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India's man-made fibres' exports on the rise

In July, there was a rebound of 100 per cent man-made fibre yarns' exports from India, especially polyester and viscose. A total 6.09 million kg of man-made spun yarn was exported. Out of this, 1.23 million kg was acrylic yarn, 2.19 million kg was viscose yarn, and 2.63 million kg was polyester yarn. July’s, viscose yarn export jumped 27 per cent, while value of polyester yarn went up 13 per cent. However, after a substantial pick up in June, acrylic yarn export dipped by 8.5 per cent. Unit price realisation was dipped US cents 11 for polyester from a year ago and viscose yarn dipped by 5 per cent.

polyester spun yarns were exported to 46 countries, reaching an aggregate $6.2 million, with a unit price realisation averaging $2.37 a kg. Totally, 2.6 million kg was exported, of which, 21 per cent was shipped to the US alone. Nearly, 16 new destinations were added for exports of polyester yarn of which, Nigeria, Dominican Republic and Colombia were the major markets.

Viscose yarn export was valued at $5.5 million or Rs 35 crores and the volume was at 1.83 million kg. This implies average unit price realisation of $3.04 per kg, which is US cents 13 higher than realised in May and US cents 15 lesser than a year ago. Viscose was exported to29 countries and Belgium was the single largest importer, worth $1.25 million. Besides, the US, Portugal, and Bangladesh were the fastest growing markets for viscose yarns, and Pakistan, Brazil and Guatemala were the new major markets in July this year.