Cotton yarn shipment decreases sharply in January

In January, spun yarn shipment declined 28% while values in US$ term were down 21%. Volume totaled 102 million kg during the month, worth US$315 million. Unit value realization averaged US$3.08 per kg, up US cents 12 from previous month, and US cents 28 up compared to last year. Meanwhile, the INR appreciated from INR67 to INR63 this January.

Yarn exports to the largest buyer, China declined 70% both in terms of volume and value during January. It still accounted for 14% of all yarn shipped during the month. In 2017, India was the second largest cotton yarn supplier to China with a share of 19% in its total imports. The top suppliers, obviously, remained Vietnam with a share twice of India. However, there was a sharp recovery seen in imports from India in last few months of 2017 with India topping against all others, but opening 2018, this position has dropped sharply.

Cotton yarn

Cotton yarn export at 81 million kg worth US$258 million (INR1,623 crore) was down 25% in November as 75 countries imported yarn at an average unit price realization of US$3.16 a kg, US cents 15 more than previous month and US cents 31 up from last year.

China sharply reduced its import of cotton yarn from India by 70% in January in value terms, but still ac-counted for only 17% of total shipment during the month. Bangladesh was the top importer of cotton yarn accounting for 25% of total exports. While volume export to Bangladesh jumped 33% value was up 35%. Portugal and Egypt were the other major importers, also increasing their souring from India, while Pakistan was the fifth largest destination, but has reduced its import by about 50%. 13 countries did not import any cotton yarn from India as they did last January but were replaced by 10 other countries which imported yarn worth US$1.40 million.

Non-cotton yarn

100% man-made fibre yarns export also moderated in volume and value in January. MMF yarns comprised 4.7 million kg of polyester yarn, 1.3 million kg of viscose yarn and 1.1 million kg of acrylic yarn. Polyester yarn exports rose 9% in value while viscose yarn exports value declined 45% during the month. Acrylic yarn exports were also down 305%.

Polyester spun yarns were exported to 50 countries at average unit price realization of US$2.33 a kg. Tur-key remained the largest importer of polyester yarn, followed by USA and Egypt. Viscose yarn worth US$4.6 million or INR29 crore was exported in January at an average unit price realization of US$3.55 per kg. Belgium was the top importer worth US$1.2 million, followed by Turkey and Bangladesh

Blended yarn

Blended spun yarns worth US$40 million were exported in January, up 13% YoY in value terms. During the month, 7.6 million kg of PC yarns was exported worth US$20 million while another 4 million kg of PV yarns were exported worth US$11 million. Egypt, Bangladesh and Turkey were the largest importers of PC yarn from India while Turkey was also the only major importer of PV yarns from India followed distantly by South Africa

Source: Textile Beacon’s Fibre to Yarn Export Statistics