Published On: Nov 26, 2022 by Yarn
Cotton-yarn imports into China plunged this year to their lowest level in a decade, sending exporting countries such as India on a hunt for alternative destinations.
China is the world’s largest importer of cotton yarn from the likes of India, Vietnam, Pakistan and Uzbekistan, as its own spinning mills do not produce enough to feed its apparel and textile industry.
However, the value of China’s cotton-yarn imports declined by 33.2 per cent in the first nine months of this year to US$2.8 billion, from US$4.3 billion in the same period last year, according to its customs data.
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