Home breadcru News breadcru Import/Exports breadcru India's viscose fibre import skyrockets to 93 mn kg in Jan-Nov 2022

India's viscose fibre import skyrockets to 93 mn kg in Jan-Nov 2022

21 Mar '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India's import of viscose staple fibre has increased significantly in recent years, with a new high in 2022 due to a shift in consumption after cotton prices reached a record level. In January-November 2022, India's viscose import was worth $221.348 million (93.071 million kg), representing a significant increase in both value and volume compared to 2021.
India's import of viscose staple fibre (HSN code 550410) has shown significant growth in previous years. Last year, imports shot up to a new high as consumption diverted to some extent towards viscose after cotton prices touched a record level in April 2022. India's viscose import stood at $221.348 million (93.071 million kg) during January-November 2022. The value and volume of viscose imports increased by more than 50 per cent in the first eleven months of 2022. 

India imports of viscose fibre worth in January-November 2022 was 63 per cent higher in value than the imports of $135.116 million in 2021. The import volume increased by 50 per cent, which was 62.432 million kg in 2021, according to Fibre2Fashion's market insight tool TexPro. 

India's imports slipped to $86.252 million (46.352 million kg) in 2020 from $103.535 million (48.384 million kg) in 2019. But they bounced back in 2021 when they reached $135.116 million (62.432 million kg). Earlier, the country's import of viscose was $94.833 million (41.689 million kg) in 2018 and $66.253 million (27.725 million kg) in 2017. 

Indonesia was the top supplier with a 29.57 per cent share in India's viscose import during January-November 2022. Among the top five suppliers, Austria had a share of 17.17 per cent, Hong Kong 15.62 per cent, China 10.68 per cent, and Singapore 10.02 per cent, as per TexPro. 

ALCHEMPro News Desk (KUL)

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