Basic textiles export from India fails to recover in December
Basic textiles export declined 27% YoY in December 2019, both in terms of US$ and INR worth US$641 million or INR4,521 crore, accounting for about 2.3% of total merchandise exported from India during the month. A year ago, the same group of basic textiles had accounted over 3% of total merchandised export. Meanwhile, the INR to an US$ weakened to average INR70.55 this December from INR69.35 last year.
Spun yarns shipment totaled 115 million kg (slightly below last year) worth US$312.50 million (down 9%) or INR2,204 crore (down 8%). The unit value realization of all types of spun yarn averaged US$2.71 per kg, lower by US cents 28 from a year ago and up US cent 1 from previous month. Bangladesh remerged as the largest market for spun yarns, topping both in terms of volume and value, having risen year on year.
Cotton yarn export was 91 million kg worth US$250 million (INR1,766 crore), down 14% from a year ago level. 78 countries imported cotton yarn from India in December at an average price of US$2.752 a kg, up US cents 3 from previous month but down US cents 27 from a year ago.
100% man-made fibre yarns exports surged 39% in November extending the rally seen in the previous month. They comprised 3.1 million kg of viscose yarn, 3.6 million kg of polyester yarn and 1.9 million kg of acrylic yarn. The rise was led by viscose yarn, which almost doubled in terms of volume and up 40% in value.
Blended spun yarns worth US$40 million were exported in December, up 3% YoY. During the month, 9.9 million kg of PC yarns was exported worth US$23 million while 3.7 million kg of PV yarns were exported worth US$9.50 million.
All kinds of filament yarns shipment totaled 69 million kg (up 15% YoY), valued at US$104 million (down 3.6%. YoY). Only nylon and polypropylene filament yarn exports were up in value terms with significant increases.
Basic textiles export here comprise all types of fibres, all spun yarns and filament yarns.
Source: Fibre To Yarn Export Statistics – India report
