Nov 2 2010
Research and Markets has announced the addition of Textiles Intelligence's new report "Global Trends in Fibre Prices, Production and Consumption, 2010 Edition - Part 1" to their offering.
World man-made fibre production picked up strongly in 2009, representing a significant improvement after the decline witnessed in the previous year. At 41.6 mn tons, output was up by 7.8% following a 6.5% drop in 2008. Not surprisingly, the rise in 2009 was sustained entirely by strong growth in China. Synthetic fibres accounted for most of the increase and almost all of the rise in synthetic fibre output was due to growth in production of polyester. But cellulosic fibre production was also up, by a healthy 8.2%.
In contrast, output of natural fibres fell by 5.1% following a 9.6% drop in 2008. The fall in 2009 was caused by a 5.1% reduction in cotton output after a 10.1% decline in 2008 as growers switched to alternative crops. There was also a further decline in the wool clip. As a result of these trends, the share of natural fibres in total fibre output fell from 39.1% to 36.1%. Meanwhile, the cotton price rose throughout 2009 to reach a peak of 86 cents/lb in March 2010.
Demand for cotton is predicted to climb higher in the 2009/10 season, due mainly to the recovery in global economic growth. Output, however, will be down by 5.2%, according to the International Cotton Advisory Committee (ICAC). As a result, demand will outstrip supply, and this will cause some further upward pressure on prices. According to the ICAC, the cotton price will average 74 cents/lb in 2009/1013 cents/lb more than in 2008/09. Furthermore, it is likely to creep up further in the 2010/11 season.
Wool prices have also risen as a fall in the wool clip has caused some concern about supply. The stock position has tightened and, as a consequence, prices have been pushed up. However, global demand is being sustained largely by consumption in China. Elsewhere, demand is being depressed by restructuring in the textile industries of industrialised countries.
The outlook is for some firming of prices as stocks fall further. However, any strong upward pressure on price will be limited by the availability of man-made substitutes.
Key Topics Covered:
- SUMMARY
- GENERAL TRENDS
- COTTON: PRICES, PRODUCTION AND CONSUMPTION
- World cotton prices, production and consumption
- Trends in cotton prices
- Cotton supply and demand in the 2009/10 season
- Cotton stock levels in the 2009/10 season
- Cotton price trends in the 2009/10 season
- Cotton supply and demand in the 2010/11 season
- Cotton stock levels in the 2010/11 season
- Cotton price trends in the 2010/11 season
- Regional patterns of cotton supply and demand
- Regional patterns of cotton supply: 2009/10
- Regional patterns of cotton supply: 2010/11
- Regional patterns of cotton demand: 2009/10
- Regional patterns of cotton demand: 2010/11
- WOOL: PRICES, PRODUCTION AND CONSUMPTION
- World wool prices, supply and demand
- Trends in wool prices
- Wool supply and demand in the 2009/10 season
- Wool supply and demand in the 2010/11 season
- Regional patterns of wool supply and demand
- MAN-MADE FIBRES: PRODUCTION AND CONSUMPTION
- Trends in man-made fibre production by fibre type
- Geographical trends in man-made fibre production by fibre type
- Outlook
- Global Trends in Fibre Prices, Production and Consumption
- List of tables
- List of figures
Source: http://www.researchandmarkets.com/