Cotton yarn exports linger, polyester yarn surges
Spun yarn including cotton yarn exports edged down in December, but higher price realization pegged values in US$ term up 4.4%. Export totaled 126 million kg during the month, down 1.4% year on year worth US$375 million. Unit value realization averaged US$2.96 per kg up US cents 2 from previous month, and US cents 17up compared to last year. Meanwhile the INR appreciated from INR67 to INR64 this year. Yarn exports to the largest buyer, China declined 20% both in terms of volume and value during December. It still accounted for 32% of all yarn shipped during the month. A year ago, the share was close to 37%.
Cotton yarn export at 104 million kg worth US$312million (INR1,990 crore) was down 3.5% in November as 75 countries imported yarn at an average unit price realization of US$3.01a kg, US cents 3more than previous month and US cents 16 higher than last year
China continued to cut its import of cotton yarn from India by 4% in November and further by 18% in December in value terms, but still accounted for 35% of total shipment during December followed by Bangladesh and Pakistan.16 countries did not import any cotton yarn from India as they did last December. They were replaced by 11 other countries which imported yarn worth US$1.75million.
Kenya, Syria, Czech Republic, Vietnam and Italy were among the fastest growing large markets for cotton yarn in December while Indonesia, USA and Brazil reduced their import significantly compared to last year.
100% man-made fibre yarns export also moderated in volume but higher price realisation more than compensated the loss in December.MMF yarns comprised 4.2million kg of polyester yarn, 1.7 million kg of viscose yarn and 1.6 million kg of acrylic yarn. Polyester yarn exports jumped 23% in value while viscose yarn exports value declined 11% during the month. Acrylic yarn exports inched up 1.5% while volumes jumped 13% at lower price realization.
Polyester spun yarns were exported to 49 countries at average unit price realization of US$2.39 a kg. Turkey remained the largest importer of polyester yarn, followed by Brazil and USA.
Source: Fibre to Yarn Export Statistics – India report of December 2017
