China's yarn imports and exports rise in 2013

12 Feb '14

2 min read

The imports and exports of yarn from China showed a double-digit increase last year.

According to the Chinese customs statistics, China’s yarn trade in 2013 was 6.477 million tons valued at US$ 21.71 billion, registering an increase of 18.2 percent year-on-year and 13.8 percent year-on-year, respectively.

China exported 3.689 million tons of yarn worth $12.1 billion during the year, showing a rise of 11.8 percent year-on-year and 6 percent year-on-year, respectively. The average export price of yarn worked out to $3.28/kg, down 5.2 percent year-on-year.

From January to December 2013, China 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.

In 2013, China’s exports of yarn to Asean and South Asia increased, while exports to North America rose slightly and to Japan declined.

Asia continues to be the most important market for Chinese yarn exports, with exports of $8.52 billion, accounting for 70 percent of China’s total exports of yarn.

Last year, China’s yarn exports to Asean sustained steady growth in export volume and reached 510,000 tons, showing an increase of 15.6 percent year-on-year. These exports earned $1.79 billion, up 8 percent year-on-year.

Among yarn exports to Asean nations, the largest increase in export value was registered in exports to Cambodia, which fetched $1.2 billion, showing a surge of 66.4 percent year-on-year. China’s yarn exports to Vietnam earned $800 million, up 35.4 percent year-on-year; to Indonesia was $260 million, up 6.7 percent; to Malaysia was $140 million, up 6.8 percent year-on-year; and to Malaysia was worth $80 million, up 8.1 percent year-on-year.

China’s yarn exports to South Asian countries of India, Bangladesh and Pakistan amounted to $600 million, $760 million and $560 million, up 13.4 percent year-on-year, 17.8 percent and 10 percent, respectively.

In 2013, China’s yarn exports to Japan declined by 5.8 percent year-on-year to $420 million, while to North America increased by 1 percent to $510 million. Exports to the EU and Latin American countries were worth $1.31 billion and $660 million, up 8.9 percent and 14.3 percent, respectively.

Segment-wise, the average export price of silk yarn increased by 15 percent year-on-year to $37.1/kg in 2013, while the price of wool and other animal hair yarn increased by 7.5 percent year-on-year to $32.76/kg.

On the other hand, the export price of cotton yarn and synthetic yarn decreased by 1.5 percent year-on-year and 9.1 percent to $4.81/kg and $3.02/kg, respectively, during the year.

Fibre2fashion News Desk - India

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