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Indian spun yarn exports continue growth

Indian spun yarn exports maintained their growth tempo in August 2015. After rebounding in June and July, exports grew 21.5 per cent in volume terms while the rise in value terms inched up three per cent.

China continued to propel yarn exports from India, although unit value realisations continued to decline. During August, 83 countries imported spun yarn from India, with China accounting for 44 per cent of the total value, with its imports rising 88 per cent in terms of volume and 67 per cent in value year on year. Bangladesh, the second largest importer of spun yarns, accounted for more than 11 per cent of all spun yarn exported from India. However, exports to Bangladesh increased 17 per cent in volumes and three per cent in value.

Egypt, the third largest importer of spun yarns, saw volume and value down one per cent and 18 per cent year on year. These three top importers together accounted for close to 60 per cent of all spun yarn exported from India in August.

Lithuania, Bahrain, Costa Rica, Cambodia, Romania, Canada and Argentina were the fastest growing markets in August, more than doubling their imports from India. However, they together accounted for only 1.3 per cent of total exports.