Man-made fibre yarns export continues uptrend, up 35.9% in value

100% man-made fibre yarns export from India was valued at US$20.76 million in June 2016, up 35.9 per cent YoY while volumes were at 7.82 million kg, up 40.5 per cent as compared to the same month last year. The total volume comprised 2.93 million kg of polyester yarn, 3.81 million kg of viscose yarn and 1.07 million kg of acrylic yarn.

Polyester yarn exports were up 6.9 per cent in value while viscose yarn exports value surged 108.3 per cent during the month. Acrylic yarn exports saw a drastic plunge of 24.7 per cent in June. Unit price realization was down US cents 14 a kg for polyester from a year ago and that of viscose yarn was down US cent 1 a kg. Acrylic yarn unit price realization was down US cents 70 a kg year on year basis.

Polyester spun yarns were exported to 49 countries in June with total volumes at 2.93 million kg, of which, 23.2 per cent was shipped by Turkey alone. Twelve new destinations were found for polyester yarn this June, of which, Canada, Argentina, Uganda, Algeria and Russia were the major ones.

Turkey, Egypt and Indonesia were the fastest growing markets for polyester yarns while four countries did not import any polyester yarns during the month including Botswana and Nigeria.

Viscose yarn export was at 3.81 million kg and were exported to 25 countries with Iran at the top, followed by Belgium. Both these markets accounted for 45.7 per cent of all viscose yarn exported in June.

Brazil, Egypt, Germany and Indonesia were the fastest growing markets for viscose yarns while Portugal, United Kingdom, Canada, China and Turkmenistan were the new major markets.

Pakistan, South Korea and Vietnam were the major ones among the 7 countries that did not import any viscose yarns during the month.

Courtesy:YnFx – Fibre and yarn Exports – India