-A brief overview of cotton yarn imports across the country

Since the beginning of this year, the overall trend of domestic cotton prices has been downward. In April, affected by the cotton target price policy, domestic cotton prices fell sharply. In the following months, the decline in cotton prices flattened. In early May, the price difference between domestic and foreign cotton dropped to a minimum of 1,425 yuan/ton, and then showed an increasing trend. On August 22, the price difference between domestic and foreign cotton prices was 3,023 yuan/ton.
From January to July, the country’s total textile and apparel imports were US$15.4 billion, a year-on-year increase of 1.5%; of which cotton yarn imports accounted for 23.5%, and the import volume was US$3.62 billion, a year-on-year decrease of 4.6%.
1. my country’s cotton yarn imports fell sharply in July.
From January to July, the country’s total cotton yarn import volume was 1.144 million tons. The cumulative import volume showed negative growth for the first time this year, down 1.7%. Except for February and April, the other months all experienced declines to varying degrees. In March, The declines in May were 10.7% and 11.3% respectively, in June they fell 3.3%, and in July they fell even more, with a decline of 21.4%, and the import volume was 156,000 tons.
The average import price of cotton yarn in the first seven months was US$3.16/kg, down 3% year-on-year. The import unit price has been on the rise since February 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. Kilogram.
Secondly, from January to July, my country’s cotton yarn imports from India experienced negative growth, while imports from Vietnam showed good momentum.
India, Pakistan, and Vietnam are the top three source markets for cotton yarn imports in China. From January to July, my country’s cotton yarn imports from India and Pakistan showed negative growth, while imports from Vietnam showed good growth momentum. From January to July, my country’s cotton yarn imports from India accounted for 27.9% of the total import volume, which was 319,000 tons, down 3.3%; the average import price was 3.11 US dollars/kg, down 3.7% year-on-year. 278,000 tons of cotton yarn were imported from Pakistan, accounting for 24.3%, a year-on-year decrease of 22.6%; the average import price was US$2.81/kg, a decrease of 4.4%. Vietnam ranked third, with an import volume of 201,000 tons, accounting for 17.6%. The proportion has increased, and the growth momentum is considerable. In the first seven months, it increased 59.4% year-on-year. The average import price was 3.24 US dollars/kg, down 9.7% year-on-year.
Among the remaining top ten import source countries, Uzbekistan has the fastest growth, with an increase of 98.9% and an import volume of 40,000 tons. Indonesia and South Korea increased by 38.8% and 6.5% respectively, with import quantities of 48,000 tons and 20,000 tons respectively. From January to July, imports from the United States and Thailand were 22,000 tons and 23,000 tons respectively, a decrease of 41.2% and 7.3% compared with the same period last year.
3. From January to July, the import volume of cotton yarn in four major provinces and cities exceeded 100,000 tons.
From January to July, Guangdong’s imported cotton yarn had a negative growth rate, importing 330,000 tons, accounting for 28.9%, down 16.8% year-on-year, and the import unit price was US$3.49/kg; Beijing also had negative growth, importing 167,000 tons, The decrease was 16.1%, and the import price was US$2.92/kg; Zhejiang imported 194,000 tons, an increase of 3.7%, and the import price was US$2.99/kg. Shanghai, Jiangsu, and Shandong imported 112,000 tons, 99,000 tons, and 94,000 tons respectively, with increases of 14.1%, 11%, and 23.4% respectively; Fujian imported 59,000 tons, a year-on-year increase of 3.2%; Anhui, Xinjiang, and Tianjin increased respectively. 75%, 108.9 and 79.8%.