-A brief overview of cotton yarn imports across the country

Faced with the launch of new cotton, domestic cotton prices experienced a sharp decline from late September to early October. From late November to early December, the domestic cotton market fluctuated again. In mid-to-late December, domestic cotton prices stopped falling and stabilized. . The price difference between domestic and foreign cotton has narrowed significantly. On December 24, the price difference between domestic and foreign cotton was: 2,616 yuan per ton within the tariff, and 69 yuan per ton after discounting the quasi-tax. The most direct reaction to the price difference is the continued decline in cotton yarn imports.
From January to November, the country’s total textile and apparel imports were US$24.21 billion, down 2% year-on-year; of which cotton yarn imports accounted for 23.3%, and the import volume was US$5.63 billion, down 10.2% year-on-year.
The characteristics of cotton yarn imports in the first 11 months of this year are as follows:
1. In November, my country’s cotton yarn imports continued to fall in both volume and price.
According to China Customs statistics, the total import volume of cotton yarn in the country from January to November was 1.805 million tons, and the cumulative import volume fell by 6.3%. Except for February and April, all other months experienced declines to varying degrees. The largest decline was in August, which fell by 26.1%. %, falling by 13.4% and 5.4% respectively in September and October, and by 6.7% in November, with the import volume reaching 164,000 tons.
The average import price of cotton yarn in the first 11 months was US$3.12/kg, down 4.1% year-on-year. The import unit price showed a trend of rising first and then falling. It was the highest in June and July, both at 3.21 US dollars/kg, and then continued to decline. It was 3.16 US dollars/kg in August, and dropped to 3.06 US dollars/kg in September. The decline in October and November Larger, 7.4% and 7.8% respectively. The unit price in October was US$3.01/kg, and the unit price in November reached a new low of US$2.96/kg.
2. From January to November, 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 November, my country’s cotton yarn imports from India and Pakistan showed negative growth, while the good growth momentum of imports from Vietnam further consolidated the dominance of Vietnamese cotton yarn in the Chinese market. status. From January to November, my country’s cotton yarn imports from India accounted for 26.4% of total imports, which was 476,000 tons, down 16.4%; the average import price was US$3.07/kg, down 5.8% year-on-year. Imports of 448,000 tons of cotton yarn from Pakistan accounted for 24.8%, a year-on-year decrease of 20.8%; the average import price was US$2.77/kg, a decrease of 5.8%. Vietnam ranked third, with an import volume of 354,000 tons, accounting for 19.6%. The proportion further increased, and the growth momentum was considerable. In the first 11 months, it increased by 53.7% year-on-year; the average import price was 3.21 US dollars/kg, down 8.7% year-on-year.
Among the remaining top ten import source countries, Indonesia and Uzbekistan also grew rapidly, with growth rates of 37.8% and 53.6% respectively, and import volumes of 84,000 tons and 62,000 tons respectively. Imports from the United States, South Korea, and Thailand all showed negative growth, with import quantities of 31,000 tons, 31,000 tons, and 35,000 tons respectively.
3. From January to November, the import volume of cotton yarn in four major provinces and cities exceeded 200,000 tons.
From January to November, four major provinces and cities imported more than 200,000 tons of cotton yarn. Guangdong imported 505,000 tons, down 16.7% year-on-year, accounting for 28%. The import unit price was US$3.46/kg; Beijing imported 245,000 tons, a decrease of 29.7%. %, the import price was US$2.88/kg; Zhejiang and Shanghai imported 316,000 tons and 206,000 tons respectively, an increase of 0.3% and 19.5%, and the import prices were US$2.93/kg and US$3.09/kg respectively. Jiangsu and Shandong imported 147,000 tons and 149,000 tons respectively, and the other ten major importing provinces and cities also experienced varying degrees of growth.
The quantity of cotton yarn imported through general trade was 1.32 million tons, accounting for 73.1%, down 2.9% year-on-year, totaling US$3.85 billion; supplemented by processing trade, the import quantity was 459,000 tons, accounting for 25.4%, of which 43.3% was processed with imported materials. Thousands of tons.