China, the largest importer of yarn, reduced its cotton purchases sharply in 2017 – 18. Global yarn exports declined 8.8% year-on-year by volume in 2017-18. Exports however increased by 2.2% in value terms.
Yarn exports to China fell 30.7% year on year in 2017-18.
Exports to China declined 18.3% year on year in value terms to $858.8 million in 2017-18. China has a share of 46.7% in global imports.
India still remains the largest exporter of cotton yarn in the world, but its share has dropped to around 26% in 2017 from 30% in 2015.