Industry

Operating Margin Of Cotton Yarn Spinners To Hike 150-200bps: CRISIL

Textile Insights April 19, 2024

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

Export

2023 Chinese Cotton Yarn Imports From India Jump Four Times

Textile Insights February 3, 2024

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 […]

Industry

Turning The Wheel: ICRA’s Anticipated Surge In Cotton Demand Creates Buzz In The Industry

Textile Insights January 30, 2024

In a recent research note by ICRA on the domestic cotton spinning industry, the rating agency has anticipated a robust 12-14% growth in demand for FY2024, driven by a surge of 85-90% in yarn exports. This upswing is attributed to a shift in sourcing preferences away from China and heightened expectations of increased demand in […]

Export

Indian Cotton Yarn Exports Increase Explosively In September

Textile Insights December 5, 2023

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 […]

Export

Indian Cotton Yarn Exports Surge 293% YoY In September

November 29, 2023

China Slips to Second Place in Indian Cotton Yarn Market, Bangladesh Claims Top Spot In September 2023, the export dynamics of Indian cotton yarn (HS 5205) witnessed notable shifts. The total export volume reached 103,100 tons, marking a significant year-on-year surge of 293.11%, despite a month-on-month decline of 11.12%. China, traditionally a dominant market, slipped

Cotton

Australia Can Export 50,000 Tons Tariff Free Cotton To India

Textile Insights November 23, 2023

50,000 tons of Australian cotton can now be exported to India at zero percent import duty as against the 11 percent import duty imposed by the Indian government. This move is expected to encourage Australian apparel brands who wish to manufacture garments in India, using Australian cotton. Last week, a delegation made up of Cotton […]

Cotton

Yagi Develops Full Traceability Tool For Indian Organic Cotton

Textile Insights October 31, 2023

Yagi & Co has developed a proprietary system for consistent traceability from cotton field to yarn, via a proprietary management system that links the international certifications for Indian organic cotton. According to the Japanese company, there are several international certifications and standards for organic cotton. These begin with cotton ginning to ensure

Cotton

CAI Estimates 2022-23 Indian Cotton Crop At 311.18 Lakh Bales

Textile Insights August 16, 2023

In its latest report, the Cotton Association of India (CAI) has retained its cotton crop estimate for the 2022-23 season at 311.18 lakh bales of 170 kgs each. The total cotton supply for the months of October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, […]

Industry

Indian Cotton Yarn Sector To Witness 5-7% Growth In FY’24

Textile Insights July 22, 2023

Indian cotton yarn industry is likely to witness 5-7 percent year on year growth in sales volume, while the operating margin is expected to expand by 100-150 bps from a year ago in fiscal 2023-24. “Factors contributing to this improvement include the alignment of Indian cotton prices with international prices and a shift in demand […]

Special Report

India’s T&A Exports Witness Major Decline

June 4, 2023

Cotton textiles exports have dropped drastically, negatively affecting the overall T&A exports from India India’s textile and apparel (T&A) sector witnessed a major drop of 17.9% in FY2022-23. The exports earnings in the same year totalled US$ 35666.78 million, while in FY2021-22, the earnings were US$ 43437.50 million. The sector contributes 8% to country’s total