VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 06/2022 ISSUE

June 2022
Cotton and Yarn Statistic
MONTHLYREPORT
w w w . v c o s a . o r g . v n w w w . v i e t n a m y a r n p r i c e . c o m
Collected & Edited: Information & Communication Dept.
--For internal circulation only--
Vietnam Cotton and Spinning Association

VIETNAM COTTON AND SPINNING ASSOCIATION_______________________JUN 2022 – MONTHLY REPORT
15/Fl., Block B, Viettel Complex Tower, 285 CMT8 Str, Ward 12, District 10, Hochiminh City, Vietnam.
Hotline: 84-902379490, Email: info@vcosa.org.vn
Account VND: 007 100 559, USD: 0001887357124
At Military Commercial Joint Stock Bank
Swift code: MSCBVNVX
Ho Chi Minh city, Jun 28th , 2022
MONTHLY REPORT Jun 2022
Contents
Report and Database ...............................................................................................................3
Monthly Import Statistics ..................................................................................................................................3
Monthly Export Statistics...................................................................................................................................9
VCOSA’s upcoming event.....................................................................................................12
Remarkable information .................................................................................................................................13
Domestic market.............................................................................................................................................. 13
Global market................................................................................................................................................... 13
An update on import performance.............................................................................................................13
Import price of raw cotton is still in a strong uptrend..................................................................................... 13
Import price of raw yarn continues to increase slightly................................................................................... 16
It is forecasted that the import price of raw fiber will decrease in the near future........................................ 19
Cotton Outlook Jun-2022 ................................................................................................................................21
Source ........................................................................................................................................23
Reference from Newspapers..............................................................................................24
Gujarat’s spinning units forced to shut thrice a week........................................................................24
90% consumers want cotton in more products: Cotton Inc survey............................................24
Drought risk in US may not let cotton prices ease in near future.................................................25
Brands face a lose-lose situation China’s Xinjiang cotton issue.....................................................25
Strong cotton prices could increase planting to record high of 15%..........................................26
Machines complete 80% of cotton picking in China's XUAR in 2021 .........................................27

Page | 1
Nguyen An Toan
Chairman of VCOSA

Page | 3
Report and Database
Cotton Fiber, Cotton Yarn, Cotton Fabric imports and exports are covered in monthly report.
Monthly Import Statistics
Items
5-2022
Compare last
month (%)
5 months 2022
Compare last
period (%)
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q’ty Value
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q’ty Value
Cotton 120.4 337.7 24.1 24.9 587.1 1,559.0 -20.1 19.9
Fiber & Yarn 102.3 257.6 22.4 15.3 460.6 1,161.7 -7.8 5.7
Fabric - 1,595.3 - 9.9 - 6,646.2 - 12.6
Accessories - 672.7 - -1.9 - 2,941.8 - 6.8
TOTAL - 2,863.3 - 12.1 - 12,308.6 - 11.3
In May 2022, Vietnam's cotton imports reached 120.4 thousand tons, worth 337.7 million USD,
24.1% increase in volume and 24.9% increase in value compared to the previous month, down
23.8% in volume but up 11.4% in value over the same period last year.
Fiber & yarn imported into Vietnam was 102.3 thousand tons, worth 257.6 million USD, up
22.4% in volume and 15.3% in value compared to the previous month; increased by 9.1% in
volume and 13.9% in value over the same period last year.

Page | 4
According to preliminary data in May 2022, cotton imports reached 120.4 thousand tons, up
24.1% over the previous month. Imported fiber and yarn was 102.3 thousand tons, up 22.4%
over the previous month.
158.0
145.5
140.5
133.6
159.3
125.6 128.2
109.6
127.7
118.6 122.3
97.0
120.4
93.8 92.9 91.0
70.7
60.6
73.2
94.6
111.2 93.4
80.6
100.7
83.6
102.3
00
20
40
60
80
100
120
140
160
180
May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22
1,000
MT
Vietnam Cotton, Fiber & Yarn Import
5 Months 2022 (1,000 MT)
Cotton Fiber & Yarn
0.0
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
1,600.0
1,800.0
Million
USD
Vietnam Import 5 Months 2022 (Mil. USD)
Cotton Fiber & Yarn Fabric Accessories

Page | 5
According to preliminary data in May 2022, cotton imports were about 120.4 thousand tons, up
24.1% over the previous month, down 23.8% over the same period last year.
According to preliminary data in May 2022, imported fiber and yarn reached 102.3 thousand
tons, up 22.4% over the previous month, up 9.1% over the same period last year.
112.2
74.6
117.9
103.2
93.8 92.9 91.0
70.7
60.6
73.2
94.6
111.2
93.4
80.6
100.7
83.6
102.3
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Vietnam Fiber & Yarn Import 5 Months 2022 (1,000 MT)
2021 2022
123.5
102.1
176.3 175.3
158.0
145.5
140.5
133.6
159.3
125.6 128.2
109.6
127.7
118.6 122.3
97.0
120.4
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Vietnam Cotton Import 5 Months 2022 (1,000 MT)
2021 2022

Page | 6
In 5 months of 2022, Vietnam imported cotton worth nearly 1.56 billion USD, up 19.9% over
the same period last year; import of fiber and yarn valued at 1.16 billion USD, up 5.7%; imported
fabrics of all kinds is 6.646 billion USD, up 12.6%; import of raw materials for textile, garment,
leather and footwear increased by 6.8% over the same period last year, worth 2.94 billion USD.
1,662.2
2,362.4
3,011.7
2,573.4
2,282.3
3,232.2
1,559.0
1,609.0
1,821.6
2,418.6
2,409.8
1,998.8
2,552.6
1,161.7
10,483.3
11,381.1
12,771.9
13,276.0
11,875.6
14,324.7
6,646.2
5,058.8
5,428.5
5,711.4
5,863.6
5,381.1
6,255.6
2,941.8
0.0
2,000.0
4,000.0
6,000.0
8,000.0
10,000.0
12,000.0
14,000.0
16,000.0
2016 2017 2018 2 0 1 9 2020 2021 2022
MILLION
USD
VIETNAM IMPORT FROM 2016 TO 2022
(MIL. USD)
Cotton Fiber & Yarn Fabric Accessories

