China's Cotton Yarn Imports by Origin in Oct 2024

In Oct, the import volume of Vietnamese yarn reached a new high, totaling 64.4kt, and the proportion slightly increased to 58%. The import volume of Pakistani yarn in October slightly decreased to 12kt, and its import share dropped to 11%. Indian total imports of cotton yarn in October were 6,731 tons, surpassing Malaysia to rank third. Uzbekistani cotton yarn arrivals in October continued to decline to 5,058 tons, reaching a new low level this year. The production capacity of cotton yarn in China's Xinjiang region is continuously expanding. The advantage of low-priced yarn has squeezed the market share of imported yarn. Moreover, the defect that Uzbekistani yarn is inherently difficult to trace and certify also makes it difficult to avoid fierce price competition.