By admin       2016-08-24

India’s spun yarn exports in July 2016 plunged 36% in volume terms and 36% in value terms. Total shipments were at 81.3 million kg worth US$237 million or INR1,575 crore, implying average per unit realisation of US$2.91 per kg, which was up US cents 13 from previous month and unchanged as compared to July 2015. Indian spinners were confronted with a fall of their margins and found it difficult to compete on the international market. China has significantly reduced cotton yarn import from India. Thus, Bangladesh became the largest importer of spun yarns from India in terms of value in July. Bangladesh imported spun yarns worth US$287 million at an average price realization at US$3.10 a kg while China imported at an average unit price of US$2.57 a kg during the month. In July 2016, 83 countries imported spun yarn from India, with Bangladesh at the top accounting for 18%. of the total value with imports rising 24% YoY in terms of volume and 22% in value. China ranked second in July and accounted for around 18% of all spun yarn exported from India. Export to China plunged 75% in volumes and value. Peru was the third largest importer of spun yarns, which saw volume and value almost doubling YoY. These three top importers together accounted for around 42% of all spun yarns exported from India in July. 100% man-made fibre yarns export was at 6.75 million kg in July, comprising 2.70 million kg of polyester yarn, 3.08 million kg of viscose yarn and 0.78 million kg of acrylic yarn. Polyester yarn exports were up 6% in value while viscose yarn exports value surged 41% during the month. Acrylic yarn exports plunged 36% in July. Unit price realization was down US cents 12 a kg for polyester from a year ago and that of viscose yarn was up US cents 8 a kg. Acrylic yarn unit price realization was down US cents 6 a kg year on year basis.

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