Page | 7
As one of the pioneers of industrial real
estate with the ambition of developing a
green textile industrial park for
sustainable growth in the textile industry,
Aurora IP developed by Cat Tuong Real
Estate Group is attracting media attention
around the globe.
Most recently, global business and
financial information and news leader
Bloomberg has cited an article with the title “Aurora IP: Vietnam maintains the position of
leading textile and garment exporter.”
Not only Bloomberg, Market Insider, a stock market site by Business Insider with real-time data,
custom charts, and breaking news, also cited the article about Aurora IP with the ambition of
contributing to support Vietnam in maintaining its position as a leading textile and garment
exporter. In order to maintain the leading position, it is not only the efforts of textile enterprises
themselves but also the contributions of industrial real estate developers to the textile industry
such as Aurora IP.
It is no coincidence that the Aurora IP brand is bold in leading prestigious newspapers in the
region and in the world. The textile industry is one of the sectors that attract most foreign
capital as well as Vietnam is now the world’s second position in terms of textile and garment
export market share position, behind China.
Accordingly, prospects for the world’s textile and garment industry are expected to be brighter
in 2022 and Vietnam continues to maintain its position as a leading textile and garment
exporter in US and EU markets.
Meanwhile, Aurora IP is one of the very
few IPs in Vietnam that meets the legal
and utility infrastructure requirements
qualified to accommodate fabric-dyeing
establishments.
Well-designed with the largest capacity
of water supply and wastewater
treatment system for a single industrial
park in Vietnam, Aurora IP possesses
complete and synchronous
infrastructure to invest in building hi-
tech infrastructure plants, meeting the
strict requirements of the textile dyeing process.

Page | 8
In addition, with “the group’s humane - sustainable development strategy”, the industrial park
also ensures to create shared prosperity, improve the living standards of the local community
as well as a favorable working environment for experts and workers.
“We are very proud to be one of the pioneering real estate companies in the trend of green
textile dyeing, laying down the foundation and development of such a specialized green, clean,
sustainable industrial park, providing a favorable investment environment, meeting
international standards for foreign investors who are seeing Vietnam as an ideal investment
destination. I am very pleased as Aurora IP is receiving great attention from the media. This is
the driving force that motivates us to better play our role in the development of the textile
industry.” said Mr. Tran Quoc Viet - Chairman & CEO of Cat Tuong Group.
Website: https://auroraip.vn/
Email: info@auroraip.vn
Phone: +84 228 885 6886

Page | 9
Monthly Export Statistics
Items
5-2022
Compare last
month (%)
5 months 2022
Compare last
period (%)
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q’ty Value
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q'ty Value
Yarn 136.4 439.1 -6.7 -9.9 723.0 2,373.1 -11.3 10.0
Textile & Apparel
(include fabric)
- 3,170.7 - 0.6 - 14,999.8 - 22.2
- Fabric - 247.6 - 4.1 - 1,190.5 - 25.8
Accessories - 205.6 - -3.1 - 979.8 - 19.2
Technical Textile - 82.9 - 7.7 - 376.8 - 27.0
TOTAL - 3,898.4 - -1.2 - 18,729.5 - 19.6
In May 2022, Vietnam exported 136.4 thousand tons of yarn, worth 439.1 million USD, down
6.7% in volume and 9.9% in value compared to the previous month; down 18.3% in volume and
7.2% in value over the same period last year.
Yarn exports in May 2022 were valued at 439.1 million USD, down 9.9% over the previous
month; fabric exports were valued at 247.6 million USD, up 4.1%; accessories with a value of
205.6 million USD, down 3.1%; technical textile exports increased by 7.7%, valued at 82.9
million USD.
0.0
100.0
200.0
300.0
400.0
500.0
600.0
Million
USD
Vietnam Export 5 Months 2022 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 10
In 5 months of 2022, Vietnam's yarn exports were valued at 2.37 billion USD, up 10% over the
same period last year; fabric exports were worth 1.19 billion USD, up 25.8%; accessories with
a value of 979.8 million USD, up 19.2%; technical textile exports increased by 27%, worth 376.8
million USD.
Textile and apparel exports in May 2022 reached 3.17 billion USD, up 0.6% over the previous
month.
2,573.8
3,064.6 3,118.8
2,654.6
2,277.4
2,643.9
3,044.6
3,615.2 3,571.3
2,057.8
3,052.6 3,152.1 3,170.7
M A Y - 2 1 J U N - 2 1 J U L - 2 1 A U G - 2 1 S E P - 2 1 O C T - 2 1 N O V - 2 1 D E C - 2 1 J A N - 2 2 F E B - 2 2 M A R - 2 2 A P R - 2 2 M A Y - 2 2
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
5 MONTHS 2022 (MIL. USD)
2,929.5
3,593.3
4,024.9
4,177.1
3,736.6
5,612.3
2,373.1
1,078.4
1,324.8
1,759.4
2,127.0
1,943.4
2,553.1
1,190.5
1,495.2
1,710.6
1,902.1
2,014.6
1,687.5
1,994.8
979.8
415.3
457.9
529.7
588.9
456.0
784.7
376.8
0.0
1,000.0
2,000.0
3,000.0
4,000.0
5,000.0
6,000.0
2016 2017 2018 2019 2020 2021 2022
Vietnam Export from 2016 to 2022 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 11
Vietnam's yarn export in May 2022 reached 136.4 thousand tons, worth 439.1 million USD,
down 6.7% in volume and down 9.9% in value compared to the previous month.
According to preliminary data in May 2022, textile and apparel exports reached 3.17 billion
USD, up 0.6% month on month, up 23.2% over the same period last year.
167.1 171.8 175.6
156.3 144.9 148.0 157.3
123.9
144.2 132.4
164.3
146.2 136.4
473.1 489.3
517.9
481.1
453.4 468.1
512.3
534.9
473.7
444.0
531.9
487.1
439.1
0
100
200
300
400
500
600
Vietnam yarn export 5 months 2022
Qty (1,000 MT) Value (Mil. USD)
2,660.8
1,820.8
2,723.9
2,458.8
2,573.8
3,064.6
3,118.8
2,654.6
2,277.4
2,643.9
3,044.6
3,615.2
3,571.3
2,057.8
3,052.6
3,152.1
3,170.7
JA N F E B MA R A P R MA Y JUN JUL A UG S E P OC T NOV DE C
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
5 MONTHS 2022 (MIL. USD)
2021 2022

