China slips to fourth position in Indian cotton yarn export market in April

According to the latest import and export data, the total export volume of Indian cotton yarn (HS code 5205) in April 2024 was 87,637.26 tons, a year-on-year increase of 14.54%, but a month-on-month decrease of 16.25%. China has slipped to the fourth position in the Indian cotton yarn export market, with the export volume to China in April being 4,808.07 tons, a decrease of 51.36% year-on-year and 59.72% month-on-month.

In terms of the market share of Indian cotton yarn exports in April, China has slipped to the fourth position with around 5% of the export market, showing a 6% decrease compared to March 2024. Bangladesh maintains its position as the largest export destination for Indian cotton yarn, with a share of around 43%, representing a 6% increase compared to March. Portugal and Vietnam are the second and third largest export markets for India in April, with shares of 7% and 6% respectively, while Egypt and China are tied for the fourth position. The market shares of other countries were below 5%. Apart from Vietnam, China, Egypt, and Peru, the market shares of exports to other countries have either increased or remained stable compared to March 2024.

In April, Indian cotton yarn exports to China in April saw significant year-on-year and month-on-month declines. From the year-on-year changes, Colombia had the largest year-on-year increase, rising by 140.26%. Regarding month-on-month changes, Sri Lanka had the highest increase. As the fourth largest export market for Indian cotton yarn, the exports to China decreased by 59.72% month-on-month.

In Apr 2024, in the four mainstream Indian cotton yarns, exports to China saw decreases both on a year-on-year and month-on-month basis. From the month-on-month changes, the most significant decrease in export volume to China in Apr was combed single yarn 8-25s. In Apr, the main varieties of Indian cotton yarns exported to China was carded single yarn 8-25s, accounting for 58.33% of the total, with an export volume of 2804.72 tons. The combed single yarn 8-25s and combed single yarn 25-30s accounted for 3.41% and 13.92% respectively. The combed single yarn 30-47s accounted for 14.91% of the export volume, with a total of 717.12 tons exported.

In summary, Indian cotton yarn exports saw a year-on-year increase but a month-on-month decrease this month, with the main export markets being Bangladesh, Portugal, Vietnam, and China. Exports to China experienced significant decreases both on a year-on-year and month-on-month basis this month. In April, the export of the four main Indian yarns exported to China all decreased compared to the previous month and the same period last year. The largest quantity exported among the four mainstream cotton yarns was the carded single yarn 8-25s.