In November, US$6.5 million worth of PV yarns were exported from India, down 49.5 per cent YoY with volumes at 2.33 million kgs, down 52 per cent YoY. Turkey continued to be largest importer of PV yarns from India followed by Iran with total volume at 1.3 million kg worth at US$3.66 million.
Iran, USA, Pakistan, Russia and Egypt were the fastest growing markets for PV yarns while Sri Lanka and South Africa significantly reduced its import of PV yarns from India.
In November 2015, US$12.7 million worth of PV yarns were exported from India with volumes at 4.8 million kgs. Also, blended spun yarns export was down 3.7 per cent YoY in value terms while volumes were down 7 per cent.
Turkey and Iran continued to be largest importers of PV yarns from India with total volume at 3.5 million kg worth at US$9 million.
Portugal, Slovenia and Russia were the new major market for PV yarn.
Eight countries did not import any PV yarn during the month, including the major ones like Brazil, Chile and Lebanon.
