Global Man-Made Yarn Exports Fall 36% In Q2 2018

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Exports From China, India, Turkey, US Rise

Global Man-Made Yarn Exports Fall 36% In Q2 2018

World man-made yarn exports have dropped by 36.28% in the second quarter of 2018 over the previous quarter totaling to US$ 4552.91 million, whereas it has dropped by 36.25% if compared to corresponding period of the last year (CPLY).

Man-made filament (MMF) yarn exports have witnessed downward trend of 32.25% to US$ 3579.85 million in the Q2 2018 over the previous quarter and 24.50% over the CPLY. Man-made staple fibre (MMSF) yarn exports witnessed a drop of 47.41% in Q2 2018 over the previous quarter and 45.75% drop over CPLY. Though global man-made yarn exports have dropped, few countries have done quite well in Q2’18. We look at how India, USA and Turkey have performed in the export market of man-made yarns in the Q2’18 and China in Q1’18.
India fares well in MMF, MMSF yarn exports

India’s man-made yarn exports have witnessed a growth of 3.02% in Q2 2018 to US$ 545.28 million over the previous quarter and if compared to CPLY the growth climbed to 28.88%. From the two commodities, MMF yarn was exported the most to the world from India, MMF yarn exports totalled to US$ 351.55 million with growth of 1.86% in Q2 2018 over the previous quarters and 30.09% over the CPLY.

Under total MMF exports, India’s synthetic filament yarn exports accounted for a share of 95%. Synthetic filament yarn exports were US$ 334.29 million in the Q2’18 with a growth of 2.32% over the previous quarter and 32.63% over the CPLY.

India traded synthetic filament yarn at an average price of US$ 2 per kg in Q2 2018. Turkey is main export market of India’s synthetic filament yarn. In Q2’18, India exported the yarn with a value of US$ 92.49 million. The other top markets for this commodity are Brazil, Bangladesh, Egypt and Korea. India’s other yarn commodities under MMF have perceived a negative growth in the Q2’18. Like sewing thread of MMF’s registered a negative growth of 2.14% to US$ 2.95 million, artificial filament yarn registered a drop 1.75%, synthetic monofilament yarn exports were down by 29.84% and man-made filament yarn exports were down by 82.74% in Q2’18 over the previous quarter.

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Under MMSF, India has exported mostly yarn made from synthetic staple fibres with an export value of US$ 159.82 million in the Q2’18 and growth of 3.67% over the previous quarter and 28.71% over CPLY. Here too, Turkey is the top export market of India’s synthetic staple fibre yarn.

India exported the commodity to Turkey with a value of US$ 42.54 million in Q2’18. India’s other top export markets for this commodity are Egypt, Brazil, Colombia & Pakistan. India traded this product at an average price of US$ 2.68 per kg in Q2’18, whereas the same product was trade at price of US$ 2.64 per kg in Q1’18 and at US$ 2.57 per kg in Q2’17. Yarns made of man-made staple fibre witnessed a drop by 14.41% in Q2’18 over the previous quarter and 21.47% over CPLY.

China is the largest man-made yarn exporter

China is the largest exporter for man-made yarns, the country’s MM yarns totalled to US$ 2124.66 million in Q1’18 and has witnessed a growth of 10.36% over the previous quarter and 27.72% over the CPLY. Under MMF, synthetic filament yarn exports from China totalled to US$ 1325.90 million in Q1’18 with a growth of 12.43% over the previous quarter and 33.09% over the CPLY.  China exported the commodity at an average price of US$ 1.98 per kg in the Q1’18, while in the previous quarter (Q4’17) it was traded at a price of US$ 2.03 per kg and in Q1’17 was traded at US$ 1.86 per kg. China’s top export market of synthetic filament yarn is Turkey with an export value of US$ 142.469 million in Q1’18. The other export markets are Vietnam, Korea, Egypt and USA.

Under MMSF, yarn made from synthetic staple fibre was exported with a total value of US$ 430.75 million in Q1’18 with growth of 13.52% over the previous quarter while in CPLY the growth increased by 21.59%. Bangladesh is the top export market for this commodity, its exports to Bangladesh totalled to US$ 132.18 million in Q1’18. The other export markets are Egypt, India, Vietnam and Hong Kong.

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China exported this commodity at an average price of US$ 3.13 per kg in the Q1’18, while the previous quarter it was US$ 2.81 per kg and in Q1’17 the product was traded at US$ 2.73 per kg.

Turkey’s exports slow down

Turkey man-made yarn exports perceived a growth of 3.91% totaling to US$ 300.05 million in Q2’18 over CPLY, but from the previous quarter it registered a negative growth of 7.67%.

Under the MMF, synthetic filament yarn has been exported the most, the product totalled its export value of US$ 163.44 million in Q2’18 with growth of 12.17% over the CPLY, but compared to previous quarter of Q2’18 the product perceived a negative growth of 11.66%. The top export market for Turkey’s synthetic filament yarn is the Netherlands with an exports value of US$ 23.97 million in Q2’18. The other top export markets are United Kingdom, Belgium, Italy and Germany.

Turkey has exported synthetic filament yarn to the world at average price of US$ 2.83 per kg in Q2’18, while the previous quarter it was traded at US$ 2.75 per kg and in Q2’17 was traded at US$ 2.67 per kg. Under MMSF, Turkey’s exports of yarn made from synthetic staple fibre totalled to US$ 68.26 million in the Q2’18 with growth of 2.53% over the previous quarter, while it perceived a negative growth of 13.74% over the CPLY. Italy is the top export market of Turkey’s yarn made from synthetic staple fibre, the exports to Italy totalled to US$ 12.57 million in Q2’18. The other top export markets are Russia, Iran, Bulgaria, and Spain. Made-man staple fibre yarn exports received a negative growth of 15.02% over the previous quarter and 3.71% over the CPLY.

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US is a strong player too

The United States of America (USA) has witnessed a good year in the export for man-made yarns, the exports in Q2’18 totalled to US$ 503.03 million with growth of 9.46% over the previous quarter and 11.87% over the CPLY. Under the MMF, synthetic filament yarn was exported the most from USA to the world with a total value of US$ 244.57 million in Q2’18 with a growth of 2.50% over the previous quarter and 8.16% over the CPLY.

Mexico is the top export market for USA’s synthetic filament yarn. Exports to Mexico totalled to US$ 244.57 million in the Q2’18. The other top markets are Canada, El Salvador, United Kingdom and China. The commodity was traded at average price of US$ 5.86 per kg to the world in Q2’18, whereas in the previous quarter the commodity was exported at price of US$ 6.06 per kg and US$ 4.82 per kg in the Q2’17 Under MMSF, exports of yarn made of synthetic staple fibre totalled to US$ 150.20 million in the Q2’18 with a growth of 24.67% over the previous quarter and 30.96% over the CPLY. Honduras is the top export market for this commodity; the exports totalled to US$ 103.032 million in the Q2’18. Other important markets are El Salvador, Mexico, Canada and Dominican Republic.

From USA, synthetic staple fibre was exported at an average price of US$ 2.99 per kg in Q2’18, while in previous quarter the commodity was exported at a price of US$ 2.89 per kg and in Q2’17 it was traded at US$ 2.84 per kg.

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