Blended yarns export value dips 5.8pc after recent rise

India’s blended spun yarns export was worth US$30.3 million in May 2016, down 5.8 per cent YoY while volumes were at 10.5 million kg. During April 2016, blended spun yarns export value was up 11.2 per cent YoY while volumes rose 19.5 per cent as compared to the same month last year.

5.3 million kg of PC yarns was exported from India during May. Polyester cottons yarns were exported to 47 countries in May 2016, of which, Bangladesh and Honduras were the largest importers of PC yarn from India in May followed by Colombia.

Philippines, Australia, Russia, Venezuela and Guatemala were the fastest growing markets for PC yarns while Dominican Republic significantly reduced its import of PC yarns from India.

Algeria and Indonesia were among the 11 countries that did not import any PC yarns from India during May. Belgium was the major destination among the 7 new markets found in May.

In May, PV yarns were exported to 31 countries from India with volumes at 3.7 million kgs. Turkey continued to be largest importer of PV yarns from India with 52.5 per cent share of the total volume exported from India during the month.

Russia and Yemen were the new major markets for PV yarn while 6 countries did not import any PV yarn during the month, including the major ones like Peru, Israel and Czech Republic.

Also, acrylic/cotton yarn prices were down 16 per cent YoY in May.

Courtesy:YnFx – Fibre and yarn Exports – India