May 2022 China cotton yarn exports inched up on the year

May 2022 cotton yarn exports increased by 8.32% on the year, down 42% compared with that in May 2019.

May 2022 cotton yarn exports totaled 14.4kt, compared with 13.3kt in May 2021 and 8.6kt in May 2020, and it saw the fastest growth since Jul 2021.

The structure of exported varieties did not change much which was still dominated by combed 30.4-46.6S, combed 54.8-66S, carded 8.2-25S and combed 66S or higher-count one.

In terms of export volume, carded 8.2-25S rose 45%, combed 30.4-46.6S rose 49%, and combed 46.6-54.8S rose 41%, while combed 8.2-25S ply yarn declined 39%.

In terms of export destination, Bangladesh moved up to the first place with shares of 24%, followed by Vietnam and Pakistan. The export volume to Vietnam and Bangladesh increased largely. Thailand and Iran also saw great growth rate.

In conclusion, May 2022 cotton yarn exports inched up with Southeast Asia still the major export destinations.