-A brief overview of cotton yarn imports across the country

Following the sharp decline in domestic cotton prices in April, domestic cotton prices ushered in a new round of sharp decline from late September to early October in the face of the new cotton market. On October 28, the domestic and international price difference was: 3,754 yuan per ton within the tariff, and 1,205 yuan per ton after discounting the quasi-tax.
From January to September, the country’s total textile and apparel imports were US$19.98 billion, down 0.6% year-on-year; of which cotton yarn imports accounted for 23.2%, and the import volume was US$4.63 billion, down 9.5% year-on-year.
The characteristics of cotton yarn imports in the first three quarters of this year are as follows:
1. my country’s cotton yarn imports continued to decline in September.
From January to September, the country’s total cotton yarn import volume was 1.468 million tons, and the cumulative import volume fell by 6.4%. Except for February and April, the remaining months all declined to varying degrees. The decline rates in March and May were 10.7% and 10.7% respectively. 11.3%, a decline of 3.3% in June, a larger decline of 21.4% in July, the lowest decline of 26.1% in August, a decline of 13.4% in September, and the import volume was 174,000 tons.
The average import price of cotton yarn in the first three quarters was US$3.15/kg, down 3.4% year-on-year. The import unit price showed an upward trend from February to July this year. It was 3.08 US dollars/kg in February, 3.17 US dollars/kg in March and April, and further rose to 3.18 US dollars/kg in May. It was 3.21 US dollars/kg in June and July. US dollars/kg fell in August and September, reaching US$3.16/kg in August and falling to US$3.06/kg in September, a new low this year.
2. From January to September, my country’s cotton yarn imports from India and Pakistan continued to decline, and the proportion of imports from Vietnam further increased.
India, Pakistan, and Vietnam are the top three source markets for China’s cotton yarn imports. From January to September, my country’s cotton yarn imports from India and Pakistan showed negative growth, while imports from Vietnam showed good growth momentum. From January to September, my country’s cotton yarn imports from India accounted for 26.5% of total imports, which was 389,000 tons, down 15%; the average import price was 3.1 US dollars/kg, down 4.7% year-on-year. Imports of 358,000 tons of cotton yarn from Pakistan accounted for 24.4%, a year-on-year decrease of 23.8%; the average import price was US$2.8/kg, a decrease of 4.7%. Vietnam ranked third, with an import volume of 282,000 tons, accounting for 19.2%. The proportion further increased, and the growth momentum was considerable. In the first nine months, it increased by 56.3% year-on-year; the average import price was 3.23 US dollars/kg, down 9% year-on-year.
Among the remaining top ten import source countries, Uzbekistan has the fastest growth, with an increase of 66.1%, and the import volume is 51,000 tons; Indonesia has an increase of 34.6%, with an import volume of 65,000 tons. Imports from the United States, South Korea, and Thailand all showed negative growth, with import quantities of 26,000 tons, 25,000 tons, and 29,000 tons respectively.
3. From January to September, the import volume of cotton yarn in three major provinces and cities exceeded 200,000 tons.
From January to September, the growth rates of the top three cotton yarn importing provinces and cities were all negative. Guangdong imported 414,000 tons, accounting for 28.2%, down 18.2% year-on-year. The import unit price was US$3.49/kg; Zhejiang and Beijing imported 254,000 tons respectively. tons and 208,000 tons, with a decrease of 0.5% and 24.7% respectively, and the import prices were 2.96 and 2.9 US dollars/kg respectively. Imports from Shanghai, Jiangsu, and Shandong all exceeded 100,000 tons. Imports from Fujian fell by 3.6% year-on-year, while Anhui, Xinjiang, and Tianjin increased by 46.1%, 72.6%, and 69.2% respectively.
The quantity of cotton yarn imported through general trade was 1.057 million tons, accounting for 72%, down 3.1% year-on-year, totaling US$3.11 billion; supplemented by processing trade, the import volume was 388,000 tons, accounting for 26.4%, of which 36.5% was processed with imported materials. Thousands of tons.