The year 2013-14 was quite encouraging for the textile industry which is on the growth path. Cotton consumption by mills in both the non-SSI and SSI sectors stood at 286.46 lakh bales, registering an increase of 8.86 per cent over the previous year’s 263.15 lakh bales, according to Mr. T. Rajkumar, Chairman, Southern India Mills Association (SIMA).
Though cotton consumption increased, the average month-end stock held by mills was lower by 3.83 per cent at 39.65 lakh bales than the previous year’s 41.23 lakh bales, said Mr. Rajkumar in an analysis published in SIMA Review.
All yarn production during the year stood at 5,295 million kg, 8.79 per cent higher than the previous year’s 4,868 million kg. Cotton, blended and non-cotton yarn output stood at 3,923,893 and 480 million kg, all higher than the previous production of 3,583,828 and 457 million kg by respectively. The higher production resulted in increased deliveries of all types of yarns.
Deliveries (computed based on production and month-end stock) of all yarn increased by 7.94 per cent and that of cotton, blended and non-cotton increased by 8.78, 6.12 and 4.68 per cent respectively over the previous year deliveries. Registration of cotton yarn exports during the year increased significantly to 1,415 million kg, 32.6 per cent higher than the previous year’s 1,067 million kg.
The average month-end stock of all yarn stood at 194 million kg, 14.84 per cent higher than the previous year’s 169 million kg.
Mr. Rajkumar also said though there has been an increase in registration of cotton yarn exports, the average month-end stock during the year stood at 126 million kg, 12.5 per cent higher than the previous year’s 112 million kg. There was no shortage of cotton yarn at any point of time during 2013-14 in the domestic market.