China's imports of Indian cotton yarn rose significantly in Jan

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 82,200tons in Jan 2024, up 29.26% year-on-year and but down 8.46% month-on-month. China remained the second largest export market for Indian cotton yarn. Indian cotton yarn exports to China in Jan were 15,293.08 tons, up 15.09% from a year earlier and 52.69% from a month earlier.

Judging from the proportion of Indian main cotton yarn export market in Jan 2024, China was still the second largest market for Indian cotton yarn, accounting for about 19% of Indian cotton yarn export market, up 8% from Dec 2023. Bangladesh, with a share of about 40%, still remained the largest market for Indian cotton yarn, down 6% to that in Dec 2023. Vietnam and Peru tied as the third-largest export markets for India in January, each holding a 5% market share. The market share of other countries was below 5%. Apart from Bangladesh, Peru, Vietnam, and Colombia, the market share of exports to other countries in January increased or remained stable compared to December 2023.

In Jan 2024, Indian cotton yarn exports to China increased year-on-year and month-on-month. From the year-on-year changes, Brazil saw the largest year-on-year increase, up 189%. From the month-on-month changes, China showed the highest increase. As the second largest export market for Indian cotton yarn, the exports to China increased by 52.69% month-on-month.

In Jan 2024, in the four mainstream Indian cotton yarns, except for the combed single yarn 25-30s, exports of the other three cotton yarns to China increased year-on-year. From the month-on-month changes, combed single yarn 8-25s showed the highest increase in volume among the four mainstream Indian cotton yarns to China. In Jan, the main varieties of Indian cotton yarns exported to China were carded single yarn 8-25s, accounting for 43.85%, and the export volume was 6706.69 tons. The combed single yarn 8-25s and combed single yarn 25-30s accounted for 19.25% and 17.30% respectively. The combed single yarn 30-47s accounted for 9.13% of the export volume, with a total of 1,396.28 tons exported.

In conclusion, Indian cotton yarn exports in Jan 2024 increased year-on-year but decreased month-on-month. Major export markets were Bangladesh, China, Peru, and Vietnam. The exports to China increased year-on-year and month-on-month. In Jan 2024, the export of the four main Indian yarns exported to China largely increased both year-on-year and month-on-month. Indian carded single yarn 8-25s exports were still the largest among the exports of the four mainstream Indian cotton yarns.