According to customs statistics, in July 2022, my country’s cotton yarn export volume was 25,300 tons, a month-on-month increase of 14.63%, and a year-on-year increase of 1.11%; cotton cloth exports in July were 639 million meters, a month-on-month increase of 10.86%, a year-on-year increase of 10.07%. Judging from the investigation of some cotton spinning mills in Jiangsu, Zhejiang, Shandong and other places, increasing the export of cotton yarn to Southeast Asia, Belt and Road countries, Japan, South Korea, Turkey and other countries has become a breakthrough in the blockade of continued tariffs imposed by the United States on imports from China. Some institutions and cotton-related companies believe that my country’s cotton yarn and cotton cloth exports maintained a growth momentum in August, supporting the growth of the entire textile and apparel exports.
What are the advantages of my country’s cotton yarn export under the current situation? Industry analysis mainly includes the following points: First, my country’s cotton yarn has a slight price advantage over Indian yarn, Pakistani yarn, and Vietnamese yarn. Although judging from market quotations in Jiangsu, Zhejiang, Guangdong and other markets, the price difference between imported C32 cotton yarn and domestic cotton yarn is still 4500-5500 yuan/ton. Considering a series of costs such as tariffs and customs clearance, plus shipping charges, tariffs and other costs, domestic cotton yarn will The price advantage of exports from Southeast Asia and other countries is still 500-1,000 yuan/ton.
Second, Southeast Asian countries have insufficient production capacity for high-count yarns (especially carded yarns of 60S and above). Affected by factors such as the U.S. Xinjiang cotton ban and the epidemic, a large part of high value-added textile and clothing orders have been transferred to countries such as India, Indonesia, and Vietnam in the past two years. However, due to various constraints such as equipment, technology, worker skills, and industrial supporting facilities, The production capacity of high-count yarns of 60S and above is not only very low, but also very costly. There is a large market for high-count carded/combed yarns in China.
Third, affected by factors such as high cotton prices, “upside-down” spinning profits, export obstacles, and energy shortages (including natural gas, electricity, etc.), the proportion of yarn mills in India, Pakistan, Vietnam and other countries has significantly reduced or suspended production since the second quarter. The supply of cotton yarn is tight or even insufficient, which is expected to pave the way for my country to increase exports of cotton yarn.
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