Cotton yarn export surges 50 pc in December as China tops
Cotton yarn export was 126 million kg worth US$367 million (INR2,673 crore). They were up 50% YoY and were shipped to 74 countries at an average price of US$2.91 a kg, up US cents 18 from previous month and US cents 16 from a year ago. China remained as the top cotton yarn market, followed by Bangladesh, Vietnam and Egypt.
100% man-made fibre yarns exports of 13 million kg, comprised 5.3 million kg of polyester yarn, 4.5 million kg of viscose yarn and 2.9 million kg of acrylic yarn. Polyester yarn export was up 46% worth US$11.5 million or INR84 at an average price of US$2.16 per kg in December. USA was the largest market followed by Brazil and Morocco. Viscose spun yarns export was worth US$12 million (up 38%) and were exported at an average unit price of US$2.67 a kg. Turkey was the largest importer of viscose yarn, followed by Brazil and Belgium.
Blended spun yarns worth US$57 million were exported in December, including 162 million kg of PC yarns and 4.9 million kg of PV yarns. Compared to a year ago, PC yarn export surged 60% while PV yarn export were up 13%. Argentina was the largest importers of PC yarn from India followed by Brazil while Turkey was the largest importer of PV yarns from India followed by Brazil.
All Yarns Exports
Spun yarns shipment totaled 162 million kg worth US$459 million (up 52% YoY) or INR3,346 crore (up 47%) in December. They were down 9% than December 2019 in terms of US$. Compared to November 2020, they were up 55% both in US$ in INR terms. China was again was the largest importer in spun yarns with value up 81%, followed by Bangladesh (11%). These two markets accounted for about 35% to total yarn shipped during the month.
Basic Textile Exports
In December, basic textiles comprising fibres, spun and filament yarns shipment was up 43% YoY in terms of US$ worth US$919 million or INR6,706 crore, accounting for about 3.4% of total merchandise exported from India during the month. The increase was mainly a recovery of sharp decrease of 27% seen in December 2019. On a cumulative basis, exports were just 4% up in the first nine months of 2020-21, com-pared same period a year ago.
