asia and South Asia (47 pages)
Survey of the European Fabric Fairs for Autumn/Winter 2009/10 (15 pages)
Global trends in fibre prices, production and consumption, September-October 2008 (25 pages)
World markets for textile machinery: part 2 -- fabric manufacture, September-October 2008 (41 pages)
The EU's Generalised System of Preferences (GSP): Impact on Textile and Clothing Trade (25 pages)

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Global trends in fibre prices, production and consumption, September-October 2008

Buy 'Global trends in fibre prices, production and consumption, September-October 2008' now 25 pages, published in Issue 137, September-October 2008  
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World fibre production rose by 6.0% in 2007. The rise stemmed from an 8.5% increase in global man-made fibre output, which was driven mainly by growth in China and India. Synthetics accounted for most of the volume increase in global man-made fibres, led by polyester. In percentage terms, however, production of cellulosic fibres grew faster than that of synthetics.

Output of natural fibres rose by only 2.6% in 2007. As a result, the gains in share of the previous two years were lost, and the share of natural fibres fell back to 40.6%. The 2.6% increase was driven mainly by a 2.8% rise in cotton demand. Wool consumption, by contrast, fell as a result of higher prices.

The cotton price rose to a high of 80 cents/lb in March 2008 before falling backódue to market unrestóto 55 cents/lb by November 2008. For the 2007/08 crop year as a whole (August 1, 2007-July 31, 2008), the average price reached 73 cents/lb, 23.2% higher than in the previous year. However, there is little prospect of a further price increase in 2008/09 as long as concerns over weaker demand persist. The International Cotton Advisory Committee (ICAC) predicted in early December 2008 that demand would fall by 5.6%. This is somewhat steeper than the 0.5% drop recorded for 2007/08 and signals a major downturn. That said, output will fall too as farmers switch to more profitable alternative crops. As a result, cotton stocks will fall. But the reduction in stocks will not be sufficient to increase prices. Consequently, the average cotton price is expected to fall from 73 cents/lb in 2007/08 to 69 cents/lb in 2008/09.

Wool prices have fallen dramatically from a peak of A$10.29 per kg (US$9.07 per kg) in January 2008óreaching A$7.64 per kg in November 2008. Again, the fall reflects concern over future demand levels. Stocks have fallen too although the stock position is not a cause for concern. While consumption of wool fibre remains strong in China, it is being depressed elsewhere by the restructuring of the textile industries in industrialised countries. Prices are therefore likely to remain stable in 2008/09. Stocks, meanwhile, are expected to fall a little further from levels reached in 2007/08 as demand marginally exceeds supply.

Table of Contents
Global Trends in Fibre Prices, Production and Consumption
  • Summary
  • General Trends
  • Cotton
  • Wool
  • Man-Made Fibres

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Six times a year, Textile Outlook International provides up to 200 pages of intelligence, expert analysis and insight on the global textile and clothing industry.
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Each issue provides an authoritative source of information on key industry topics, including: circularity; cotton; environmental sustainability; fibre prices; innovation; production and consumption forecasts; imports and exports; industry giants and emerging brands; international trade fairs; key geographical markets; recommerce; retail; supply chains; textile and clothing trade; textile machinery; trade and production trends; world markets; and yarn and fabric manufacturing.

A single issue of Textile Outlook International includes:

    an editorial think-piece on a topical issue from an industry expert

    a report on textile and apparel trade and production trends

    a round-up of the latest international trade fairs

    a feature on textile and clothing imports and exports or fibre prices, production and consumption

    a report on a key geographical market

    insight and analysis of a key market leader or fast-growing start-up

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