VFY exports from Jilin see a notable y-o-y reduction of 44% in Jul

According to customs data, VFY (H.S. code: 54033190) export of China in Jul 2024 is 8,432 tons, a month-on-month increase of 1.57% and a year-on-year decline of 9.72%. In Jan-Jul, the cumulative export volume is 52,403 tons, up 7.47% from the same period of 2023 with the volume of 48,762 tons. The average export volume in the first seven months of 2024 is 7,486 tons, which is much higher than 6,966 tons in the same period of 2023.

However, the export price of VFY has been falling since the beginning of this year, from $5,676/mt in Jan to $5,156/mt in Jul. In Jan-Jul this year, the average export price is $5,326/mt, which is much lower than $5,750/mt in the same period of 2023.

India, Pakistan and Turkey are still the top three destinations of China's VFY export, accounting for 85% of total in the first seven months of 2024. As for origins, Xinxiang Chemical Fiber, Jilin Chemical Fiber and Yibin Grace are the major exporters in China, taking up 92% of the total volume.

Among the top destinations like India, Pakistan and Turkey, the export to Pakistan in Jul 2024 increased notably by 35% compared to the same period of 2023, while that to India and Turkey decreased by 14% and 66% respectively. As for the top three origins, the export from Henan and Sichuan increased, while that from Jilin decreased by 44% year on year.