Export volumes of Indian cotton yarn amounted to 100,600 tons in February 2024, an increase of 29.74 percent over February 2023 and 22.38 percent over January 2024. In terms of the market share of Indian cotton yarn exports in February, Bangladesh was the top destination with a 36 percent
After the turmoil in fiscal 2023-24, operating margins of Indian cotton yarn spinners will improve by 150-200 bps to 10.5-11 percent in fiscal 2024-25 after hitting decadal lows of 8.5-9 percent in previous fiscal. According to a CRISIL report, in fiscal 2023-24, profitability was affected by lower cotton yarn spreads and inventory losses. “This ongoing […]
Indian export of cotton textiles in fiscal 2023-2024 reached US $11.68 billion, growing by 6.7 percent over the previous fiscal. “This accomplishment underscores the resilience, determination, and collective efforts of all the exporters,” Sunil Patwari, Chairman of Texprocil said in a statement. “Positive growth has been achieved despite headwinds like geo strategic
Chinese cotton yarn import volumes from India jumped four times to 248,000 tons in 2023 as against 56,400 tons in 2022 and accounted for 16 percent of total cotton yarn imports. The total Chinese import volume of cotton yarn for 2023 totaled 1.55 million tons, growing by a massive 41.9 percent compared to 1.09 million […]
Chinese cotton yarn imports in November stood at 153,300 tons, a massive increase of 90.2 percent from a year ago month. Among imports of cotton yarn from various countries in November, those from Vietnam accounted for 45 percent, Pakistan 19 percent and India 13 percent. 71 percent of cotton yarn imports from Vietnam were for […]
India’s exports of cotton yarn in September 2023 totaled 103,100 tons by volume, growing by a massive 293.11 percent year over year, but declining 11.12 percent over its previous month. In the same month, China dropped down to second position among exports of Indian cotton yarn, when it reached 24,328 tons, a leap of 1,836.13 […]