Page | 12
VCOSA’s upcoming event
SUMMIT HIGHLIGHT:
❖ Policy Analysis for Vietnam Textile and Apparel Industry and Outlook for 2040
❖ Value Chain Impacts for Textiles Consumption in the EU and Related Policies
❖ Trade & Tax: The Trend of Vietnam Textile and Apparel Industry Under the Impact of
USA & China
❖ Road to Recovery: Post Pandemic Business Outlook in Vietnam
❖ Challenges and Opportunities for Global Supply Chain and How It’s Going to Affect
Vietnam Textile and Apparel Industry
❖ Under the Background of Industrial 4.0, Will Digital Transformation Help Vietnam
Recover from Covid 19 and Grow Faster
❖ Integrating Value Chain Approaches to Determining
❖ BAT (Best Available Techniques) for Industrial Installations
❖ Speed to Market: How to Do it More with Less and Do it Faster
❖ Panel Discussion: Under the New Global Trade Environment, How Will Manufactures and
Brands Work Together to Build a More Resilience Supply Chain
❖ Big Data Analytics for Manufacturing
❖ Post Covid Sourcing Strategy: What Should We Prepare for Sourcing in Vietnam and SEA
❖ Development of Eco-friendly Materials and Technologies to Adapt to Global Sustainable
Fashion Trends
❖ Rethinking Business Models for the Fashion Industry: Environmental and Value Chain
❖ Plastic Waste is Growing: Economic Drivers, Environmental Impacts and Policy Options
❖ Case Study: Carbon Footprint Assessment for Vietnam Textile and Apparel Industry
❖ Population and Labor Force: How Vietnam Manufactures Strengthen Their Competition
❖ Sustainable Chemistry in Textile Processing — the Need of Hour in Vietnam
❖ Panel Discussion: Past and Future - What’s the difference Between Vietnam and Other
Asian Countries
For registration: please click https://bit.ly/3LIiX5a

Page | 13
Remarkable information
Domestic market
o Import price of raw cotton is still in a strong uptrend
o It is forecasted that the import price of raw fiber will decrease in the near future
o Import price of raw yarn continues to increase slightly
Global market
o Gujarat’s spinning units forced to shut thrice a week
o 90% consumers want cotton in more products: Cotton Inc survey
o Drought risk in US may not let cotton prices ease in near future
o Brands face a lose-lose situation China’s Xinjiang cotton issue
o Strong cotton prices could increase planting to record high of 15%
o Machines complete 80% of cotton picking in China's XUAR in 2021
An update on import performance
Import price of raw cotton is still in a strong uptrend
According to statistics of the General Department of Customs, cotton imports to Vietnam in
April 2022 reached 97.02 thousand tons, worth 270.47 million USD, down 20.6% in volume and
18% in value compared to March 2022; down 44.7% in volume and 69.6% in value compared
to April 2021.
In the first four months of 2022, cotton imports to Vietnam reached 466.17 thousand tons,
worth 1,219 billion USD, down 19.2% in volume but up 22.3% in value over the same period in
2021.
Vietnam’s import cottons in 2021-2022 (thousand tons)

Page | 14
In the first 4 months of 2022, there are 10 markets supplying raw cotton to Vietnam, stable
compared to the same period in 2021. In which, Vietnam's raw cotton imports from some main
markets decreased sharply compared to the same period in 2021. with the same period in 2021
as the US, Brazil... Specifically:
Cotton imports from the US market accounted for the largest proportion in the first 4 months
of 2022, reaching 135 thousand tons, worth 394 million USD, down 39.4% in volume and 0.9%
in value over the same period in 2021, accounting for 25.2% of total cotton imports. Particularly
in April 2022, cotton imports from this market reached 42.49 thousand tons, worth 122 million
USD, down 45.8% in volume and 15.6% in value compared to April 2021.
Cotton imports from the Brazilian market decreased by 27.9% in volume but increased by 7.2%
in value compared to the first 4 months of 2021, reaching 128 thousand tons, worth 331 million
USD. Particularly in April 2022, cotton imports from this market reached 29.6 thousand tons,
worth 83.8 million USD, down 15.1% in volume and 9.4% in value compared to March. 2022.
In addition, cotton imports from some other markets increased sharply in the first 4 months of
2022 compared to the same period in 2021 such as imports from Australia up 152% in volume;
Argentina increased by 380% in volume.
Vietnam's import cottons in April 2022
Exporter
Apr-2022 Compared to
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022 Compared
to 4M2021
(%)
Qty
(ton)
Value
(1,000 USD)
Qty Value Qty Value Qty
(ton)
Value
(1,000 USD)
Qty Value
Total 97,021 270,467 -20.6 -18.0 -44.8 -15.3 466,176 1,219,726 -19.2 22.3
USA 42,491 122,414 -9.1 -12.0 -45.8 -15.6 135,887 394,230 -39.4 -0.9
Brazil 29,649 83,858 -15.1 -9.4 -34.3 0.8 128,891 331,876 -27.9 7.2
India 7,080 14,770 -43.4 -45.8 -76.2 -70.6 72,380 167,019 -12.5 27.5
Australia 1,856 5,674 -72.3 -66.4 -63.9 -42.3 45,634 117,576 152.3 229.6
Argentina 3,289 8,839 -56.9 -55.6 521.7 780.3 27,649 72,130 380.1 672.0
Ivory Coast 2,872 7,640 -12.5 -10.4 -11.1 20.6 12,920 31,044 -1.0 36.6
Indonesia 251 299 -9.7 -25.1 -57.8 -60.1 2,594 3,498 -38.5 -36.3
Korea 193 406 -28.3 -5.0 -56.6 -36.8 1,089 1,836 22.5 20.1
Pakistan 24 39 -92.2 -91.6 -64.7 -62.3 691 991 20.6 14.9
China 121 238 30.1 5.3 178 334 60.4 25.0
About price: The price of cotton imported into Vietnam in April 2022 was at $2,788/ton, an
increase of $89/ton compared to March 2022 and an increase of $970/ton compared to April
2021, an increase of 3.3% over the same month March 2022 and increase 53.3% compared to
April 2021. In the first four months of 2022, the price of cotton imported to Vietnam averaged
$2,616/ton, up 51.4% over the same period in 2021.

