Per unit export price of spun yarn was arrested in the month of January as the month witnessed around 115 million kg of all kinds of spun yarns worth Rs 2,470 crore exported from the country implying per unit realization of $2.98 per kg, US cents 3 higher than December 2014 and 38 US cents lower than January 2014 figures. Last year, shipments were down 13 per cent while earnings in dollar term fell 23 per cent implying a 11 per cent fall in unit price realisation, as the Rupee depreciated 0.6 per cent against the dollar in the concerned months. Total 89 countries imported spun yarns from India during the month. China continued to top the list with 29 per cent lower than the value of export last year. Bangladesh was the second largest importer of Indian yarn but with reduced imports from India by 11 per cent in value and 3 per cent in terms of volumes. Egypt, the third largest importer of spun yarns in January, pushed down Turkey and South Korea which have reduced imports from India.

The fastest growing markets in January for Indian spun yarn exports were Chile, Yemen, Uganda, Australia and Venezuela with only 1.2 per cent of total exports. Oman, Botswana, Denmark, Slovakia and Serbia and Montenegro did not import any yarns from India while Hungary, France, Russia, Djibouti and Ukraine have reduced their imports from India considerably in January this year. The major new destinations for Indian spun yarns were Honduras, Cuba, El Salvador, Panama and Paraguay with US$1.13 million worth of spun yarns in January.

The man-made fibre spun yarn exports in January was up both in terms of volume and value. A total of 6.87 million kg of man-made spun yarn were exported during the month.