According to customs statistics, my country’s cotton exports dropped sharply by 16.25% year-on-year in September 2021, while the year-on-year growth rates of cotton exports from May to August 2021 were 33.18%, 20.79%, -11.42%, and -5.33% respectively. It can be seen that in the second half of the year, the quantity and amount of my country’s cotton exports showed a relatively obvious decline year-on-year; and the decline suddenly accelerated in September. At the same time, my country imported only 4.35 million meters of cotton gray fabrics in September 2021, a year-on-year decrease of 56.06%; from January to September 2021, China imported a total of 50.93 million meters of cotton gray fabrics, a year-on-year decrease of 21.68%.
Some cotton textile enterprises and trading companies in Guangdong, Jiangsu, Zhejiang and other places stated that the import and export volume of cotton gray fabrics in 2021 will fall much more than expected, which also confirms the General Administration of Customs’ January-2021 In September, my country’s cumulative export volume of textiles was US$105.179 billion, a year-on-year decrease of 10.83%. The data is relatively accurate.
Why did my country’s cotton import and export volume and value plummet in both directions from July to September? The author’s views are briefly summarized as follows:
First, since the second half of 2021, the epidemic has broken out and spread in major Southeast Asian textile countries such as India, Vietnam, and Indonesia (especially Vietnam), and Vietnam and other countries Textile and clothing companies have reduced or suspended production, and imports of Chinese cotton cloth have declined significantly; while Japan and South Korea’s imports of Chinese cotton cloth have also continued to be sluggish.
Second, the “dual control + double limit” that started in Jiangsu, Zhejiang, Guangdong, Henan and other provinces in August/September has a relatively large impact on the production and sales of cotton spinning mills and weaving enterprises. Not only As a result, some cotton export orders have been forced to be postponed or canceled, and the order situation in the fourth quarter of 2021 is not optimistic.
Third, sea freight rates will continue to rise sharply in the second half of 2021. Containers and shipping spaces are very tight. Coupled with the upward pressure on raw materials such as cotton yarn and polyester staple fiber, cotton export profits will continue to increase. Compression, cotton textile companies actively refused to accept export orders and avoided risks.
Fourthly, in the second half of 2021, the demand/purchase of blended gray fabrics, chemical fiber gray fabrics and fabrics by European and American textile and clothing brand companies and retailers will recover relatively quickly, 1-3 months ahead of schedule The proportion of chemical fiber cloth in Christmas and Easter orders placed in March has also increased significantly. On the one hand, it avoids the US import ban on Xinjiang cotton products; on the other hand, it has an advantage in export prices. </p