Page | 15
The average import price of cotton in 2021-2022 (USD/ton)
The average price of imported cotton in April 2022 increased most from markets compared to
April 2021, in which, the price of raw cotton imported from Indonesia reached the lowest level
of 1,192 USD/ton; followed by from India reached 2,086 USD/ton and the price of cotton
imported from Australia market reached the highest level at 3,057 USD/ton.
In the first 4 months of 2022, the price of cotton imported into Vietnam continued to increase
sharply due to the continuous increase in transportation costs, so manufacturing enterprises
were forced to rent warehouses to store goods, resulting in additional costs. Many businesses
are waiting for stable freight rates to place orders. On the other hand, domestic gasoline prices
are also continuously increasing, causing transportation costs to increase accordingly.
The cost of transporting imports from Europe and the US increased more than 10 times
compared to the time before the Covid-19 epidemic, but the price of goods increased only
slightly.
Besides, the phenomenon of port jams in important regions such as China, the US, and Europe
continues and tends to last. China still applies the "Zero COVID" policy, so major ports can still
be blocked at any time. This makes international freight rates continue to be unstable until the
end of 2023. Therefore, businesses need to keep abreast of developments to proactively source
raw materials when import prices are adjusted.
Import price of cotton in April 2022
Exporter
Apr-2022
(USD/ton)
Compared to
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022
(USD/ton)
Compared to
4M2021 (%)
Total 2,788 3.3 53.3 2,616 51.4
USA 2,881 -3.2 55.8 2,901 63.5
Brazil 2,828 6.8 53.5 2,575 48.6
India 2,086 -4.1 23.8 2,308 45.7
Australia 3,057 21.4 59.9 2,577 30.6
Argentina 2,687 3.1 41.6 2,609 60.8
Ivory Coast 2,660 2.5 35.6 2,403 38.0
Indonesia 1,192 -17.0 -5.5 1,349 3.6

Page | 16
Exporter
Apr-2022
(USD/ton)
Compared to
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022
(USD/ton)
Compared to
4M2021 (%)
Korea 2,103 32.3 45.7 1,686 -2.0
Pakistan 1,606 7.9 6.8 1,434 -4.7
China 1,968 -19.1 1,875 -22.0
Import price of raw yarn continues to increase slightly
According to statistics of the General Department of Customs, import of raw yarn in April 2022
reached 58.09 thousand tons, worth 182.87 million USD, down 10.9% in volume and 7.1% in
value compared to March 2022, down 15.7% in volume and 4.9% in value compared to April
2021.
Generally, in the first 4 months of 2022, the import of raw yarn into Vietnam reached 242.47
thousand tons, worth 739.38 million USD, down 10.9% in volume but up 6.8% in value over the
same period 2021.
Vietnam's import yarn in 2021-2022 (thousand ton)
China is the largest supplier of yarn to Vietnam in April 2022, with imports reaching 36.41
thousand tons, worth US$105.95 million, down 13.4% in volume and down 7.2% in value
compared to March 2022; down 5% in volume but up 4.9% in value compared to April 2021.
Generally, in the first 4 months of 2022, the import of raw yarn from China to Vietnam reached
150.59 thousand tons, worth $421.58 million, accounting for 62.1% of the total import volume,
down 3.4% in volume but increased by 16.8% in value compared to the first 4 months of 2021.
In April 2022, the import of yarn from Taiwan market reached 8.7 thousand tons, worth 23.5
million USD, down 1.6% in volume and 7.2% in value compared to March. 2022; down 20.7%
and 8.7% in value compared to April 2021. Generally, in the first 4 months of 2022, imports of
this item from Taiwan market reached 33.61 thousand tons, worth US$92.52 million,
accounting for 13.9% of Vietnam's total import of raw yarn, a decrease 16.4% in volume and
4.5% in value compared to the first 4 months of 2021.
In general, in the first 4 months of 2022, imports of yarn from main markets into Vietnam mostly
decreased, except for imports from Thailand, which increased by 42.7% in volume.

