In December 2021, basic textiles comprising fibres, spun and filament yarns shipment were worth US$1,352 million or INR10,106 crore, accounting for about 3.6% of total merchandise exported from India during the month. This was largely driven by the spurt in cotton fibre export.

Spun yarns shipment totaled 159 million kg worth US$658 million or INR4,920 crore. The unit value realisation of all types of spun yarn averaged US$4.14 per kg, about US$1.32 up year on year. Bangladesh was the largest market for spun yarns during the month, followed by China and Turkey.

Cotton yarn export was at 124 million kg worth US$541 million (INR4,047 crore). While volume shipment was down 1% year on year, revenue earning jumped 48% in US$ term. These were shipped to 74 countries at an average price of US$4.35 a kg, up US cents 26 from previous month and up US$1.44 from December 2020. Bangladesh was the top importer of cotton yarn, followed by Turley, Portugal, China and Egypt.

100% man-made fibre yarns exports were at 11.90 million kg, comprising over 6.32 million kg of polyester yarn, 2.79 million kg of viscose yarn and 2.78 million kg of acrylic yarn. Viscose yarn worth US$11 million or INR81 crore were exported at an average price of US$3.86 per kg in December. The major market was Turkey, followed Bangladesh, Belgium, Portugal and Italy. Polyester spun yarns export was worth US$17 million exported at average unit price of US$2.71 a kg. Turkey was the largest importer of polyester yarn, followed by Morocco and USA.

Blended spun yarns worth US$80 million were exported in December, including 13.35 million kg of PC yarns and 5.93 million kg of PV yarns. Bangladesh was the largest importers of PC yarn from India followed by Argentina while Turkey was the single largest importer of PV yarns from India followed distantly by South Africa.

All kinds of filament yarns shipment totaled 69 million kg, valued at US$135 million or INR1,011 crore. Cotton shipment in December, the third month of the 2021-22 marketing season, was at 11.11 lakh bales worth INR3,684 crore or US$493 million. During the month, Bangladesh was the largest importer of Indian cotton, followed by Vietnam, China, Indonesia and UAE. Total export in first three months of 2021-22 marketing season was at 23.78 lakh bales worth US$7,419 crore or US$1,005 million.  Compared with the corresponding months of 2020-21, exports were down 18% in volume and 30% up in values, due to higher prices.

Export price realisation for cotton averaged INR195 a kg or US cents 119 per pound in December. This was slightly below the Cotlook A index, the global spot price benchmark and higher compared with the domestic spot price for benchmark Gujarat Shankar-6. During the month, Cotlook averaged US$122 per pound while Shankar-6 was at US cents 115 per pound.

Courtesy: Textile Beacon Fibre to Yarn Export Statistics: India