Exports of spun yarn continued its decline in December 08. The exports at 28.9 million kgs were down 39% compared to the same month a year ago. However, compared to the previous month exports were up 4%. Major declines were seen in cotton PV and viscose yarn exports. Cotton yarn exports declined 35% to 23.4 million kgs. The overall unit price realization averaged US$ 2.83/kg while that for cotton yarn was US$ 2.80/kg.

Destination wise, Bangladesh was the major importer of yarn followed by Egypt and China. Compared to last year, exports to Bangladesh and Egypt declined whereas to China it surged 112%. Bangladesh imported 3.7 million kgs of yarn at an average price of US$ 2.72/kg. Egypt and China together imported 4.4 million kgs at respective average price of US$ 2.33/kg and US$ 2.59/kg.

About Peru
Peru is on the Pacific coast of South America and is the third largest country in the region (1/3rd the size of India). It is bordered by Brazil, Ecuador, Colombia, Bolivia and Chile. It has a population of around 28 million people of which a third live in the capital Lima. The other main cities include Arequipa, Trujillo, Chiclayo, Piura and Cusco. The main language is Spanish, although two other languages - Quechua and Aymara are also used in the Andean highlands.

Capital: Lima (port city)
Currency: Nuevo Sol (S/.). One nuevo sol
equals 100 céntimos.
Textiles exports: US$1,660 million (US$250 million textile and US$1,406 million clothing)
Textiles imports: US$680 million (US$472 million textile and US$211 million clothing

2008 witnessed major upheaval in the global commodity markets with most commodities touching unprecedented high in the first half only to fall dramatically in the second half of the year. This was accompanied by bouts of recessionary pressures with almost a collapse in global economy by the end of the year. During the second half of 2008 particularly in the last quarter, economies of USA, almost the entire Europe and Japan were reeling under recession. The collapse in prices had left producers gasping as on one hand they bought raw material at high price and on the other hand demand was shrinking abruptly.

REPORT ON NYLON CHAIN 2008 – INDEPTH MARKET ANALYSIS
The US$1,000 million nylon industry – the first synthetic fibre produced ever, has been performing in a very sluggish manner in recent times. Nylon production has been hovering between 3.8-3.9 million tons since the past 5-6 years. Investments are severed in this industry which is facing serious competition from cheaper material of polyester and polypropylene. Research and development is limited to further improvement in the nylon performance with little effort to explore new usages.