India Spun Yarn Export - May Review

The overall rise on global commodity prices and weakening of the dollar took a toll on Indian yarn exports in May 2008. Added to this were the fueling domestic prices of cotton and other raw material made Indian goods dearer. Raw cotton prices were up 19% in May compared to January 2008. They were a whopping 28% higher than last year. In similar comparison, cotton yarn prices moved up 11% since January and that of Man-made fibers increased at a moderate 2%. All these factors have made Indian yarn uncompetitive in global markets particularly the USA markets.

Yarn exports declined 10% in May from their April 2008 levels. Export volume totaled 51,948 tons during the month. Unit price realization averaged US$ 2.88/kg dropping 12 cents a kg. Major declines were seen in export of viscose yarn followed by PC and polyester yarn. Cotton yarn exports too dropped 6.67% in May. The average price realization of cotton yarn was US$ 2.86 /kg, that for PC yarn was US$ 2.43 /kg and for viscose yarn it was US$ 3.33/kg. Average price realization of polyester yarn was US$ 2.76/kg and for PV yarn was US$ 3.03/kg.

Among major destinations, Brazil was the major importer followed by Bangladesh, Egypt and Korea. Brazil imported 5,582 tons of yarn at an average price of US$2.80/kg. Exports to Bangladesh declined by 26%, whereas that to Egypt and Korea increased. Bangladesh imported 5,252 tons of yarn in May at an average price of US$ 2.80 /kg. Egypt and Korea imported 4,171 and 4,148 tons of yarn respectively.

The detailed export analysis from India on Spun yarn for top count is available at Yarn Export Watch or you call us at +91 22 66291122 to get a free copy of the report

Spun Yarn Export from India - Textile Industry

Exports of Spun Yarn from India in the month of March 08

Total yarn exported from India in March jumped by about 20% to a little over 60 thousand tonnes, up from 50,500 tonnes of total quantity in February. The month of March was also favorable on the exchange rate side, as rupee averaged above Rs 40/ dollar and reaching the levels of Rs 40.50/US$.

Bangladesh again figured as the biggest importer of Indian yarn importing approximately 6,500 tons at an average price of US$2.86, steady at last month’s level. Approximately 5,500 tonnes of yarn was exported to Korea and Turkey. Exports to Turkey, Brazil and Italy saw a steep increase in their realization whereas yarn exports to Egypt and Peru saw a decline in their realizations.

Overall Cotton Yarn Exports (All types)
A little over 48 thousand tons of cotton yarn was exported 84 countries at an average price of US$3/kg. This is higher by 25% over February cotton exports whereas average price increased by 7 cents. Bangladesh was the largest buyer of Indian cotton yarn, importing a quantity of about 6,000 tons at an average price of US$2.86/kg. Approximately 5,500 tons were exported to South Korea and 3,500 tons were exported to Turkey, Brazil and Peru each.
The top 30/1, 40/1, 24/1 and 20/1 were the top counts and however average price increased for most specs. Quantity exported of 40/1 and 24/1 increased by 700 tons. Price of 30/1 increased by 7 cents, for 40/1 increased by 11 and 20/1 increased by 10 cents, but of 24/1 decreased 3 cents.
For complete analysis on the monthly spun yarn exports from india please read:
YnFx ExportWatch Report