Spun yarn export jumps in February only to cover fall of January
In February, spun yarn export shipment jumped 30% while values in US$ term surged 39%. Totaled volume shipped was 105 million kg during the month, worth US$330 million. Unit value realization averaged US$3.13 per kg, up US cents 5 from previous month, and US cents 21 up compared to last year. The surge is largely due to carry over of January volumes into February due to tax anomalies.
Meanwhile, the INR appreciated from INR67.6 to INR63 this February. Yarn exports to the largest buyer China, continued to con-tract both in terms of volume and value (2% and 4% YoY) during February. It still accounted for 20% of all yarn shipped during the month.
Cotton yarn export
Cotton yarn export at 86 million kg worth US$275 million (INR1,735 crore) was down 40% in February as 70 countries imported cotton yarn at an average price of US$3.18 a kg, US cents 2 more than previous month and up US cents 19 from last year.
China sharply reduced its import of cotton yarn from India by 1.2% in volume but up 1.5 in value terms and was top importer during the month. It was followed by Bangladesh with volume and value both more than doubling over the year. Portugal and South Korea were the other major importers, also increasing their im-ports from India. Pakistan was the fifth largest destination but has been reducing its import in recent months. 11 countries did not import any cotton yarn from India as they did last February, but were re-placed by seven other countries which imported yarn worth US$0.50 million.
Croatia, Syria, Slovenia, Paraguay, and Mexico were among the fastest importers of cotton yarn in February while Bahrain, Canada and Brazil significantly reduced their import compared to last year.
MMF yarn and filament
100% man-made fibre yarns exports fell in volume and value in February. MMF yarn exports comprised 3 million kg of polyester yarn, 1.8 million kg of viscose yarn and 0.9 million kg of acrylic yarn. Polyester yarn exports rose 11 in value while viscose yarn exports value increased 13% during the month. Acrylic yarn exports were down 54%.
Polyester spun yarns were exported to 42 countries at average unit price of US$2.44 a kg. Turkey was the largest importer of polyester yarn, followed by Egypt and Brazil. Viscose yarn worth US$6.2 million or INR39 crore was exported in February at an average price of US$3.44 per kg. Bangladesh sprang as the top importer worth US$1.5 million, followed by Belgium and Iran.
Blended spun yarns worth US$39 million were exported in February, up 55% YoY in value terms. During the month, 6.9 million kg of PC yarns was exported worth US$19 million while 4 million kg of PV yarns were ex-ported worth US$12 million.
Egypt, Bangladesh and Brazil were the largest importers of PC yarn from India while Turkey was the only major importer of PV yarns from India followed distantly by Iran.
Shipment of all kinds of filament yarns totaled 61 million kg, up 21% YoY while value jumped 47% to US$108 million.
About the report: Textile Beacon’s “Fibre to Yarn Trade Statistics – India” report covers shipment data on all kinds of fibres, spun yarns and filament yarns from Indian ports. It covers natural and manmade fibres, spun yarns of cotton, viscose, polyester, acrylic, and their blends, filament yarns of polyester, nylon, polypropylene and viscose. Three key variables, namely – Volume, value and unit price realization, are analysed by counts and markets.
