China’s yarn imports from Vietnam surged 34 per cent in September from a year earlier whereas Indian shipments to China were down 56 per cent and imports from Pakistan have lost 30 per cent. In September 2016, 84 countries imported spun yarn from India, with China at the top accounting for 21.6 per cent of the total value with imports dropping 59.04 per cent in terms of volume YoY and declining 56 per cent in value YoY. Bangladesh was the second largest importer of spun yarns in September and accounted for around 15.8 per cent of all spun yarn exported from India. Export to Bangladesh was down 25.1 per cent in volumes and 19.6 per cent lower in value.

South Korea was the third largest importer of spun yarns, which saw volume going up 43.4 per cent while it rose 45 per cent in value. These three top importers together accounted for around 42.3 per cent of all spun yarns exported from India in September.

Cotton yarn was exported to 73 countries during the month and the average unit price realisation was down US cents 5 a kg from previous month and up US cents 31 a kg from the same month a year ago. China was the largest importer of cotton yarn from India in September, followed by Bangladesh and South Korea. The top three together accounted for more than 50 per cent of cotton yarn exported from India.

Hong Kong, Turkey, Philippines, Brazil and Venezuela were among the fastest growing markets for cotton yarn, and accounted for 7.05 per cent of total cotton yarn export value. Nine new destinations were added for cotton yarn export, of which, Oman, Bulgaria and Nigeria were the major ones. Nine countries that did not import any cotton yarn from India include Honduras, El Salvador and Saudi Arabia. In September 2016, significant decline was seen in India’s export to Argentina, United Arab Emirates, Norway, Lebanon and Kenya.