Page | 17
Notably, the amount of imported raw yarn from some markets increased sharply in the first 4
months of 2022 such as Brazil.
Vietnam's import yarn in Apr 2022
Exporter
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022 Compared to
4M2021
(%)
Qty
(ton)
Value
(1,000 USD)
(ton)
Value
(1,000 USD)
Qty Value
Total 58,088 182,868 -10.9 -7.0 -15.8 -5.0 242,466 739,380 -10.9 6.6
China 36,405 105,956 -13.4 -7.2 -5.0 4.9 150,594 421,584 -3.4 16.8
Taiwan 8,758 23,508 -1.6 -7.2 -20.7 -8.7 33,618 92,525 -16.4 -4.5
India 2,697 8,469 -46.0 -49.7 -53.9 -50.5 16,669 55,257 -33.5 -14.8
Korea 3,223 12,155 37.0 35.5 -29.3 -29.3 10,075 38,138 -37.9 -27.3
Indonesia 1,834 6,357 -28.3 -23.9 -52.4 -32.3 9,105 31,694 -26.4 1.7
Hong Kong 1,431 9,636 151.4 121.9 45.9 74.5 3,169 23,230 -33.4 -0.9
Thailand 1,334 4,966 17.6 19.4 1.9 24.1 5,679 20,314 42.7 59.3
Japan 242 2,404 1.9 -19.4 -23.7 -19.5 934 9,009 -32.5 -33.0
Malaysia 755 2,152 -16.9 12.2 16.9 119.5 3,702 8,811 10.0 97.3
Singapore 206 1,243 -15.3 -35.2 -16.4 -23.4 836 6,524 -15.1 2.4
Brazil - -100.0 -100.0 -100.0 -100.0 1,757 5,052 3,129.3 4,843.0
Turkey 50 281 145.6 117.5 -17.8 -10.9 844 4,590 83.3 220.5
Italy 39 911 -35.3 -40.2 -89.9 -19.4 199 3,365 -56.2 93.5
USA 165 737 179.6 -33.4 105.2 -3.8 667 3,297 7.8 -8.2
Bangladesh 260 340 -50.2 -42.6 97.5 320.1 1,724 2,127 46.0 53.5
Macau 99 1,364 112.5 101.1 191.2 187.2 170 2,116 -5.3 0.1
Vietnam - -100.0 -100.0 312 2,042 -60.4 -55.5
Australia 0 6 -95.3 -82.9 596 1,828 8,173.7 4,370.4
Pakistan 93 491 -15.7 -27.5 -38.3 2.3 331 1,710 -60.2 -40.6
Netherlands 0 13 -97.0 -98.2 42 1,153 13.7 -3.3
Sri Lanka 48 416 150.0 65.4 168.7 222.7 89 950 -52.3 -15.0
Ivory Coast - 304 868
Switzerland 219 293 77.8 21.5 -66.6 -46.5 343 569 -78.2 -63.8
Israel 29 312 45 508 65,676.8 61,746.7
Germany 66 338 213.0 219.4 60,395.2 5,517.0 87 444 -34.5 -21.0
France - -100.0 21 334 4.7 -62.0
Argentina - 121 303
Samoa 54 183 -14.7 -51.6 54 183 -56.4 -75.4
Andora 52 41 208 168
Anguilla 19 142 2,481.1 4,110.2 476.5 966.0 20 145 162.4 345.5
UK 1 10 -96.2 -91.7 43.2 59.8 40 128 -60.3 -54.0
In terms of price: Import price of raw yarn in April 2022 was at 3,148 USD/ton, up 131
USD/ton compared to March 2022 but increased by 663 USD/ton compared to the same period

Page | 18
in April 2021. Generally, in the first 4 months of 2022, the price of imported yarn to Vietnam
reached an average of 3,049 USD/ton, up 19.7% over the same period in 2021.
Import price of yarn 2021-2022 (USD/ton)
In April 2022, the lowest price of raw yarn imported from Taiwan reached 2,684 USD/ton;
followed by from Malaysia at US$2,850/ton and the highest import price from Hong Kong was
at US$6,735/ton.
The world spinning industry after two years of the Covid-19 epidemic did not meet the global
market demand. Specifically, India's spinning industry is prioritized by the Government of this
country to meet the needs of the domestic textile industry if the surplus can be exported. India
is the world's largest producer of cotton yarn, with Bangladesh, Vietnam and China being the
biggest customers.
Given the situation of the Covid-19 epidemic and the Russia-Ukraine conflict and the sharp
increase in freight rates affecting the import of Vietnam's raw yarn, it is forecasted that yarn
prices will remain high in the near future but will adjust in the second half of 2022.
Import price of yarn in Apr 2022
Exporter
Apr-2022
(USD/ton)
Compared to
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022
(USD/ton)
Compared to
4M2021 (%)
Total 3,148 4.4 12.8 3,049 19.7
China 2,910 7.2 10.4 2,799 20.9
Taiwan 2,684 -5.7 15.1 2,752 14.2
India 3,141 -7.0 7.4 3,315 28.1
Korea 3,771 -1.1 -0.1 3,786 17.0
Indonesia 3,466 6.2 42.3 3,481 38.3
Hong Kong 6,735 -11.7 19.5 7,329 48.9
Thailand 3,722 1.5 21.9 3,577 11.7
Japan 9,927 -20.9 5.4 9,645 -0.7
Malaysia 2,850 35.1 87.8 2,380 79.3
Singapore 6,037 -23.5 -8.4 7,807 20.6
Brazil 2,876 53.1
Turkey 5,555 -11.4 8.4 5,439 74.9

