According to customs statistics, the national yarn import and export volume from January to November 2017 was US$17.74 billion, a year-on-year increase of 6.7%, and the growth rate further expanded. Among them, the export value was US$10.6 billion, an increase of 6.3%; the export quantity was 4.311 million tons, a year-on-year increase of 4.9%; the average export unit price was US$2.46/kg, a year-on-year increase of 1.3%. The import volume was US$7.14 billion, a year-on-year increase of 7.3%; the average import unit price was US$3/kg, a year-on-year increase of 4.2%.
1. The main yarn categories maintained growth in November
In November, yarn export volume was US$990 million, a year-on-year increase of 17.9%. Except for the decline in silk yarn exports among the major categories, all other categories maintained double-digit growth. Exports of cotton yarn and chemical fiber yarn were US$140 million and US$690 million respectively, a year-on-year increase of 24.4% and 18.2%. Among them, the export quantity of cotton yarn was 34,000 tons, an increase of 29.5%, and the price dropped by 3.9%. The export quantity of chemical fiber yarn was 275,000 tons, an increase of 3.8%, and the price increased by 13.9%.
2. Export growth in major markets has been steady, with significant growth in countries along the Belt and Road
ASEAN is my country’s largest yarn export market, accounting for 17.2% of yarn exports. From January to November, my country’s exports to ASEAN were US$1.82 billion, an increase of 14.6%, and the growth rate continued to expand compared with the first half of the year. Among them, exports to the Philippines grew the fastest, with an export value of US$220 million, an increase of 73.6%. The country’s ranking in export markets has also risen to 14th from 21st in 2015, surpassing Thailand and Cambodia.
Among other Asian markets, Bangladesh ranks second in my country’s yarn export market, accounting for 8%. From January to November, my country’s exports to Bangladesh increased slightly, with an export volume of US$840 million, an increase of 10.8%.
Among the countries along the Belt and Road, exports to Turkey and Russia have grown significantly, ranking 5th and 21st respectively. Among them, exports to Turkey were US$540 million, an increase of 22.1%, accounting for 5.4%. Exports to Russia grew significantly, with export volume reaching US$120 million, an increase of 32.6%.
Among other markets, exports to the United States were US$530 million, a year-on-year increase of 14%. Exports to the EU were US$1.07 billion, an increase of 2.1%. Exports to Hong Kong were US$970 million, a decrease of 17.2%. Exports to Japan were US$340 million, down 0.7%, and the decline narrowed.
3. Main coastal export provinces maintain growth
In terms of export volume, coastal provinces are the main force in yarn exports. The top five provinces and cities are Zhejiang, Jiangsu, Shandong, Fujian and Guangdong, accounting for 78% in total. Except for Guangdong, which dropped by 4.5%, all other provinces maintained growth. Among them, Zhejiang and Fujian both experienced rapid export growth, with export volumes of US$3.5 billion and US$880 million respectively, an increase of 14% and 26.5% respectively. The exports of Jiangsu and Shandong were US$2.28 billion and US$870 million respectively, an increase of 2.4% and 3.6% respectively.
From the perspective of export unit price, among the top five exporting provinces, except Shandong Province, the unit price dropped slightly by 2.5%, while the average unit price of the remaining four provinces maintained an increase. Among them, the average unit price in Fujian was US$1.88/kg, an increase of 20.7%. Guangdong has the highest export unit price, with an average of 5.1 US dollars/kg. Among the remaining provinces, Inner Mongolia and Ningxia had higher export unit prices, at US$53.3/kg and US$26.2/kg respectively, down 21.8% and 65.4% respectively.
4. Unit prices of main categories fluctuated between rises and falls
From January to November 2017, the export unit price of silk thread and chemical fiber yarn increased, reaching US$42.8/kg and US$2.3/kg respectively, up 14.8% and 6.3% year-on-year. The export unit prices of cotton yarn and wool animal hair yarn both declined, by 4.4% and 6.9% respectively.
V. Overview of national cotton yarn imports from January to November
(1) Domestic cotton yarn imports tend to be stable
Since December, the expansion of the global manufacturing industry has slowed down, and foreign cotton prices have stabilized; with the end of domestic cotton rotation, the price difference between domestic and foreign cotton has gradually narrowed, and my country’s cotton and cotton yarn imports have stabilized.
According to customs statistics, my country’s cotton yarn imports from January to November 2017 were US$4.94 billion, an increase of 7.8%, accounting for 69% of the total yarn imports and 21.9% of the total textile and apparel imports. The import volume was 1.795 million tons, a slight increase of 1.4% year-on-year. The import price was US$2.75/kg, an increase of 6.3%.
(2) Vietnamese yarn is still popular
In recent years, a large number of companies have invested and set up factories in Southeast Asia. The top five sources of imported cotton yarn are all from Southeast Asia. Vietnam is one of the largest investors. my country’s cotton yarn imports from Vietnam continue to grow, accounting for 38%. It is currently my country’s largest import source of cotton yarn. From January to November 2017, my country imported 655,000 tons of cotton yarn from Vietnam, a year-on-year increase of 15.2%, accounting for 36.5% of the total cotton yarn imports, and the proportion was basically the same as in the first half of the year.
In addition to Vietnam, my country also imports cotton yarn from India, Pakistan, Indonesia, Taiwan, Uzbekistan and other countries. Among them, imports from Indonesia and Uzbekistan grew rapidly, with growth rates of 28.2% and 19.5% respectively.
(3) The price difference between domestic and foreign cotton narrowed, and the quantity of cotton yarn imports fell
As of December 29, the international cotton price (CotlookA) is about 14,874 yuan/ton, and the domestic cotton price (3128B) averages 15,699 yuan/ton. The price difference between the two is about 825 yuan/ton, which is 1,886 yuan/ton compared with May. The price difference narrowed significantly. As domestic cotton reserves are released, the market supply is sufficient, and the import volume of cotton yarn has declined before the end of the year. Overview of national yarn import and export from January to November 2017
AAA Functional Fabric Network SVSGHRUTO
