Vietnam's rising share in China's yarn market impacts Indian yarn exports
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.
Chinese demand for Indian yarn has been reduced due to rising imports from Vietnam which is the second largest yarn exporting country to China. Also, China restricted foreign yarn imports since domestic prices were lower than import prices after taking account of import tariffs and taxes there. However, the fall of cotton yarn exports from India to China was partly offset by a rise to other destinations, like Bangladesh.
In February 2016, 87 countries imported spun yarn from India, with China accounting for 27.4 per cent of the total value with imports edging down 1.3 per cent in terms of volume YoY and plunging 45.3 per cent in value YoY. Bangladesh, the second largest importer of spun yarns, accounted for around 17.8 per cent of all spun yarn exported from India. However, export to Bangladesh surged 178.2 per cent in volumes and 16.4 per cent in value.
Egypt was the third largest importer of spun yarns, which saw volume rising 3.3 per cent and value declining 5.3 per cent. These three top importers together accounted for more than 50 per cent of all spun yarns exported from India in February.
Further, cotton yarn export was at 139.3 million kg in February with 74 countries importing yarn from India in February 2016. The average unit price realization was down US$0.83 a kg from previous month and US$1.06 a kg down from the same month a year ago.
译文如下:
越南在中国纱线市场逐渐上升的份额影响印度纱线出口
2016年2月,印度纺纱出口量上升了22.8%,而出口价值下降了17.3%。2016年2月纺纱(各种)出货量为1.58亿公斤,价值3.079亿美元,与去年同期相比平均单价下跌0.95美元每公斤。
中国对印度的纱线的需求已经减少了由于从越南进口纱线的增加,越南是中国第二大纱进口国家。同时,中国限制外国进口纱线由于考虑进口关税后,国内价格低于进口价格。然而,印度对中国面纱出口的下降在一定程度上抵消了对其他出口国的增长,比如孟加拉国。
2016年2月,87个国家从印度进口纱线,中国占总价值的27.4%,进口的成交量同比小幅下降1.3%,进口额同比下跌45.3%。孟加拉国、精纺纱线的第二大进口国,占印度出口纱线的17.8%左右。然而,出口到孟加拉国数量和价值分别上升178.2%和16.4%。
埃及是精纺纱线的第三大进口国,销量上涨3.3%,进口价值下降了3.3%。2月份,这三个顶级进口国共占纺纱出口的50%以上。
此外, 2016年2月,74个国家从印度进口棉纱1.393亿公斤。平均单价实现比上月下跌每公斤0.83美元,比上年同月下降每公斤1.06美元。
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