China is the largest export market for cotton yarn in India

Since July, the spot price of 21s cotton yarn dropped from 24620.00 yuan/ton at the beginning of the month to 24460.00 yuan/ton, a decrease of 0.65%. Customs import and export data showed that 489,400 tons of cotton yarns were imported during the first five months of 2013, an increase of 48.18% year-on-year. From January to April this year, the growth rate of China's imports of pure cotton yarns accelerated even further, with a year-on-year increase of 140.56%.

The spinning industry in India has grown rapidly in recent years, with 48 million spindles, annual output of 4.8 million tons, and 20% of cotton yarn exports. It is the world’s second-largest spinning country after China and the largest cotton yarn in the world. export country. India has a strong foundation in textile machinery. In recent years, investment in the spinning field has grown continuously. Spinning companies have advanced automation equipment and adopt highly efficient and modern textile technologies. India's cotton yarn production is expected to increase by 12% this year.

India has become a very competitive country for 20S~50S cotton yarn. In recent years, India's cotton yarn export volume has maintained growth at an annual growth rate of 10% to 15%. At present, China is the largest export market for cotton yarn in India, accounting for 45% of the market. The higher import volume has formed a great deal of enthusiasm for the price of middle and low cotton yarn.