India saw major slow down in export of polyester spun yarns to Slovenia

YarnsandFibers News Bureau 2016-01-12 16:00:00 – UK

India exported a total of 2.56 million kgs of polyester spun yarn to 47 countries in November 2015 totaling US$5.73 million, out of which 16.8 percent was shipped by Turkey. The unit price realization was averaging US$2.24 per kg down by US cents 39 a kg and in value terms it was also 9.7 percent down as compared to November 2014.

In November, thirteen new destinations were found for polyester yarn of which, Nigeria, Ecuador, Cote D'Ivoire, Togo and Mauritania were the major ones.

Substantial slowdown in export was seen to Italy, Sri Lanka, Slovenia, Djibouti and Bangladesh. While on the other end Iran, Germany, Syria and Taiwan were among the fastest growing markets for polyester spun yarn, and accounted for 10 per cent of total polyester spun yarn export value.

Nine countries that did not import any polyester yarn from India, including Argentina, Russia, United Arab Emirates and Peru.

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