According to customs statistics, my country imported a total of approximately 2.12 million tons of cotton yarn from January to December 2021, a year-on-year increase of 11.4%; among which the growth rates of cotton yarn imports in November and December were -11.63% and -22.22% respectively, and cotton yarn imports in December were the highest for the whole year. The lowest month also has the largest year-on-year decrease. However, cotton yarn exports showed rapid growth in the fourth quarter of 2021, and the trend is to seize international market share. In November 2021, my country’s cotton yarn export volume was 23,000 tons, an increase of 0.99% month-on-month and a year-on-year increase of 1.94%; while in December 2021, my country’s cotton yarn exports were 23,000 tons. The year-on-year growth rate of online export volume rapidly expanded to 15.95%.
Why did my country’s cotton yarn export growth rebound strongly in November and December 2021? The industry summarizes the following points:
First, domestic cotton yarn prices in India and Pakistan have risen sharply since 2021/22, and the external quotations are increasingly inversely related to Chinese cotton yarns. This has led to not only Vietnam, Bangladesh, Indonesia and other countries’ textile and clothing companies gradually “going to India and Pakistan to purchase yarn” “Chinese yarn”, and some Indian weaving factories and garment companies have also increased their efforts in outsourcing.
Second, in July/August 2021, as India, Pakistan and other countries restarted the cotton textile and clothing industry “with illness”, a large number of orders from Europe, the United States, Japan, South Korea and other countries quickly returned from China, Vietnam, etc., and enterprises in India, Pakistan and other countries produced/ The order queue is strong (some companies even accept orders until May/June 2022); however, yarn mills in India, Pakistan and other countries have been mainly accepting “pre-orders” 2-3 months in advance, and the inventories of raw materials and finished products in yarn mills continue to be at a low level. At a low level, orders are pouring in, and weaving factories and clothing companies have to increase the import of cotton yarn.
Third, compared with Central Asian Uzbekistan yarn, Turkmenistan yarn and some Southeast Asian yarn mills, Chinese yarn not only has better quality, but also has high stability, strong consistency and guaranteed supply capacity, which is conducive to textile and clothing companies in accepting long-term and large-scale orders. one.
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