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Spun yarn export growth tapers in October, values decline

YarnsandFibers News Bureau 2015-11-30 12:56:00 – Mumbai

Spun yarn exports growth slowed down in October 2015 to just 4.1 per cent in volume terms in October 2015. In value terms, it declined 9.5 per cent. Spun yarn (all kinds) shipments were at 112 million kg worth US$310 million or INR2,007 crore, implying per unit realisation of US$2.78 per kg. This was US cents 4 down from previous month and down US cents 41 from October 2014. It was also the lowest since February 2015.

China continued to propel yarn export from India, although average unit value realization continued to decline hovering in the range of US$2.78-2.82 per kg on an average.

During October, 83 countries imported spun yarn from India, with China accounting for 32 per cent of the total value with imports rising 8 per cent in terms of volume YoY while declining 6 per cent in value YoY. In September, it had clocked YoY growth of 30 per cent in volume and 13 per cent in value. Thus, October growth has been too low. Bangladesh, the second largest importer of spun yarns, accounted for around 17 per cent of all spun yarn exported from India. However, export to Bangladesh increased 33 per cent in volumes and 17 per cent in value. Egypt, the third largest importer of spun yarns, saw volume rising 1.1 per cent whereas value was down 14.6 per cent. These three top importers together accounted for close to 55 per cent of all spun yarn exported from India in October.

Cotton yarn export was at 91 million kgs in October with 73 countries importing yarn worth US$253 million (INR1,635 crore) in October 2015. The average unit price realization was at US$2.77 a kg, down US cents 5 from previous month and US cents 45 down from the same month a year ago. China was the largest importer of cotton yarn from India in October, followed by Bangladesh and Egypt. The top three together accounted for more than 62 per cent of cotton yarn with combined volume at 59 million kg worth US$156 million. Their respective unit price realization was US$ 2.47 a kg, US$3.02 a kg and US$2.70 a kg.

Japan, Colombia, Malaysia, Argentina and Bahrain were among the fastest growing markets for cotton yarn, and accounted for 5 per cent of total cotton yarn export value. Eight new destinations were added for cotton yarn export, of which, Honduras, Cambodia, Romania, Saudi Arabia and Estonia were the major ones.

Only six countries did not import any cotton yarn from India, including Syria, Costa Rica, Sudan, Zambia and Paraguay. They had imported yarns worth US$0.36 million in October 2014. In October 2015, significant deceleration was seen in export to Venezuela, Latvia, Ukraine, Brazil and Kenya.

Combed cotton yarn accounted for over 63 per cent of cotton yarn exported in October with volumes at 52 million kgs worth US$160 million. Carded yarn export was at 31 million kg. Their respective unit value realization was US$3.09 per kg and US$2.41 per kg. Open ended yarn export was at 6.2 million kg at an average price of US$1.74 a kg.

Courtesy: YnFx – Fibre and yarn Exports - India

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