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Indian spun yarn export value up 11 per cent

India’s blended spun yarn export value was up 11.2 per cent year on year while volumes rose 19.5 per cent as compared to the same month last year.

Polyester cotton yarns was exported to 53 countries in April 2016, of which Bangladesh and Egypt were the largest importers followed by Colombia. Turkey, Honduras, Spain, Brazil and South Africa were the fastest growing markets for PC yarns while South Korea significantly reduced its import of PC yarns from India.

Saudi Arabia and Pakistan were among the 10 countries that did not import any PC yarns from India during April. Iran was the major destination among the 14 new markets found during the month.

In April, polyester viscose yarns were exported to 30 countries from India with volumes at 3.3 million kgs. Turkey continued to be the largest importer, with a 63.23 per cent share of the total volume exported from India during the month.

Iran, Japan, Russia and Argentina were the fastest growing markets for PV yarn while Honduras and Romania were the new major markets for PV yarn. Six countries did not import any PV yarn during the month, including the major ones like Peru, Uganda and Tanzania.

Also, acrylic and cotton yarn prices were down 16 per cent year on year in April.