Page | 19
Exporter
Apr-2022
(USD/ton)
Compared to
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022
(USD/ton)
Compared to
4M2021 (%)
Italy 23,574 -7.5 696.5 16,907 342.2
USA 4,477 -76.2 -53.1 4,940 -14.9
Bangladesh 1,309 15.2 112.6 1,234 5.2
Macau 13,708 -5.4 -1.4 12,447 5.7
It is forecasted that the import price of raw fiber will decrease in the near future
According to statistics from the General Department of Customs, Vietnam's imported raw fiber
volume in April 2022 reached 28.25 thousand tons, worth 40.59 million USD, down 22% in
volume but up 38.5% in value compared to March 2022; down 18.5% in volume and 25.3% in
value compared to April 2021. Generally, in the first 4 months of 2022, the import of raw fiber
reached 125 thousand tons, worth $172 million, down 17.8% in volume and 9% in value over
the same period in 2021.
The high price of raw fiber caused the import of this group of products to Vietnam to decrease
significantly in the first months of 2022.
Vietnam's import fiber in 2021-2022 (thousand ton)
In the first 4 months of 2022, Vietnam imported raw fiber from 27 markets, an increase of 5
markets compared to the same period in 2021, in which, China is the largest supplier of raw
fiber to the Vietnamese market with an import volume of 54.58 thousand tons, worth USD 69.86
million, accounting for 43.6% of the total import volume, down 16.5% in volume and 4.5% in
value compared to 4 months the beginning of 2021. In April 2021 alone, the amount of fiber
materials imported from the Chinese market reached 12.65 thousand tons, worth 16.62 million
USD, down 23.1% in volume and 19.8% down in value compared to March 2022; down 18.5%
in volume and 15.2% in value compared to April 2021.
Import of raw fiber from Taiwan market reached 5.19 thousand tons, worth 7.07 million USD,
down 1.2% in volume and 2% in value compared to March 2022; down 11% and down 1.8% in
value compared to April 2021. Generally, in the first 4 months of 2022, the import of raw fiber
from this market reached 18.01 thousand tons, worth 24.01 million USD, accounting for 14.4%

Page | 20
of the total import volume of Vietnam's raw fiber, down 28. 2% in volume and down 11.7% in
value compared to the first 4 months of 2021.
In general, in the first 4 months of 2022, imports of raw fiber from key markets into Vietnam
decreased compared to the same period in 2021, except for imports from the Indonesian
market, which increased by 3.7% in volume.
Vietnam's import fiber in April 2022
Exporter
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022 Compared to
4M2021
(%)
Qty
(ton)
Value
(1,000 USD)
(ton)
Value
(1,000
USD)
Qty Value
Total 28,245 40,586 -22.0 -18.0 -27.5 -25.3 125,157 172,007 -17.7 -9.2
China 12,651 16,626 -23.1 -19.8 -18.5 -15.2 54,582 69,861 -16.5 -4.5
Taiwan 5,199 7,077 -1.2 -2.0 -11.0 -1.8 18,017 24,012 -28.2 -11.7
Korea 3,763 6,504 -7.2 5.0 -13.6 -2.4 13,565 22,929 -8.5 1.7
Thailand 1,999 2,868 -46.6 -43.2 -41.9 -35.4 12,834 17,577 -15.0 -3.5
Indonesia 1,566 2,074 -58.9 -60.6 -59.4 -66.3 12,028 15,174 3.7 5.5
India 1,216 1,420 75.1 94.4 -49.3 -56.1 6,295 7,021 -1.4 -11.8
Singapore 325 976 -26.8 -22.8 -57.6 -42.8 1,356 3,427 7.0 17.5
Greece 336 1,138 168.3 183.0 -47.3 -35.1 878 2,855 -72.9 -64.7
Malaysia 347 467 13.6 38.1 3.5 17.9 1,198 1,493 -17.0 -12.8
Japan 149 294 -0.4 -19.7 -35.1 -59.9 574 1,342 -44.8 -41.1
Cambodia 365 345 -7.1 -4.3 21.6 43.1 1,366 1,247 163.7 210.2
USA 101 272 950.4 48.4 7,835.8 21,154.6 313 958 -68.1 -58.7
Pakistan 24 39 -90.7 -90.1 -50.1 -41.2 571 817 134.5 149.9
Bangladesh 135 121 -40.2 -42.6 194.9 194.9 631 576 249.2 254.4
Netherlands 10 159 0.0 268.7 254.9 214.9 41 531 350.0 314.7
About price: In April 2022, the price of imported fiber to Vietnam averaged $1,437/ton, up 5.1%
compared to March 2022 and 3.1% higher than April 2021. In which, the lowest price of fiber
imported from India reached 1,167 USD/ton; followed by from China reached 1,314 USD/ton.
The highest import price is from Greece at 3,387 USD/ton.
Import price of fiber 2021-2022 (USD/ton)

Page | 21
Facing the current fluctuations of international commodity prices, the textile and garment
market is facing many difficulties when import prices increase sharply. Most of the textile
companies are not willing to import input materials at high prices, so the import volume
decreases.
In addition, some factories supplying fiber in Pakistan have chosen to close or extend the
holiday.
Currently, the production and business situation of most textile and garment enterprises in
Southeast Asia continues to weaken, the consumer confidence index in the consumption market
has decreased significantly, of which the index Consumer confidence in the eurozone fell to 22
in April 2022, the lowest level in the past two years. All of the above factors are expected to
reduce fiber prices in the international market in the coming time.
Import price of fiber in Apr 2022
Exporter
Apr-2022
(USD/ton)
Compared to
Mar-2022
(%)
Compared to
Apr-2021
(%)
4M2022
(USD/ton)
Compared to
4M2021 (%)
Toral 1,437 5.1 3.1 1,374 10.2
China 1,314 4.3 4.0 1,280 14.4
Taiwan 1,361 -0.8 10.3 1,333 22.9
Korea 1,729 13.2 13.0 1,690 11.2
Thailand 1,435 6.4 11.2 1,370 13.6
Indonesia 1,325 -4.2 -17.0 1,262 1.7
India 1,167 11.0 -13.3 1,115 -10.5
Singapore 3,003 5.4 34.8 2,527 9.8
Greece 3,387 5.5 23.1 3,252 29.9
Malaysia 1,348 21.6 14.0 1,246 5.1
Japan 1,968 -19.4 -38.3 2,338 6.7
Cambodia 943 3.0 17.7 913 17.6
USA 2,678 -85.9 167.8 3,057 29.3
Pakistan 1,590 6.3 17.8 1,430 6.6
Bangladesh 900 -4.0 0.0 914 1.5
Netherlands 16,468 268.6 -11.3 12,868 -7.8
Cotton Outlook Jun-2022
The July NY/ICE futures contract is nearing expiration. Unless there are significant moves in the
next few weeks, there will be a 20 cent/lb decrease in effective Nearby futures when July moves
off the board (October is not commonly traded and is generally ignored). Since the December
contract is the first to expire after a harvest, it reflects price expectations in a new crop year.
Given variability in the weather and the potential for changes in economic conditions, there is
always a degree of uncertainty when looking ahead. However, the outlook for 2022/23 is
exceptional given the amount of uncertainty from both the supply and demand sides of the
market.

