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Export volumes of combed wool yarn fall, but value grows
21
Nov '08
According to figures released by Customs, China's total exports of combed wool yarn reached 1700.82 tons in September 2008, down 292.17 tons from August, or a reduction of 14.66 percent and less 526.08 tons than September 2007, a year-on-year decline of 13.12 percent.

Exports of combed wool yarn brought in US $32.85 million in September, down $2.88 million or 8.08 percent from the previous month but despite a significant reduction in export volumes from the same period last year, export value still improved year on year as they grew by $3.97 million, or 13.7 percent, from September 2007 due to better price realization.

The average export price in September was $19.32 per kilogram, 7.69 percent higher than $17.94 per kilogram in August, and 48.96 percent over the price level in September 2007.

In the first three quarters, China's exports of combed wool yarn registered 22679.59 tons in total, a decrease of 4647.39 tons or 17.01 percent year-on-year while export value on the other hand reached $397 million, an increase of 6.09 percent year-on-year in comparison to the same period in 2007.

Average export price in the same period stood at $17.51, up by $3.82 from $13.69 at the same time last year, representing a year-on-year increase of 27.9 percent.

Fibre2fashion News Desk - China

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