Global trends in fibre prices, production and consumption, October 2017
Trends in the fibre sector are an important indicator of future trends in the textile and apparel industry as a whole. This report provides an overview of general trends in fibre prices, production and consumption by country and region. It also provides insight, information, data and analysis of the key fibre types – natural and man-made. Furthermore, it provides forecasts of cotton demand, supply and prices for the forthcoming year. World fibre demand rose in 2016, but growth was slower than in the previous year. The rise in demand can be attributed mainly to an increase in the demand for man-made fibres—particularly synthetic fibres. Overall, demand for natural fibre was down although demand for wool and silk edged up. The average price of cotton in the 2016/17 crop year was higher than in the previous year but there was some weakening of the cotton price between May 2017 and August 2017. Looking to the future, output is expected to increase at a faster rate than demand in 2017/18 and so there is likely to be some further weakening of the cotton price.