Page | 22
From the supply side, it already looks like the U.S. will face a difficult growing season. The West
Texas region has been in drought since last year, and while some rain has passed through in
recent weeks, it remains dry and there are concerns about abandonment. The last time West
Texas suffered widespread abandonment was in 2020/21, when more than half of the acreage
planted in the entire state of Texas was not harvested. Nationally, that pulled U.S. production
down to only 14.6 million bales.
The U.S. has exported more than 15 million bales in each of the last five crop years. This includes
2019/20, which covered initial COVID lockdowns, and 2020/21, when the harvest was affected
by the drought in Texas. On top of exports, U.S. demand includes about 2.5 million bales of
domestic mill-use. The only way the U.S. could meet demand in 2020/21 (14.6 million bale crop,
16.4 million bales of exports and 2.6 million bales spun) was through the delivery of
warehoused supply that accumulated with the large harvest in 2019/20. U.S. stocks are low
going into 2022/23 and cannot be leveraged similarly in the upcoming crop year.
Record prices in India this crop year may give rise to record Indian acreage in 2022/23. The
Indian monsoon season has just begun, and it remains to be seen what the weather and
potential pest issues might imply for Indian yields and production. Globally, yields could be
affected by extraordinarily high input costs. It is unknown what any decreases in applications
could mean for output, but reduced treatments could be expected given their cost. This issue is
not unique to cotton and could be a factor supporting agricultural prices generally. The war in
Europe has contributed to the rise in input costs and reduced the availability of crops like wheat
and corn. These crops can compete with cotton for acreage and may lend some support to
cotton prices.
All of the above concerns could maintain a floor somewhere underneath the cotton market.
Meanwhile, worsening macroeconomic conditions have likely lowered the ceiling above prices.
Inflation is a global issue. With necessities like energy and food costing significantly more, there
is less income to devote to clothing and home furnishings. In addition, the monetary policies
needed to combat inflation can slow economic growth and can compound the adverse effects of
inflation. For the U.S., eight of the past nine periods of rising interest rates were followed by
recessions. In five of the last seven U.S. recessions, there were decreases in cotton prices. Supply
concerns can support the market, but with cotton prices high by historical standards, a drop in
values could be more likely to accompany a potential recession.
A possible signal could be coming from China, which plays an important role in global demand.
Chinese prices are nearly always higher than the A Index, but the CC Index fell below the global
price in late April. It is currently 14 cents/lb lower. The last time the CC Index fell below the A
Index was around the peak of the 2010/11 spike.

Page | 23
Source
All data are accurate, relevant and verified from sources: the Ministry of Industry and Trade,
General Department of Vietnam Customs, General Statistics Office of Vietnam, International Trade
Center, Cotton Incorporated and other reliable sources.
This text provides general information. VCOSA assumes no liability for the information given being
complete or correct. Due to varying update cycles, statistics can display more up-to-date data than
referenced in the text.
6.0
6.0 3.6
2.6
2.9
1.3
0.9
1.2
0.7
0.3
0.3 0.3 0.3
8.3
5.6
0.5
1.9
0.7
2.4
1.9
1.9 1.6
0.6
0.5
0.4 0.2
0.9
3.2
1.5
2.1
0.1
1.2
0.3 0.3 0.3
0.2
0.2
2.3
0.4
1.1
1.1
1.1
1.9 1.6
0.5
0.2
0.1
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Million
metric
tons
World Cotton Market Outlook 2022/2023
Update forecast for Jun 2022
Production Consumption Exports Imports

Page | 24
Reference from Newspapers
Gujarat’s spinning units forced to shut thrice a week
Times of India
Jun 21, 2022
With cotton prices reaching Rs 1.1 lakh per candy (365kg), spinning units are reeling from
unprecedented cost pressures.
According to estimates released by Spinners Association of Gujarat (SAG), most manufacturers
of cotton yarn are forced to shut for at least three days a week due to reduced demand and
increase in the prices of yarn.
“With cotton prices going up, the cost of production for cotton yarn has gone up significantly,”
said Saurin Parikh, president, SAG. “However, we are unable to pass on the costs to clients as it
is becoming unviable for them to absorb the costs in their manufacturing.” He added: “As a
result, the demand has taken a hit. Our order volumes have declined by at least 40-50% because
of which the manufacturing capacities are also underutilized.” The high prices of cotton have
affected the entire textile value chain.
Industry players said that Indian cotton prices are the highest currently vis-à-vis the prices in
other countries and as a result cotton yarn is increasingly being imported from Vietnam to meet
the domestic manufacturing needs.
“Locally, cotton availability is also an issue and whatever is available comes at a very high price
because of which units are operating at lower capacities,” said Ripple Patel, a yarn manufacturer
from Rajkot and vice-president, SAG. Patel added: “Spinning units typically stayed shut for three
days a year. However, with less work, we are keeping the units afloat with a four-day week. If
we shut completely, we will lose labourers and finding skilled workforce is a challenge.”
Industry sources said that some mills have completely halted production. With the prices of
cotton going up, spinners are incurring losses to the tune of Rs 35-40 per kg depending on the
count produced.
Spinners have urged the Union government to abolish the import duty levied on cotton instead
of giving only temporary waivers.
90% consumers want cotton in more products: Cotton Inc survey
F2F
May 11, 2022
Comfort, durability, versatility, environmental-friendliness are some of the benefits that come
to consumers’ minds when thinking about cotton, according to Cotton Incorporated’s latest
Supply Chain Insight – All About Cotton – that offers insights on consumers’ perceptions of

