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China's cotton yarn imports shoot up in Jan-Oct'13
18
Dec '13
The imports of cotton yarn made by China from January to October 2013 surged by 44.2 percent year-on-year to 1.751 million tons, according to the Customs statistics. 
 
Cotton yarn imports accounted for 26.8 percent of China’s total textile and apparel imports during the ten-month period.
 
In terms of value, China’s cotton yarn imports amounted to US$ 5.71 billion, registering an increase of 43.6 percent year-on-year. The average import price worked out to US$ 3.26/kg, down 0.4 percent.
 
The highest increase in the quantity of cotton yarn imported by China was witnessed in January this year, when the imports jumped by 153.8 percent to 182,000 tons. However, the largest quantity of cotton yarn was imported in August, when the country imported 203,000 tons of cotton yarn.
 
During the first ten months of 2013, Pakistan was the largest supplier of cotton yarn to China, followed by India. These two countries together accounted for 59.1 percent of all cotton yarn imported by China during the period. The average import price for cotton yarn from Pakistan and India worked out to US$ 2.94/kg and US$ 3.25/kg.
 
With 207,000 tons, Vietnam was the third largest source of cotton yarn for China in January to October 2013 period. 
 
Indonesia, United States and Thailand stood at sixth, seventh and eighth places in terms of cotton yarn supply to China during the period under review. These three countries supplied 55,000 tons, 47,000 tons and 39,000 tons of cotton yarn respectively, to China, growing at 131.2 percent year-on-year, 163.7 percent and 128.5 percent.
 
China’s Guangdong province imported the largest quantity of cotton yarn, while Beijing and Shanghai stood at second and third places, during the period under review.
 

Fibre2fashion News Desk - India

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