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Chinese yarn exports nosedive in Jan

15
Mar '12
Chinese yarn export volume realized 226,000 tons, down 26.8 percent from a year ago, while export value stood at US $790 million, also down 26.9 percent.

Countries of the ASEAN became the bright spot of China's exports in January, while exports increased slightly to North America.

Asia was still the major export market for China's yarn exports in January 2012, but both export volume and value fell by 30 percent.

Exports to Hong Kong decreased 43.2 percent in value. Shipments to South Korea, Turkey and India fell 34.4 percent, 20 percent and 45.2 percent, respectively.

Only exports to ASEAN rose 3.7 percent to 27,000 tons in volume, but export value fell 2.5 percent to US $98 million, due to the influence of unit price.

Exports to Vietnam, Thailand and Cambodia marked $40 million, $13 million and $5 million, representing an increase of 9.7, 13.7 and 14.5 percent, respectively.

China's yarn exports to North American increased both in volume and value.

Export volume reached 21,000 tons and value fetched $13 million, showing an increase of 0.5 percent and 1.1 percent, respectively.

Export volume to EU fell 6.5 percent to 30,000 tons and also dragged value down to $92 million, down 17 percent.

Among main yarn export products, price of cotton yarn was $4.9 / kg, down 7.8 percent year on year that of silk yarn was $28.87 / kg, down 15.8 percent and export price of chemical fiber yarn stood at $3.4 / kg, up 7.3 percent.

Yarn import volume achieved 113,500 tons, down 31.2 percent year on year; import value marked $390 million, down 35.6 percent from a year ago.

Fibre2fashion News Desk - China


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