Manmade fibre spun yarns export declined sharply in March

Spun yarns made of man-made fibres recorded sharp decline in export both in terms of volume and value. During March, a total of 6.85 million kg of man-made spun yarn were exported, comprising 3 million kg of polyester yarn, 2.1 million kg of viscose yarn and 1.7 million kg of acrylic yarn. Polyester yarn exports were down 31 per cent in value while viscose yarn export was down 16 per cent during the month. Unit price realization was down US cents 10 for viscose and US cents 27 for polyester from a year ago. Acrylic yarn export jumped 12 per cent in volume while unit price realization fell US cents 19 to US$3.02 per kg.

Viscose yarn found buyers in 25 countries in March with exports valued at US$6.46 million or INR39 crore and volume at 2.13 million kg, implying average unit price realization of US$3.04 per kg. This was US cents 18 higher than realized in February and US cents 10 lesser than a year ago. Belgium continued to be the single largest importer of viscose yarn worth US$1.60 million followed by Egypt with imports worth US$0.91 million.

Algeria, Indonesia, Mexico, Japan and Thailand were the new markets for viscose yarns in March 2015, together importing yarn worth US$0.63 million with volumes at 178,000 kg. Meanwhile 12 other countries did not import any viscose yarns this March with majors ones being Syria, Costa Rica and Croatia. Belgium, Portugal, United Kingdom, Sri Lanka and Bangla-desh have cut their import of viscose yarns from India compared to last year.

Polyester spun yarns were exported to 49 countries in March aggregating US$7.08 million with a unit price realization averaging US$2.36 a kg. A total of 3 million kg was exported, of which, 34 per cent was only to Egypt and USA. Nigeria, Argentina, Saudi Arabia, Kenya and Tanzania were the new markets of polyester yarns in March.

Blended spun yarn exports aggregated US$38.6 million in March with volumes at 13.3 million kg. This includes 6.5 million kg of PC yarns worth US$17 million and 4.8 million kg of PV yarns valued at US$13.3 million. Egypt was the largest importer of PC yarn from India followed by Bangladesh, amongst the 49 countries that imported PC yarn from India in March. While Ecua-dor, Vietnam, Lebanon and Peru were the fastest growing markets for PC yarns, Sudan, United Arab Emirates, Djibouti, Honduras and Iran did not import any. Meanwhile, Pakistan, Mexico, Venezuela, Algeria and Israel significantly cut their imports of PC yarns from India. Among new markets Latvia was the major one in March 2015.

Turkey remained the largest importer of Indian PV yarns in March with volumes at 2.65 million kg worth at US$7.3 million, followed by Iran and Pakistan. Egypt and Tunisia were the new ma-jor markets for Indian PV yarn during the month while Tanzania, Spain, South Korea and Colombia did not import any PV yarns from India.

Courtesy: Fibre and Yarn Exports – India Report, April 2015