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Cotton yarn exports of India in the April- July period of the current financial year witnessed decline by 9.79 percent due to slow pick up from the two large destination China and Bangladesh, which comprises around 50 percent of overall shipments from India.

China is the single largest market for Indian cotton yarn, accounting for 31 percent of country’s exports. Therefore, a substantial decline in exports to China has a major impact on overall export performance. Exports to China have declined by a staggering 48.58 percent during the April–July period in 2017.

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India’s spun yarn exports in February 2016 were up by 22.8 per cent in volume terms while it declined 17.3 per cent in value terms. Spun yarn (all kinds) shipments in February 2016 were at 158 million kg worth US$307.9 million while the average unit price realisation was down US$0.95 a kg as compared to the same month last year.

Related Keywords: China imports yarn from India, cotton yarn export worth, cotton yarn exports of India, domestic prices of yarn in China, import prices in China, India’s yarn export to Pakistan, spun yarn exports worth, spun yarns demand from Pakistan, spun yarns export from India, yuan depreciation

During December 2015, 88 countries imported spun yarn from India, with China accounting for 27.8 per cent of the total value with imports plunging 32.9 per cent in terms of volume YoY and declining 39.5 per cent in value YoY. India’s overall spun yarn exports in December were down by 11.5 per cent YoY in volume terms and declined 18.8 per cent in value term. Unit price realization was up US cent 1 a kg from November 2015 and down US cents 24 a kg from December 2014.

The Indian yarn industry is currently confronted with a sharp drop of Chinese demand, resulting in excess supply.