Export of MMF yarns shoots up 35.9%

Export of man-made fibre (MMF) yarns from India shot up by 35.9 per cent year-on-year basis by scaling a new peak at $20.76 million in June this year. The volumes touched 7.82 million kg, up 40.5 per cent as compared to the same month last year. The total volume comprised 2.93 million kg of polyester yarn, 3.81 million kg of viscose yarn and 1.07 million kg of acrylic yarn.

Exports of polyester yarn went up by 6.9 per cent in value while the value of exports of viscose yarn surged 108.3 per cent in June, this year. Exports of acrylic yarn saw a drastic climb down of 24.7 per cent in June. Unit price realisation was down US cents 14 a kg for polyester from a year ago and that of viscose yarn was down by US cent 1 a kg. Acrylic yarn unit price realisation was down by US cents 70 a kg YOY basis.

It is interesting to note that polyester spun yarns were exported to 49 countries in June with total volumes at 2.93 million kg of which 23.2 per cent was shipped by Turkey alone. Twelve new destinations were found for polyester yarn this June among which were Canada, Argentina, Uganda, Algeria and Russia were the major ones. Turkey, Egypt and Indonesia were the fastest growing markets for polyester yarns.

Export of viscose yarn was at 3.81 million kg and to 25 countries with Iran being the top buyer, followed by Belgium. Both these markets accounted for 45.7 per cent of the entire viscose yarn exported in June. Brazil, Egypt, Germany and Indonesia were the fastest growing markets while Portugal, UK, Canada, China and Turkmenistan were the new major markets.