Customs Data: China'S Import Of Indian Cotton Yarn Decreased Significantly In March

 

According to customs data, China's cotton yarn import volume in 2021 will be 2.12 million tons, with a year-on-year increase of 11.58%, and the market demand will increase significantly; The top five importers were Vietnam, India, Pakistan, Uzbekistan and Indonesia, accounting for 45%, 15%, 13%, 12% and 5% respectively.

From January to February 2022, China imported 250000 tons of cotton yarn, a year-on-year decrease of 28.5%. The main sources of China's cotton yarn imports are Vietnam, Pakistan, India, Malaysia and Uzbekistan, accounting for 53%, 14%, 12%, 5% and 5% respectively.

In March 2022, China imported 120000 tons of cotton yarn, a year-on-year decrease of 44.7%. The main sources of China's cotton yarn imports are Vietnam, Uzbekistan, Pakistan, Indonesia and Malaysia, accounting for 53%, 13%, 12%, 6% and 4% respectively.

Data display,

In 2021, China's import volume of Indian yarn is 318000 tons, accounting for 15%, ranking the second among the main sources of cotton yarn import.

From January to February 2022, China's import volume of Indian yarn is 29000 tons, accounting for 12%, ranking the third among the main sources of cotton yarn import.

In March 2022, the number of Indian yarn imported by China was 4927 tons, accounting for less than 4%, and the import quantity of Indian yarn was greatly reduced.

Affected by the Xinguan epidemic, many foreign companies are worried about the impact of the new crown epidemic in China on the delivery date, and they are all transferred to Southeast Asia. The local textile demand in India is strong, and the spinning mills have arranged orders compactly. In addition, India has cancelled the import tariff on cotton (21450, - 25.00, - 0.12%), so the price of cotton flower in India continues to rise, which leads to the excessive rise of Indian cotton yarn export price, Cotton yarn export demand continues to be under pressure.