China replaces US as biggest coir importer from India
Updated: May 19, 2014 04:21:01pm
New Delhi, May 19 (KNN) China is now India’s biggest importer of coir-based products, replacing the US with a total export of 192,110 tonnes valued at Rs 361 crore in 2013-14. The US had imported 55,091 tonnes of coir-based products, valued at Rs 300 crore.
Of the total receipts from exports, 24.42 per cent were from China. In terms of quantity, 36 per cent went to China alone.
India’s coir exports grew 32 per cent in 2013-14, in value terms. According to a media report quoting chairman of Coir Board, G Balachandran, India exported 537,040 tonnes of coir and coir products, valued at Rs 1,476 crore, this financial year against 429,501 tonnes valued at Rs 1,116 crore in the previous financial year.
According to the board, coir yarn export grew 59 per cent to Rs 329 crore, while coir pith export increased 38 per cent to Rs 342 crore.
Balachandran acknowledged the fact that there was tremendous growth in coir yarn export to China during the last financial year. With that, China has replaced the US as the biggest importer of coir-based products from India.
India had exported products to 103 countries during 2013-14.
The chairman expressed concern over the sharp increase in the shipment of coir yarn to China. Ironically, China mainly uses this yarn to manufacture value-added products and export them to countries including India, the media report added. (KNN Bureau)
Of the total receipts from exports, 24.42 per cent were from China. In terms of quantity, 36 per cent went to China alone.
India’s coir exports grew 32 per cent in 2013-14, in value terms. According to a media report quoting chairman of Coir Board, G Balachandran, India exported 537,040 tonnes of coir and coir products, valued at Rs 1,476 crore, this financial year against 429,501 tonnes valued at Rs 1,116 crore in the previous financial year.
According to the board, coir yarn export grew 59 per cent to Rs 329 crore, while coir pith export increased 38 per cent to Rs 342 crore.
Balachandran acknowledged the fact that there was tremendous growth in coir yarn export to China during the last financial year. With that, China has replaced the US as the biggest importer of coir-based products from India.
India had exported products to 103 countries during 2013-14.
The chairman expressed concern over the sharp increase in the shipment of coir yarn to China. Ironically, China mainly uses this yarn to manufacture value-added products and export them to countries including India, the media report added. (KNN Bureau)
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