Page | 25
cotton and clothing made of cotton. Close to 90 per cent of the consumers wish cotton were in
more products.
Consumers choose cotton and cotton blends as 67 per cent said that it is best suited for today’s
fashion and close to 74 per cent of the surveyed consumers said it was their favorite fibre. About
96 per cent of the consumers said that cotton feels safe, according to the survey.
When asked to describe the products made with cotton, 83 per cent said they were comfortable,
76 per cent said they were functional and work well, 72 per cent said they are of high quality
and 71 per cent described cotton products as durable and long-lasting.
The most favored products made of cotton according to the survey are T-shirts (86 per cent),
bed sheets (82 per cent), socks (82 per cent), dress shirts (63 per cent) and children’s clothes
(63 per cent).
Drought risk in US may not let cotton prices ease in near future
F2F
Jun 14, 2022
Textile sector globally is eagerly waiting for sign of easing in cotton prices, but they are not
likely to take a big dip in the near future, as that 51 per cent US cotton crop is under risk of
dryness and draught, according to the US department of Agriculture (USDA). Cotlook A Index is
also not indicating an ease at least till August 2022.
According to latest report of USDA, cotton production in the US may reduce in the coming
season 2022-23 (August-July) to 35.92 lakh MT from 38.15 lakh MT of 2021-22. The production
was 31.81 lakh MT in 2020-21. Since ICE cotton takes strong cues from the US production
scenario, it may not ease in the near future.
As per the USDA report, cotton production may increase in India, China, Brazil and Pakistan in
2022-23 season. Global production is projected to increase to 264.03 lakh MT in next season
from 254.61 lakh MT of 2021-22.
According to Fibre2Fashion’s market insight tool TexPro, Cotlook A- Index (USASMP) will
remain as high as $1.552 per pound in August 2022 when new season will begin for US cotton.
It will increase slightly from the projected level of $1.551 per pound of July 2022. Cotlook index
peaked at $1.635 per pound in May 2022 but the average price is projected at $1.564 per pound
for June 2022.
Brands face a lose-lose situation China’s Xinjiang cotton issue
Fashionating World
Jun 13, 2022

Page | 26
Brands face a tough situation while taking a stand on the Xinjiang issue. If they decide to
continue sourcing from the region, they face ban and other legal actions from the West and if
they leave, they have to deal with large commercial losses. Either way it’s a catch 22 situation
for them.
Brands fear losses on speaking up
Brands also risk losing trusted partners if they stop sourcing from Xinjiang. Besides finding new
partners, they are also forced to deal with increased costs of sourcing and shipping the material.
Also, they are prohibited from speaking against Xinjiang, lest they anger nationalistic Chinese
consumers. Inviting Chinese consumers wrath can result in sale loss worth hundreds of mills of
dollars for companies like H&M and Nike.
Hence, brands prefer avoiding voicing concerns on Xinjiang though they may take certain steps
to curb forced labor. Most fear, protests might disrupt their Chinese operations and delay
shipments to the country. Scott Nova, Executive Director, Worker Rights Consortium and
Steering Committee Member, Coalition to End Forced Labor in the Uyghur Region confirms,
some brands have informally committed to leave China but have requested him secrecy on the
information.
Small companies more forthcoming
Smaller, privately-owned companies are more straightforward about leaving China than bigger
retailers that have amassed a large portfolio of consumers in the country. Fast fashion
companies like H&M and luxury brands like Burberry are being compelled to decide between
staying back in China or quitting it completely.
Global clothing brands like Patagonia are currently not able to determine the use of forced labor
in Xinjiang due to lack of access to the region. They can only monitor their factories through
video visits else they are harassed by local monitoring staff.
Strong cotton prices could increase planting to record high of 15%
Business Standard
Jun 3, 2022
Cotton planting in India, the world's biggest producer of the fibre, could jump as much as 15%
in 2022 to an all-time high, as strong prices prompt farmers to switch away from other crops,
an industry association said.
Higher output could help cool the rally in global and local cotton prices, which is hurting Asian
apparel makers.
Area planted to cotton in India could rise as much as 15% from last year because the crop is
providing far better returns than alternatives, said Atul Ganatra, president of the Cotton
Association of India.

Page | 27
Local prices have more than doubled over the past year, because heavy rainfall during
harvesting slashed 2021's crop to the lowest level in a decade.
A 15% rise in India's cotton crop area would lift it to around 13.8 million hectares in 2022 from
12 million hectares last year.
The association expects the largest expansions in cotton area to be in the western states of
Gujarat and Maharashtra, which together account for nearly half of the country's production.
Most Indian farmers begin planting cotton at the onset of monsoon rains in June, although some
with irrigated fields start as early as May.
Machines complete 80% of cotton picking in China's XUAR in 2021
F2F
Jun 22, 2022
Machinery cotton pickers replaced manual labor to complete four-fifths of cotton picking in the
harvest season in 2021 in northwest China's Xinjiang Uygur Autonomous Region (XUAR), the
country's largest cotton-producing region, according to data from the Regional Agricultural
Mechanisation Development Centre.
According to the centre, more than 6,300 machinery cotton pickers are in service in Xinjiang.
This year, Xinjiang's cotton growing area is about 37 million mu (about 2.46 million hectares).
With the comprehensive use of modern agricultural machinery such as cotton pickers, the
region's cotton farming has bid farewell to the intensive use of manual labor, official Chinese
media reported citing the centre.
Cotton output in Xinjiang topped 5.1 million tons in 2021, accounting for about 90 per cent of
the country's total and maintaining its first rank in China for over two decades.

VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 06/2022 ISSUE

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