The Fiber Year 2017
Selected key messages: The ten largest textile and apparel exporting countries with the European Union as region included have experienced a more than 4% decline in shipments to USD507 billion. Hong Kong suffered from a double-digit decrease while Chinese deliveries softened 6% to about USD267 billion. Bangladesh, up 2%, and Vietnam lifting exports 6% were the only countries within this group of top ten exporters to produce growth. The performance of the both countries was stimulated by trade agreements even if euphoria in Vietnam cooled down following the U.S. exit from TPP.
Summary of the report: The year 2016 will always be remembered from textile perspective as historic milestone. The world market size has surpassed the incredible volume of 100 million tonnes.
Fiber production on global stage has grown 3% to 100 million tonnes due to 8% rebound in cotton production after disastrous contraction in the 2015/16 season. The world market has even arrived at 101 million tonnes when taking into account the cotton consumption which was fairly unchanged to the preceding year. However, the new all-time high was result of a further deceleration in demand at retail stage. Final end-use slowed in the fourth consecutive year to a little over 1%.
Manmade fibers now occupy 70% of the global market. While synthetic fibers have suffered from their slowest growth in eight years at below 2% cellulosic fibers have expanded at a rate above 3%.
The staple fiber market was up 1% following modest increases of synthetics and a 4% gain of cellulosics. Natural fibers, still occupying 55% of the market, stagnated once again. Hence, their dominant position is at risk when considering the long-term performance with a 80% share in the year 1970. The development in the three largest producing nations with a joint share exceeding 60% was completely different in the previous year. PR China experienced a growth in manmade fibers only. The Indian output advanced due to increases in all segments while the U.S. production surged as result of a rebound in cotton only.
The world filament production modestly grew 2% and has experienced the slowest growth in polyester since 2008 while polyamide surged at almost double-digit rate. Industrial yarn succeeded in the third straight year to grow faster than textile filament. Spun yarn production stagnated with cotton yarn output expanding slightly faster, especially in Bangladesh, Indonesia, Mexico and Vietnam.
The first-time comparison of filament and cotton yarn output for a period from 2005 reveals quite different developments and strategies on national basis. Turkey has a stable share of two thirds in favor of cotton yarn, while the ratio of cotton yarn in Mexico has steadily grown to three quarters and the Korean industry has been relying on 80% filament yarn while this ratio even rose to 90% for filaments in Malaysia.