Yarn export in October manages to remain flat

Yarn export or shipment totaled 109 million kg worth US$289 million or INR2,102 crore. They were 5% higher than October 2019 in terms of volume and just 1% up in terms of US$. Bangladesh was the largest importer in spun yarns with value up 11%, followed by China (-16%). These two markets accounted for about 35% to total yarn shipment during the month.

Cotton yarn export was 88 million kg worth US$238 million (INR1,731 crore). These were shipped to 78 countries at an average price of US$2.72 a kg, up US cents 66 from previous month but US cents 8 down from a year ago. Bangladesh was the top cotton yarn market, followed by China, Peru, Portugal and Vietnam.

100% man-made fibre yarns exports of 7.49 million kg, comprised 3.23 million kg of polyester yarn, 2.07 million kg of viscose yarn and 1.76 million kg of acrylic yarn. Polyester yarn export was worth US$6.6 million or INR48 at an average price of US$2.04 per kg in October. USA was the largest market followed by Brazil and Turkey. Viscose spun yarns export was worth US$6.39 million and were exported at an average unit price of US$3.08 a kg. Bangladesh was the largest importer of viscose yarn, followed by Turkey and Iran.

Blended spun yarns worth US$33 million were exported in October, including 10.2 million kg of PC yarns and 2.3 million kg of PV yarns. Peru 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.

Overall, basic textiles comprising fibres, spun and filament yarns shipment in October was up 22% YoY in terms of US$ worth US$575 million or INR4,178 crore, accounting for about 2.3% of total merchandise exported from India during the month. The increase was mainly a recovery of sharp decrease of 26% seen in October 2019. Even compared with previous month, the increase was a mere 7%.

On a cumulative basis, exports were still down 5% in the first seven months of 2020-21, compared same period a year ago.

Source: Textile Beacon Global Info Services