January 2024: Import of Indian cotton yarn in China increases
Total Exports Indian cotton yarn exports reached 82,200 tons in January 2024, marking a 29.26% increase compared to the same period last year. However, there was an 8.46% decrease compared to the previous month.
Chinese Market China maintained its position as the second-largest export market for Indian cotton yarn. In January, India exported 15,293.08 tons of cotton yarn to China, which is a 15.09% increase from the previous year and a significant 52.69% increase from the previous month.
Market Share China accounted for approximately 19% of Indian cotton yarn exports in January 2024, representing an 8% increase from December 2023.
Other Markets Bangladesh remained the largest market for Indian cotton yarn, with a share of about 40%, although it decreased by 6% compared to December 2023. Vietnam and Peru tied as the third-largest export markets for India in January, each holding a 5% market share.
Export Trends apart from Bangladesh, Peru, Vietnam, and Colombia, the market share of exports to other countries either increased or remained stable compared to December 2023. Brazil saw the largest year-on-year increase in exports to India, up by 189%.
Varieties Exported the main varieties of Indian cotton yarn exported to China in January were carded single yarn 8-25s, which accounted for 43.85% of the total export volume, followed by combed single yarn 8-25s and combed single yarn 25-30s.
Conclusion Overall, Indian cotton yarn exports saw a year-on-year increase in January 2024, with major markets including Bangladesh, China, Peru, and Vietnam. Exports to China particularly showed significant growth both year-on-year and month-on-month. Carded single yarn 8-25s remained the largest among the four main Indian cotton yarns exported to China.
This data suggests a strong demand for Indian cotton yarn in China, with specific preferences for certain varieties, indicating potential areas for further growth and market targeting.
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