Spun yarns shipment totaled 135 million kg worth US$481 million or INR3,500 crore. The unit value realisation of all types of spun yarn averaged US$3.57 per kg. Bangladesh was the largest imported of spun yarns during the month, followed by China and Egypt.
Cotton yarn export was at 106 million kg worth US$396 million (INR2,894 crore). These were shipped to 77 countries at an average price of US$3.72 a kg, up US cents 2 from previous month. Bangladesh was the top imported of cotton yarn, followed by China, Portugal, Vietnam, and Egypt.
100% man-made fibre yarns exports were at 9.5 million kg, comprising 2.9 million kg of viscose yarn, 4.1 million kg of polyester yarn and 2.3 million kg of acrylic yarn. Viscose yarn was worth US$10 million or INR75 crore, exported at an average price of US$3.49 per kg in May. The major market was Bangladesh, followed by Turkey and Belgium. Polyester spun yarns export was worth US$9.7 million exported at average unit price of US$2.36 a kg. Brazil was the largest importer of polyester yarn, followed by USA and Turkey.
Blended spun yarns worth US$58 million were exported in May, including 13 million kg of PC yarns and 3.6 million kg of PV yarns. Bangladesh was the largest importers of PC yarn from India followed by Egypt while Turkey was the single largest importer of PV yarns from India followed by Vietnam.
All kinds of filament yarns shipment totaled 77 million kg, valued at US$134 million or INR978 crore.
Cotton shipment in May was 8.85 lakh bales worth INR2,125 crore or US$290 million. This takes the total export to 87 lakh bales worth US$19,000 crore or US$2,600 million in the first nine months of 2020-21 marketing season. China was the largest market for Indian cotton during the month, followed by Bangladesh, Vietnam, and Indonesia.
Export price realisation for cotton averaged INR141 a kg or US cents 87.64 per pound during May. This was much below Cotlook A index, the global spot price benchmark and higher than domestic spot price for benchmark Gujarat Shankar-6. During the month, Cotlook averaged US$90.76 per pound while Shankar-6 was at US cents 81.90 per pound, implying that Indian cotton was competitive in global market.
Basic textiles comprising fibres, spun and filament yarns shipment were worth US$968 million or INR7.066 crore, accounting for about 3% of total merchandise exported from India during the month.
We have intentionally refrained from analyzing year on year comparison (May 2021 over May 2020) since May 2020 was a month of Covid-19 lockdown with values abysmally low and outliers to the trend.
Courtesy: Fibre to Yarn Export Statistics: India