-A brief overview of cotton yarn imports across the country

Since the beginning of the year, the overall trend of domestic cotton prices has been downward. Especially after the implementation of the cotton target price policy in early April, domestic cotton prices fell by nearly 2,000 yuan/ton within a month. Correspondingly, the price difference between domestic and foreign cotton has narrowed significantly. At the end of April and early May, the quasi-tax price difference was only about 1,500 yuan/ton, and rose to 1,954 yuan/ton on May 27.
Affected by this, domestic companies’ enthusiasm for imported cotton yarn has weakened. From January to April, the country’s total textile and clothing imports were US$8.58 billion, a year-on-year increase of 5.8%; of which cotton yarn imports accounted for 25.5%, and the import volume was US$2.18 billion, a year-on-year increase of 4.1%.
1. From January to April 2014, the overall growth of my country’s cotton yarn imports slowed down.
From January to April, the country’s total cotton yarn imports were 695,000 tons, an increase of 7.2%, which was significantly slower than the 51.3% increase in the same period last year. Among them, 181,000 tons were imported in January, down 0.6% year-on-year; imports in February were 153,000 tons less than in January, but an increase of 49.8% compared with the same period last year; imports in March were 178,000 tons, a decrease of 10.7% year-on-year; and imports in April were 182,000 tons. tons, an increase of 11%. The average import price of cotton yarn in the first four months was US$3.14/kg, down 2.9% year-on-year. The import unit price has been on a downward trend since May last year, falling to US$3.08/kg in February this year, and rising in March and April from February, both at US$3.17/kg.
2. The growth of my country’s cotton yarn imports from India has slowed down, while imports from Vietnam have good momentum.
India, Pakistan, and Vietnam are the top three source markets for China’s cotton yarn imports. From January to April, they together accounted for 70.6% of my country’s cotton yarn imports. Throughout last year, my country’s cotton yarn imports from India maintained a growth rate of more than double. This year’s growth slowed down significantly compared with last year. From January to April, imports were 211,000 tons, an increase of 7.4%; the average import price was US$3.09/kg, a year-on-year decline. 3.3%. Imports of 173,000 tons of cotton yarn from Pakistan dropped 12.9% year-on-year; the average import price was US$2.79/kg, down 4%. Vietnam ranked third, with an import volume of 106,000 tons, and a relatively impressive growth momentum, with a year-on-year increase of 74.3% in the first four months; the average import price was US$3.24/kg, a year-on-year decrease of 9.6%.
Among the remaining top ten import source countries, Uzbekistan has experienced the fastest growth, with an increase of 125% and an import volume of nearly 23,000 tons. The growth rates of Indonesia, Thailand and South Korea were 49.8%, 11.8% and 12.4% respectively, and the import quantities were 25,000 tons, 14,000 tons and 12,000 tons respectively. From January to April, 13,000 tons were imported from the United States, a decrease of 33.9% compared with the same period last year.
3. Guangdong is China’s largest importer of cotton yarn, with Zhejiang and Beijing evenly matched.
From January to April, the import volume of cotton yarn in three major provinces and cities exceeded 100,000 tons, accounting for a total of 61.5%. Among them, Guangdong’s import growth was negative, importing 205,000 tons, a year-on-year decrease of 15.1%, and the import unit price was higher. 3.42 US dollars/kg; Beijing and Zhejiang imported 111,000 tons and 112,000 tons respectively, with increases of 12% and 8.5% respectively. Jiangsu, Shanghai, and Shandong all imported more than 50,000 tons, with increases of 32.4%, 25.8%, and 38% respectively; Fujian imported 36,000 tons, down 4.4% year-on-year; Anhui, Tianjin, and Xinjiang all increased significantly.