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China's yarn trade rises in Jan-Sept'13
30
Oct '13
The total yarn trade of China increased during the first nine months of 2013.
 
From January to September 2013, China’s total yarn trade was 4.82 million tons, up 17.6 percent year-on-year, valued at US$ 16.47 billion, up 14.2 percent year-on-year.
 
During the nine-month period, China exported 2.727 million tons of yarn, up 8.5 percent year-on-year, which fetched US$ 9.22 billion, showing a rise of 5.2 percent year-on-year. The average export price was US$ 3.38/kg, down 3.1 percent y-o-y.
 
During the same period, China imported 2.093 million tons of yarn, up 32.1 percent y-o-y, valued at US$ 7.26 billion, showing an increase of 28 percent y-o-y.
 
In September 2013, China’s yarn exports stood at 289,000 tons, earning US$ 940 million at an average price of US$ 3.3/kg.  While cotton yarn, silk and man-made fibre yarn exports increased in varying degrees, exports of wool and animal hair yarn decreased marginally.
 
Asian markets accounted for 71 percent of China’s yarn exports by weight from January to September 2013. These markets consumed yarn worth US$ 6.55 billion, up 4.2 percent year-on-year.
 
China’s yarn exports to Asean countries grew steadily during the nine-month period to 361,000 tons, showing an increase of 7 percent y-o-y, valued at US$ 1.3 billion, up 6 percent y-o-y.
 
Among the South Asian countries, China’s yarn exports to India, Bangladesh and Pakistan increased by 22.6 percent y-o-y, 21.6 percent y-o-y and 8.2 percent y-o-y to US$ 470 million, US$ 620 million and US$ 410 million, respectively.
 
China’s yarn exports to Japan grew by 9.6 percent y-o-y to US$ 310 million, while exports to North America declined by 5.8 percent y-o-y to US$ 370 million. Exports to Latin America and the EU increased by 7.5 percent y-o-y and 14.8 percent y-o-y to US$ 990 million and US$ 490 million, respectively.
 
From January to September 2013, average cotton yarn and synthetic yarn export prices were US$ 4.92/kg and US$ 3.1/kg, down 2.6 percent y-o-y and 6.9 percent y-o-y, respectively.
 

Fibre2fashion News Desk - India


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