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Overview of National Yarn Import and Export from January to November 2017
发布时间:2018-11-09 17:43:03 点击次数:669

According to customs statistics, from January to November 2017, the national yarn import and export volume was 17.74 billion U.S. dollars, a year-on-year increase of 6.7%, and the growth rate was further expanded. The export value was 10.6 billion US dollars, an increase of 6.3%; the export volume was 4.311 million tons, an increase of 4.9%; the average export price was 2.46 US dollars / kg, an increase of 1.3%. The import value was 7.14 billion US dollars, an increase of 7.3% year-on-year; the average import price was 3 US dollars / kg, an increase of 4.2%.


First, the main yarn category maintained growth in the month of November


In November, the yarn export volume was US$990 million, a year-on-year increase of 17.9%. In addition to the decline in exports of yarns in the main categories, all other categories maintained double-digit growth. Cotton yarn and chemical fiber yarn exports were 140 million and 690 million US dollars respectively, up 24.4% and 18.2% year-on-year. Among them, the export volume of cotton yarn was 34,000 tons, an increase of 29.5%, and the price dropped by 3.9%. The export volume of chemical fiber yarns was 275,000 tons, an increase of 3.8%, and the price increased by 13.9%.


Second, the export growth of the main markets was stable, and the growth of the Belt and Road countries was remarkable.


ASEAN is China's largest market for yarn exports, accounting for 17.2% of yarn exports. From January to November, China’s exports to ASEAN reached US$1.82 billion, an increase of 14.6%. Compared with the first half of the year, the growth rate continued to expand. Among them, exports to the Philippines grew the fastest, with exports of 220 million US dollars, an increase of 73.6%. The country's ranking in the export market also rose from 21 in 2015 to 14 places, surpassing Thailand and Cambodia.


Among other Asian markets, Bangladesh ranks second in China's yarn export market, accounting for 8%. From January to November, China’s exports to Bangladesh increased slightly, with exports amounting to 840 million U.S. dollars, an increase of 10.8%.


Among the countries along the Belt and Road, exports to Turkey and Russia increased significantly, ranking 5th and 21st. Among them, exports to Turkey amounted to 540 million US dollars, an increase of 22.1%, accounting for 5.4%. Exports to Russia have grown significantly, with exports valued at $120 million, an increase of 32.6%.


In other markets, exports to the United States amounted to $530 million, a year-on-year increase of 14%. The export value to the EU was 1.07 billion US dollars, an increase of 2.1%. The value of exports to Hong Kong was US$970 million, a decrease of 17.2%. Exports to Japan fell by 0.7% to 340 million U.S. dollars, and the decline was narrowed.


Third, the major coastal exporting provinces maintain growth


From the perspective of export volume, the coastal provinces are the main exporters of yarn. The top five provinces and cities are Zhejiang, Jiangsu, Shandong, Fujian and Guangdong, accounting for 78% of the total. Except for a 4.5% decline in Guangdong, the remaining provinces maintained growth. Among them, Zhejiang and Fujian have a relatively fast export growth rate of 3.5 billion US dollars and 880 million US dollars respectively, an increase of 14% and 26.5% respectively. Exports from Jiangsu and Shandong were US$2.28 billion and US$870 million, respectively, an increase of 2.4% and 3.6% respectively.


In terms of export unit price, among the top five exporting provinces, except for the Shandong province, the unit price dropped slightly by 2.5%, and the other four provinces maintained the unit price. Fujian's average unit price is 1.88 US dollars / kg, an increase of 20.7%. Guangdong has the highest export price, with an average of US$5.1/kg. Among the remaining provinces, Inner Mongolia and Ningxia had higher export prices of US$53.3/kg and US$26.2/kg, respectively, down 21.8% and 65.4% respectively.


Fourth, the main category unit price rises and falls


From January to November 2017, the unit price of silk and chemical fiber yarns increased by US$42.8/kg and US$2.3/kg, up 14.8% and 6.3% year-on-year. The unit price of cotton yarn and wool animal hair yarns declined, down by 4.4% and 6.9% respectively.


V. Overview of National Cotton Yarn Imports from January to November


(1) Domestic cotton cotton yarn imports tend to be stable


Since December, the global manufacturing expansion rate has slowed down, and foreign cotton prices have stabilized. With the end of the domestic cotton rotation work, the domestic and foreign cotton price gaps have gradually narrowed, and China's cotton and cotton yarn imports have stabilized.


According to customs statistics, from January to November 2017, China's cotton yarn imports amounted to 4.94 billion US dollars, up 7.8%, accounting for 69% of total yarn imports, accounting for 21.9% of total textile and apparel imports. The import volume was 1.795 million tons, a slight increase of 1.4% year-on-year. The import price was 2.75 US dollars / kg, an increase of 6.3%.


(2) Vietnamese yarn is still favored


In recent years, a large number of enterprises have set up factories in Southeast Asia, and the top five sources of imported cotton yarns are all from Southeast Asia. Vietnam is one of the largest investors. China's imports of cotton yarn from Vietnam continue to grow, accounting for 38% of the total. It is currently the largest source of cotton yarn imports in China. From January to November 2017, China imported 655,000 tons of cotton yarn from Vietnam, an increase of 15.2% year-on-year, accounting for 36.5% of the total cotton yarn imports, which was basically the same as the first half.


In addition to Vietnam, China also imports cotton yarn from India, Pakistan, Indonesia, Taiwan, Uzbekistan and other countries. Imports from Indonesia and Uzbekistan grew rapidly, with growth of 28.2% and 19.5% respectively.


(3) The price difference between domestic and foreign cotton has narrowed, and the number of cotton yarn imports has fallen back.


As of December 29, the international cotton price (CotlookA) was about 14,874 yuan / ton, the domestic cotton price (3128B) average price was 15,699 yuan / ton, the difference between the two is about 825 yuan / ton, compared with the difference of 1886 yuan / ton in May narrow. With the domestic reserve cotton rotation, the market supply is sufficient, and the number of cotton yarn imports has dropped back before the end of the year.


Source: "China Textile Network"


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