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Insight | Time: May 27 2023 10:16AM  Editor:Monica Jiang
A sharp decline in rayon yarn export of China in Apr
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The textile industry chain generally does not report any expectations for exports this year, especially in the field of rayon yarn. In Apr, the export of polyester yarn has improved, and the year-on-year decline in cotton yarn export has also slowed down, but the reduction in rayon yarn export continues to expand. According to customs data, the total export volume of rayon yarn in Apr 2023 was 9,747 tons, a year-on-year decrease of 54%, and the export value was 25.41 million US dollars, a year-on-year decrease of 57%. Among them, the export of single yarn and ply yarn was respectively 8,142 tons and 1,606 tons, a year-on-year decrease of 58% and 10%.



In Apr, single yarn exported to the five major destinations (Brazil, Bangladesh, Pakistan, India and Vietnam) reached 6,899 tons, a year-on-year decrease of 63%, accounting for 85% of the total single yarn export. The export to the top five destinations declined sharply, and the export structure also changed much, with the largest share changing from India to Brazil.



The export of rayon single yarn from major origins (Jiangsu, Zhejiang, Fujian, Xinjiang and Sichuan) totaled 7,439 tons, a year-on-year decrease of 61%, taking up 91% of the total single yarn export. In the first quarter, the export from major origins generally saw a notable year-on-year decline, especially that from Zhejiang falling by 91% year-on-year to less than 1kt for the first time this year.



In April 2023, the export volume of rayon yarn dropped sharply year-on-year, mainly due to the obvious shrinkage of the export volume to India. As a result, the export pattern of rayon yarn has changed, and Brazil has once again become the first destination of China's rayon yarn export.

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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