September sees marginal rise in basic textile export
In September, basic textile export comprising fibres, spun, filament yarns and fabric was up 7% YoY in terms of US$ worth US$821 million or INR6,057 crore, accounting for about 2.95% of total merchandise exported from India during the month. The increase was mainly a recovery of sharp decrease seen in September 2019.
Spun yarns shipment totaled 119 million kg worth US$294 million or INR2,168 crore. They were 32% higher than August 2019 in terms of volume and 15% up in terms of US$. Bangladesh was the largest importer in spun yarns with value up 71%, followed by China (11). These two markets accounted for about 37% to total yarn shipment during the month.
Cotton yarn, the major textile export item, was 96 million kg worth US$198 million (INR1,790 crore). These were shipped to 75 countries at an average price of US$2.06 a kg, down US cents 43 from previous month and US cents 86 down from a year ago. Bangladesh was the top cotton yarn market, followed by China, Peru, Portugal and Egypt.
100% man-made fibre yarns exports of 7.77 million kg, comprised 3.51 million kg of polyester yarn, 2.37 million kg of acrylic yarn and 1.75 million kg of viscose yarn. Polyester yarn export was worth US$6.9 million or INR51 at an average price of US$1.97 per kg in September. USA was the largest market followed by Bra-zil. Viscose spun yarns export was worth US$5.41 million and were exported at an average unit price of US$3.10 a kg. Turkey was the largest importer of polyester yarn, followed by Bangladesh and Sri Lanka.
Blended spun yarns worth US$32 million were exported in September, including 9.8 million kg of PC yarns and 2.7 million kg of PV yarns. Egypt was the largest importers of PC yarn from India followed by Peru while Turkey was the largest importer of PV yarns from India followed distantly by Brazil.
All kinds of filament yarns shipment totaled 57 million kg, valued at US$75 million or INR556 crore. Nylon exports which had shown increases until now, fell in September. Viscose filament, which were falling sharp-ly until August, the fall decelerated in September to 0.3%). Polyester filaments export was also down 12% during the month, slower than in preceding months.
All kinds of manmade staple fibres shipment totaled 36 million kg, valued at US$31 million or INR2306 crore. Polyester staple fibre exports were up 24% in volume but down 11% in terms of value. The per unit realization was US$0.73 a kg or INR1.01 a kg, down 28% year on year. Viscose fibre export surge 65% in volume and up 8% in value with price realisation down 34%.
Cotton fibre shipment in September continued to surge with volume at 541 thousand bales worth INR1,004 crore or US$136 million. With this, the 2019-20 season (Oct-19 to Sept-20) end with 61.84 lakh bales worth US$1,580 million or INR11,368 crore. In 2018-19, exports had totaled 54.63 lakh bales worth US$1,678 mil-lion or INR11,777 crore. Bangladesh was the largest market for Indian cotton export during September, fol-lowed by China and Vietnam.
All kinds of fabric totaling 667 million sq metres valued at US$285 million or INR2,099 crore was exported from India in September 2020. They were 19% down in value but volumes shipment was 44% higher year on year.
