MMF spun yarn export falls in September, shipments just up

100% manmade fibre yarns export aggregated 6.35 million kg in September valued at US$17 million. This comprised 2.47 million kg of polyester yarn, 2.59 million kg of viscose yarn and 1.23 million kg of acrylic yarn. Compared to a year ago, shipment managed to remain just up while value was down 7 per cent.

Polyester yarn exports were down 23 per cent in value while viscose yarn export grew 18 per cent during the month. Acrylic yarn export was also down 14 per cent. Unit price realization was down US cents 34 a kg for polyester from a year ago and that of viscose yarn was down US cents 29 a kg. Acrylic yarn unit price realization was down US cents 11 year on year basis.

Polyester spun yarns were exported to 44 countries in September aggregating US$5.80 million with a unit price realization averaging US$2.35 a kg. A total of 2.47 million kg was exported, of which, 20 per cent was shipped by USA alone. Twelve new destinations were found for polyester yarn this September, of which, Nigeria, Canada, Algeria, Tunisia and Cote D’Ivoire were the major ones.

Viscose yarn export was valued at US$7.62 million or INR50 crore and volume at 2.59 million kg, implying average unit price realization of US$2.95 per kg. This was US cents 29 lower than a year ago. They were exported to 22 countries with Belgium at the top worth US$2.54 million. It was followed by Bangladesh with imports worth US$1.38 million. Both these markets accounted for 50 per cent of all viscose yarn exported in September. Portugal, Thailand and Bangladesh were the fastest growing markets for viscose yarns while Pakistan was the new major market. Spain, Bulgaria, Ecuador and Morocco were the major ones among the 7 countries that did not import any viscose yarns during the month.

Acrylic yarn export declined 11 per cent in volumes and 14 per cent in value at 1.2 million kgs and US$3.5 million. This suggests that the industry was entering a lull phase. USA, Djibouti and Kenya were major destinations for acrylic yarn during the month with total volumes at 0.7 million kgs worth US$1.7 million.

Courtesy: YnFx – Fibre and yarn Exports – India