China: Spun Yarn Market 2021

Spun Yarn Market Size in China

After six years of growth, the Chinese spun yarn market decreased by -X% to $X in 2019. Overall, consumption, however, saw significant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Spun yarn consumption peaked at $X in 2018, and then declined in the following year.

Spun Yarn Production in China

In value terms, spun yarn production contracted to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2018, and then contracted in the following year.

Spun Yarn Exports

Exports from China

In 2019, overseas shipments of yarn spun from silk waste were finally on the rise to reach X tons after six years of decline. Overall, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, spun yarn exports expanded markedly to $X in 2019. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Pakistan (X tons) and Japan (X tons) were the main destinations of spun yarn exports from China, together comprising X% of total exports. These countries were followed by India, Indonesia, Iraq, Nepal, Bangladesh, Germany and Hong Kong SAR, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh, while exports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Japan ($X) and India ($X) constituted the largest markets for spun yarn exported from China worldwide, with a combined X% share of total exports. These countries were followed by Indonesia, Bangladesh, Germany, Pakistan, Nepal, Hong Kong SAR and Iraq, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, with a decrease of -X% against the previous year. Over the period under review, export price indicated moderate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2018, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into China

In 2019, the amount of yarn spun from silk waste imported into China skyrocketed to X tons, growing by X% compared with 2018. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports soared to $X in 2019. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

Japan (X tons), Italy (X tons) and India (X tons) were the main suppliers of spun yarn imports to China, with a combined X% share of total imports. These countries were followed by France, which accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (+X% per year), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest spun yarn suppliers to China were Italy ($X), Japan ($X) and France ($X), together accounting for X% of total imports.

France (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform

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