Japan’s cotton yarn import declines 8.30% in tonnes during H1 ’20
21 August, 2020
The Japan Spinners Association has compiled the data of the country’s cotton yarn import during January to June ’20 and it’s not satisfactory!
Primarily released simply by Ministry of Finance, Japan, the info says Japan declined by 8.30 per cent on Y-o-Y basis to 19,458 tonnes. The import of merged yarns contributed 8,813 tonnes and fell massively by 19 per cent.
The fall is clear as pandemic restricted market activities and impacted trade of every commodity of the united states.
Indonesia, the largest importing vacation spot for Japan found in cotton yarns, fell 17.80 % on yearly basis to 5,868 tonnes. Pakistan was the next major shipper of cotton yarns to Japan with 3,797 tonnes, marking a Y-o-Y surge of 7.80 %.
It’s worth mentioning in this article that cotton yarns imported from Pakistan are actually mainly utilized for towel manufacturing in Japan.
The cotton yarn shipment from Vietnam to Japan increased considerably by 23.20 % to 3,708 tonnes, while shipment from India (generally combed yarns) declined 26.80 % to 3,082 tonnes.
China is not a major cotton yarn importing vacation spot for Japan and the shipment from Chinese textile company stood at 1,017 tonnes, dropping by around 27 % on Y-o-Y basis.
Source: apparelresources.com