Overview of India’s cotton yarn exports
In June 2016, India’s staple fiber yarn export volume was 101.8 million kilograms, and the export value was US$283 million, down 12% and 17% respectively year-on-year. The average export price was US$2.78/kg.
In 2015, India’s cotton yarn exports encountered a waterloo, and China’s import demand continued to shift to low-cost countries. However, the decline in India’s cotton yarn exports to China was partially offset by growth in Bangladesh and Vietnam.
Despite this, China was still the largest exporter of Indian cotton yarn in June this year, followed by Bangladesh. India’s cotton yarn export volume and export value to Egypt increased by 7% and 0.3% respectively year-on-year. In June, China, Bangladesh and Egypt accounted for 47% of India’s total cotton yarn exports.
Statistics show that in June this year, Indian cotton yarn was exported to 74 countries and regions, with a total export volume of 82 million kilograms, an export value of US$226.8 million, and an average export price of US$2.78/kg, up 7 cents month-on-month and down year-on-year. 24 cents. Iran, Turkey, Thailand, Tunisia and Croatia are the countries with the fastest growth in exports, accounting for 5.5% of total exports. In addition, there are several other emerging export destinations such as Australia, Mozambique, Chile, and Bulgaria.
In June, India’s cotton export volume was 26,500 tons, a year-on-year decrease of 26%, and the export volume was US$424 billion, a year-on-year decrease of 25%. Bangladesh and Vietnam were the largest buyers, with a total import of 21,200 tons of Indian cotton, and Vietnam’s import volume It was 3,740 tons, more than three times that of the same period last year, indicating that Vietnam is importing low-priced Indian cotton and then spinning it into cotton yarn and exporting it to China at a lower price.
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