China's yarn export volume rises in Jan'14

12 Mar '14

3 min read

The exports of yarn, including cotton yarn, synthetic yarn, silk yarn and wool and animal hair yarn, from China increased by 7.7 percent year-on-year to 331,000 tons in January 2014, according to the Chinese customs statistics.

However, the value of China’s yarn exports declined by 1.1 percent year-on-year to US$ 1.07 billion. The average yarn export price was $3.23 per kg, showing a decrease of 8.2 percent year-on-year.

Category-wise, chemical fibre yarn exports amounted to $660 million, an increase of 5.8 percent year-on-year; while cotton yarn exports amounted $210 million, down 18 percent; silk yarn exports were valued at $20 million, down 16.2 percent; and wool and animal hair yarn export decreased by 3.5 percent year-on-year.

Market-wise, China’s yarn exports to the EU, South Asia, Japan and North America rose in January 2014, while those to the Asean countries and Latin America declined. The Asian market accounted for 68.8 percent of all yarn exports from China, valued at $740 million, down 6.3 percent year-on-year. Of this, the exports to the Asean region declined 7.5 percent to $170 million, but increased by a sharp 24.5 percent to 51,000 tons in quantity.

China’s yarn exports to the South Asian countries of India, Bangladesh and Pakistan increased by 4.3 percent year-on-year, 23.7 percent and 12.8 percent, respectively, to $60 million, $100 million and $50 million.

During the month, China’s yarn exports to Japan, North America and the EU increased by 10.6 percent, 19.1 percent and 15.4 percent, respectively, to $40 million, $40 million and $130 million. On the other hand, exports to Latin America decreased by 6.6 percent to $50 million.

In terms of average price, the export prices of cotton yarn and silk yarn increased in January 2014, while others dropped. The average export price of cotton yarn was $4.85/kg, up 4.8 percent year-on-year, whereas that of silk yarn was $45.66/kg, up 27.5 percent. The average export price of wool and animal hair yarn dropped 1.1 percent to $30.46/kg and of synthetic yarn by 7.6 percent to $3.01/kg.

In January 2014, China imported 239,000 tons of yarn valued at $800 million, registering a decrease of 1.8 percent year-on-year and 2.2 percent year-on-year, respectively. The average import price was $3.322/kg, down 0.4 percent year-on-year.

In 2013, China exported 3.689 million tons of yarn worth $12.1 billion, showing a rise of 11.8 percent year-on-year and 6 percent year-on-year, respectively, at an average export price of $3.28/kg, down 5.2 percent year-on-year. The country also imported 2.788 million tons of yarn amounting to $9.61 billion, up 28 percent year-on-year and 25.4 percent year-on-year, respectively.

Fibre2fashion News Desk - India

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