Indian Yarn Exports Recover On Weakening Rupee

This improved the overall average unit realization spun yarn by almost 3%. Thus, the export earnings increased 15% during March from its February levels.

Yarn exports jumped 12% in March 2008 reckoned with the exports in February. Exports totaled over 60 thousand tons during the month as against 50,500 tons in February. March was also favorable on the exchange rate front, as rupee averaged above Rs 40/US$ and reaching the level of Rs 40.50/US$. This improved the overall average unit realization spun yarn by almost 3%. Thus, the export earnings increased 15% during March from its February levels. While exports of viscose yarn, cotton yarn increased significantly during the month, those of 100% polyester and poly-viscose declined sharply. Export of Poly/cotton was stable. (Comparisons are seasonally adjusted).

Among destinations, Bangladesh continues to be the largest importer of Indian yarns during March 2008. It imported about 6,600 tons of spun yarns at an average unit price of US$2.86/kg. Another 5,500 tons of spun yarn was exported to Korea and Turkey each. In terms of export volumes growth, Brazil, South Korea, Peru recorded increases of 40-80% while exports to China and Peru grew 30-40%. In similar comparison, average unit value realization spurted by over 6% in exports to Turkey, Brazil and Belgium. Decline in realization was witnessed in case of exports to Egypt and Peru.

Cotton Yarn Exports (All types)
Cotton yarn accounted for about 80% of all spun yarns exported during March 2008. During the month over 48 thousand tons of cotton yarn was exported to 84 destinations. This was higher by 17% (seasonally adjusted) over February, while unit value realization inched up by 7 cents. Bangladesh, the largest buyer of Indian cotton yarns, imported about 6,000 tons. About Approximately 5,450 tons were exported to South Korea and 3,500 tons were exported to Turkey, Brazil and Peru each.

30/1, 40/1, 24/1 and 20/1 were the top counts exported in March 2008. Average unit value realization too improved during the month.

Average unit value (US$/kg)
Count Jan Feb Mar
30/1 2.69 2.61 2.68
40/1 2.94 2.92 3.03
24/1 2.77 2.54 2.51
20/1 2.34 2.29 2.39

Synthetic Yarn Exports (Grey, dyed & m?lange)
During March, 3,125 tons of viscose yarn and 2,196 tons of polyester yarn were exported. While exports of viscose yarn increased 34% (after declining in February), those of polyester yarns declined dramatically by 34%. However, unit value realization increased for both the yarn types. Belgium was the largest importer of viscose yarn with a volume of 950 tons. The second largest was Italy with 340 tons. Together, these destinations accounted for 40% of viscose exported from Indian. They also accounted for 60% of incremental exports between February and March 2008.

30/1, 16/2, 16/4 were the top three counts exported in Viscose yarn.

Polyester yarn exports slumped in March in comparison with February volume. Turkey was the largest importer, importing 592 tons. The other major buyers were Brazil, Egypt and United States of America. 30/1, 20/1 and 12/4 were the top three counts exported.

Blended and Speciality Yarn Exports (Grey, dyed & m?lange)
About 3,050 tons of polyester cotton and 2,501 tons of polyester viscose (PV) yarns were exported in March. While exports of PC yarn increased 1% that of PV yarns declined 17%. Unit value realization was stable at US$2.97/kg for PV while it increased by 10 cents in case of PC yarns. The major buyers of Indian PV yarn were Turkey (590 MT), Brazil (469MT}, Syria (221MT) and Argentina (215MT) and these four countries made up 60% of the total Polyester ? Viscose yarn export. 30/2, 30/1 and 24/1 were the major counts exported in PV yarn.

Specialty yarn export increased by about 12% in March with export volume of 2,373 tons. Compact yarn export increased by 11.7% in terms of volume while unit value realization was up 21 cents a kg. Export of gassed yarn almost doubled to 535 tons in March with average unit realization declining 26 cents a kg. While organic yarn exports declined 31% that of core spun yarn increased 36%.

For detailed report on trends of fibers and raw materials please contact us at + 91 22 66291120 or write to us sales ( @ ) ynfx dot com.

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Contact Details

Company Name: Ynfx.com
Issued By: Darshana Yadav
Phone: 91 (22) 66291120
Address:
Zip: 400005
Website: Visit the website

by Darshana Yadav (few years ago!)

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