India’s export yarn increase and China’s share decreases
In April 2016, India’s yarn export volume was 112,200 tons, a year-on-year increase of 12%, and the export value was US$299 million, a year-on-year increase of 1.7%. The average export unit price of yarn is US$2.66/kg.
In April 2016, a total of 82 countries imported yarn from India, of which China accounted for 27.5% of the total import volume, and the import volume decreased by 17% year-on-year. Bangladesh is the second largest importing country, accounting for 19.2% of total imports, and imports increased by 33.2% year-on-year. Egypt is the third largest importing country, with import volume increasing by 10.7% year-on-year and import value decreasing by 4.6% year-on-year. These three countries together accounted for 52% of India’s total yarn exports in April.
In April 2016, the proportion of Indian yarn in China’s yarn imports dropped to 22.9%, a decrease of 10.7 percentage points. Pakistan’s share dropped to 19.6%, a decrease of 7.7 percentage points. This means that although the Chinese market is still an important export market for Indian and Pakistani yarns, Indian and Pakistani yarn companies are reducing their dependence on the Chinese market.
This month, Vietnam has become China’s largest yarn importer, accounting for 29.9% from 17.9% last year. Part of the reason is that Chinese companies have invested heavily in Vietnam, which has led to the continuous expansion of Vietnam’s spinning and clothing production capacity. This shows that China’s yarn import structure is adjusting, and India and Pakistan may continue to lose the Chinese market.
As for Pakistan, due to the sharp decline in domestic cotton and cotton yarn production, it imports a large amount of cotton and cotton yarn from India. In April 2016, Pakistan’s cotton yarn import volume from India increased by 72.4% year-on-year, and the import value increased by 34.3% year-on-year. India’s yarn exports increased in April, while China’s share declined
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