NewswireToday - /newswire/ -
London, United Kingdom, 2010/04/28 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.
The report “World Fibre Trends in Demand and Supply 2009” analyses the trends in global demand and supply of textile fibre/filament. The report covers all major fibre producing countries accounting for 85% of global production and consumption.
The 276 page assesses the impact of the recession on the textile fiber/filament industry including natural fibers, particularly cotton, and how each country performed in this scenario. The analysis assesses the positions of fibers/filaments industry as events unfolded. The evolution of Global Slowdown and its spread across the world has been critically documented in perspective of textile industry. The demand crunch began in mid-2008 and continued into 2009. Also documented are the approaches of developed countries and the stimulus packages announced by various governments.
All fiber types were negatively affected by the economic slump in 2008. While cotton use has witnessed its second consecutive decline, the long-term downswing for wool continued. Cellulosics experienced an all-time high in 2007 after six years of strong growth, were down 16% last year. Consequently, every single sub-category was also down. The entire filament yarn industry has lost a volume of 620,000 tons last year.
The US$45 billion polyester industry was no exception to this vagary. Both supply and demand declined. The polyester value chain lost almost US$0.70 billion worth of production as it ended the year at US$46.5 billion. While the loss in polyester segment was US$0.50 billion at US$16.5 billion, the filament segment was somewhat fortunate with a loss of just US$0.18 billion, now values at US$30 billion.
The value of US$15.22 billion nylon industry (filament and staple fibre) in 2007 was eroded by 8% or US$1.2 billion to US$14.02 million in 2008. While production volume declined 8.9%, prices gained little over 1% globally. Prices, after peaking in mid-2008 crashed to almost half the level by end of the year.
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