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 by Ministry of Finance, Japan, the data says Japan declined by 8.30 per cent on Y-o-Y basis to 19,458 tonnes. The import of combined yarns contributed 8,813 tonnes and fell massively by 19 per cent.
The fall is obvious as pandemic restricted market activities and impacted trade of every commodity of the country.
Indonesia, the largest importing destination for Japan in cotton yarns, fell 17.80 per cent on yearly basis to 5,868 tonnes. Pakistan was the second largest shipper of cotton yarns to Japan with 3,797 tonnes, marking a Y-o-Y surge of 7.80 per cent.
It’s worth mentioning here that cotton yarns imported from Pakistan are mainly used for towel manufacturing in Japan.
The cotton yarn shipment from Vietnam to Japan increased significantly by 23.20 per cent to 3,708 tonnes, while shipment from India (mainly combed yarns) declined 26.80 per cent to 3,082 tonnes.
China is not a major cotton yarn importing destination for Japan and the shipment from Chinese textile firm stood at 1,017 tonnes, dropping by around 27 per cent on Y-o-Y basis.