India's imports of viscose fibre soar to 93 million kg in January to November 2022.

Viscose staple fibre imports into India (HSN code 550410) have increased significantly in previous years. Once cotton prices reached a record high in April 2022, consumption shifted somewhat away from cotton and towards viscose, causing imports to soar to a new high last year. During the period of January through November 2022, India imported 93.071 million kg of viscose worth $221.348 million. In the first eleven months of 2022, imports of viscose surged in both value and volume by more than 50%. From $103.535 million (48.384 million kg) in 2019 to $86.252 million (46.352 million kg) in 2020, India's imports decreased. But they recovered in 2021, reaching $135.116 million (62.432 million kg). Previously, the nation imported $41.689 million kg of viscose for $94.833 million in 2018 and (27.725 million kg) in 2017. $66.253 million. In India's import of viscose during January to November 2022, Indonesia was the main provider, accounting for 29.57% of the total. According to TexPro, among the top five suppliers, Austria had a market share of 17.17%, Hong Kong 15.62%, China 10.68%, and Singapore 10.02%.