Yarn export surges 79 pc in March led by blended yarns
Basic textiles export comprising fibres, spun and filament yarns shipment more than doubled in March 2021 in terms of US$ worth US$1,023 million or INR7,358 crore, accounting for about 3% of total merchandise exported from India during the month. The increase was mainly driven by sharp increase in cotton exports during the month. On a cumulative basis, exports were just 15% up in the financial year 2020-21, from 2019-20. Exports in April and May will also see sharp surges, mainly due to low base.
All Yarn export
Spun yarns shipment totaled 134 million kg worth US$442 million (up 79% YoY) or INR3,180 crore (up 78%) in March 2021. Compared to February 2021 (a shorter calendar month), they were up 26% both in US$ in INR terms. Bangladesh reemerged as the largest importer in spun yarns, with value rising 54% year on year, followed by China (up 239%). These two markets accounted for about 46% to total yarn shipped during the month.
Cotton yarn export
Cotton yarn export volume was at 103 million kg worth US$355 million (INR2,554 crore). These were shipped to 72 countries at an average price of US$3.45 a kg, up US cents 15 from previous month and US cents 51 from a year ago. China remained as the top cotton yarn market, followed by Bangladesh, Vietnam and Portugal.
Non-cotton yarn export
100% man-made fibre yarns exports were at over 10 million kg during March, comprising 4.2 million kg of polyester yarn, 3.7 million kg of viscose yarn and 2.1 million kg of acrylic yarn. Polyester yarn export was worth US$9.6 million (INR69 crore) at an average price of US$2.29 per kg. Brazil was the largest market followed by Turkey and USA. Viscose spun yarns export was worth US$12 million and were exported at an average unit price of US$3.32 a kg. Turkey was the largest importer of viscose yarn, followed by Bangladesh and Belgium.
Blended yarn export
Blended spun yarns worth US$58 million were shipped in March, including 26 million kg of PC yarns and 4.4 million kg of PV yarns. Egypt was the largest importers of PC yarn from India followed by Bangladesh while Turkey was the largest importer of PV yarns from India followed distantly by Brazil.
