Indian Spun Yarn Exports Surged in June 2012, up 44% Y-o-Y
18 Jul 2012 - India - FREE REPORTS
Spun yarn exports zoomed in June 2012, (as per the data of 16 ports) to about 91 million kgs valued at US$317 million or Rs.1,740 crore. This was 44% higher than the exports in June 2011 in terms of volume and 12% up in terms of US$ value. With Rupee depreciating 22 per cent against the US$ in the comparable period, overall unit price realization declined 23 per cent averaging US$3.48/kg. Thus, export volume during the first quarter of 2011-12 aggregated 251 million kgs worth US$890 million or Rs. 4,715 crore.
During the month, spun yarns were exported to as many as 86 countries as against 83 last year. Six countries accounted for more than 50% of all spun yarn exports from India. They were China, Bangladesh, South Korea, Egypt, Turkey and Colombia.
Among regions, Asian destinations accounted for 57% of exports, while South America followed with a share of 15%. Middle East was the third largest spun yarn importing region accounting for 11% or US$35 million. Exports to North America declined sharply in June with total spun yarn export worth US$5.41 million, as against US$10.18 million last year. With the economic downturn in Europe notwithstanding, export was worth US$28 million, up 8 per cent from last year. It was the fourth largest region for spun yarn exports from India. Exports to Africa, which had sprung to be a major destination in May, saw a decline of 24 per cent in June valued at US$14 million. The share of East Europe was 2%. CIS and Oceania markets were still small with both accounting for about 0.7% of the total export value.
During June, cotton yarn accounted for over 80% of the total spun yarn exported from India. Manmade fibre yarn, comprising polyester, viscose and acrylic yarns, contributed around eight per cent while blended spun yarn accounted for the rest 11 per cent.
Over 72 million kgs of cotton yarn was exported in June worth US$256 million (Rs. 1,405 crore) implying unit price realization of US$3.55 a kg on an average. This was US cents 10 lower than May and US$1.14 down from a year ago level. Combed cotton yarn comprised 63% (45 million kgs) and 25% (18 million kgs) of carded yarn. Their respective unit value realization was US$3.82 per kg and US$3.20 per kg. Open end yarn formed the rest (5 million kgs) with realization at US$2.24 per kg. Cotton yarn was exported to 72 countries in June 2012, of which, five markets accounted for over 60% of Indian cotton yarn exports with total volume at 47 million kgs worth US$159 million. They were China, Bangladesh, Hong Kong, Brazil and Peru.
Man-made fibre spun yarn exports totaled 8.64 million kgs, comprising 3.24 million kgs of viscose yarn, 2.61 million kgs of polyester yarn and 1.50 million kgs of acrylic yarn. About 1.28 million kgs of unspecified synthetic yarns were also exported. Viscose yarn export was valued at US$11.70 million, implying average unit price realization of US$3.61 per kg, US cents 6 higher than previous month but US cent 66 lower than last year. These were exported to 29 countries with four accounting for more than 50% totaling US$6.06 million. Turkey was the top importer worth US$1.67 million, followed by Egypt with imports worth US$1.58 million. 30/1 Viscose yarn was the largest count in exports worth US$7.40 million for 1.84 million kgs. Polyester spun yarn export was worth US$7.46 million with unit price realization averaging US$2.86 per kg. They were exported to 36 countries with Pakistan being the largest importer for the month. Only four countries accounted for more than 50% with total export of US$3.84 million.
Blended spun yarns exports aggregated 10.35 million kgs valued at US$34.35 million. They mainly comprised 5.93 million kgs of PC yarns and 3.82 million kgs of PV yarns. Cotton/viscose, Poly/wool, Acrylic/cotton and Poly/acrylic were the other major blended yarns. While exports of PC yarn was valued around US$18.63 million that of PV yarn was worth over US$12.57 million during the month. PC blended yarns were exported to 49 countries, of which, six accounted for 50% of total PC yarn export. Bangladesh was the largest importer of PC yarn from India in June 2012 followed by Turkey and Colombia. PV yarns were exported to 24 markets with Turkey alone accounting for more than 50% during the month. Turkey imported 2.00 million kgs valued at US$6.68 million while Iran, the second largest importer saw volume at 481,000 kg worth US$1.36 million.
This “Yarn ExportWatch Report” is based on data collected from 16 major ports in India which handle over 90% of textile cargo originating from the country. They are Bombay Air, Calcutta Sea, Cochin Sea, Delhi Air, Delhi PPG ICD, Delhi TKD ICD, Hyderabad ICD, JNPT, Ludhiana ICD, Madras Air, Madras Sea, Mundra, Pipavav, Pithampur ICD, Tuticorin Sea and Vizag Sea.