Fibres and Yarns

Shift in India’s MMF Imports

Published: December 28, 2021

As global fashion trends evolve, man-made fiber (MMF) fabrics are becoming more prominent as a substitute for cotton. MMF remains to be the most popular textile fiber in the world, with a 72:28 ratio, for example, MMF 72 percent and Natural fiber 28 percent. The use of MMF has steadily increased due to the evident limitations of cotton and other natural fibers. Around 94 percent of the local MMF market is made up of polyester and viscose (in volume terms). Polyester accounts for 77.5 percent of the total, with viscose accounting for the rest. MMF is a significant part of the Indian textile and garment sector, and it has invested heavily in capacity growth in order to achieve the intended goal of a US$ 350 billion market by 2025. Polyester-based fabrics account for the majority of Indian Man-Made fibers. Polyester fiber imports in India have grown at a CAGR of almost 13% during 2014-15, reaching $ 95 million during 2018-19. Indonesia is India's largest exporter of polyester fabric, with imports, increasing at a CAGR of 59 percent over the corresponding period. The government raised the import duty on textiles and garments to limit imports to counteract rising imports and assist India's MMF industry. As a result, textile imports have remained largely under control. Nevertheless, due to free trade agreements, this approach would not be able to limit textile imports. Imports of Polyester Polyester staple fiber imports totaled 6.72 million dollars in September 2020, rising to 9.22 million dollars in September 2021. Total imports between January and September 2020 were 58.38 million dollars, which increased by 28.04% to 74.75 million dollars by September 2021. India imported filament yarn worth 5.84 million USD in September 2020, rising to 11.18 million USD in September 2021. Total imports between January and September 2020 were worth 49.46 million dollars which climbed up to 98.55 million dollars by the end of September 2021. Imports of Acrylic In September 2020, India's acrylic staple fiber imports totaled 3.62 million dollars, but by the end of September 2021, that figure increased to 8.06 million dollars. Total imports were 42.25 million USD from January to September 2020, up by 64.62% from the corresponding period of the previous year. Imports of Nylon In September 2020, India imported Nylon filament yarn worth 1.95 million
USD, which declined to 1.07 million USD in the month of September 2021. By the end of  September 2021, overall imports increased by 68.45%, from 10.08 million dollars to 16.98 million dollars.

Imports of Viscose

India's viscose staple fiber imports totaled 10.49 million dollars in September 2021, up from 9.13 million dollars in September 2020. Total imports were around 80.61 million USD between January and September 2020, rising to 118.62 million USD during the corresponding period of this year. The total imports increased by 47.15%. In September 2021, India imported a total of Viscose filament yarn worth 20.63 million USD, up from the previous year which was worth 7.76 million USD. The overall imports of viscose filament yarn between January and September 2021, on the other hand, jumped to 146.49 million USD from 73.02 million USD in the same time span of the previous year.

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