VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 04/2022 ISSUE

www.vcosa.org.vn
MONTHLY REPORT
MONTHLY REPORT
Cotton And Yarn Statistic
Cotton And Yarn Statistic
April
2022
Vietnam Cotton and Spinning Association
Collected & Edited by: Information & Communication Dept. ---For internal circulation only---

VIETNAM COTTON AND SPINNING ASSOCIATION_______________________APR 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, April 26th, 2022
MONTHLY REPORT April 2022
Contents
Report and Database ...............................................................................................................3
Monthly Import Statistics ..................................................................................................................................3
Monthly Export Statistics...................................................................................................................................7
Remarkable information .................................................................................................................................10
Domestic market.............................................................................................................................................. 10
Global market................................................................................................................................................... 10
An update on export performance..............................................................................................................10
The average export price of Vietnam's fibers and yarns in February 2022 reached US$3,354.3/ton, up 2.11%
compared to January 2022 and 34.6% higher than February 2021. ...................................................................... 10
An update on import performance.............................................................................................................13
Import prices of cotton continued to increase ................................................................................................ 13
Import price of yarn decreased slightly............................................................................................................ 16
Cotton Outlook 4-2022.....................................................................................................................................19
Source ........................................................................................................................................21
Reference from Newspapers..............................................................................................22
Govt exempts all customs duties on cotton imports till 30 Sept...................................................22
Xinjiang plans to plant 5,333 hectares of cotton in 2022.................................................................22
Indian spinning mills plan reduction in lower counts yarn production....................................23

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 price database includes latest data per market, quantity, unit price, border and trade terms
with per product category.
Monthly Import Statistics
Items
March-2022
Compare last
month (%)
3 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 122.3 329.9 3.1 9.3 369.4 949.7 -7.9 40.1
Fiber & Yarn 100.7 246.7 24.9 23.5 274.8 679.8 -9.6 7.6
Fabric - 1,261.9 - 33.8 - 3,598.5 - 20.6
Accessories - 578.1 - 31.6 - 1,584.4 - 5.5
TOTAL - 2,416.7 - 24.6 - 6,812.3 - 18.5
In March 2022, Vietnam's cotton imports reached 122.3 thousand tons, worth 329.9 million
USD, down 7.9% in volume but up 40.1% in value over the same period last year.
Fiber & yarn imported to Vietnam reached 100.7 thousand tons, down 9.6%; worth 246.7
million USD, up 7.6% over the same period last year.

Page | 4
According to preliminary data in March 2022, cotton imports reached 122.3 thousand tons, up
3.1% over the previous month. Imported fiber and yarn reached 100.7 thousand tons, up 24.9%
compared to last month.
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
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
00
20
40
60
80
100
120
140
160
180
200
Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
1,000
MT
Vietnam Cotton, Fiber & Yarn Import
3 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
Million
USD
Vietnam Import 3 Months 2022 (Mil. USD)
Cotton Fiber & Yarn Fabric Accessories

Page | 5
According to preliminary data in March 2022, cotton imports were about 122.3 thousand tons,
up 3.1% over the previous month, down 30.7% over the same period last year.
According to preliminary data in March 2022, imported fiber and yarn reached 100.7 thousand
tons, up 24.9% over the previous month, down 14.6% 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
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 3 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
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 3 Months 2022 (1,000 MT)
2021 2022

Page | 6
In 3 months of 2022, Vietnam imported cotton worth 949.7 million USD, up 40.1% over the
same period last year; import of fiber and yarn valued at 679.8 million USD, up 7.6%; imported
fabrics of all kinds 3,598.5 million USD, up 20.6%; import of raw materials for textile, garment,
leather and footwear increased by 5.5% over the same period last year, value 1,584.4 million
USD.
1,662.2
2,362.4
3,011.7
2,573.4
2,282.3
3,232.2
949.7
1,609.0
1,821.6
2,418.6
2,409.8
1,998.8
2,552.6
679.8
10,483.3
11,381.1
12,771.9
13,276.0
11,875.6
14,324.7
3,598.5
5,058.8
5,428.5
5,711.4
5,863.6
5,381.1
6,255.6
1,584.4
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
Monthly Export Statistics
Items
March-2022
Compare last
month (%)
3 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 164.3 531.9 24.1 19.8 440.5 1,447.7 -9.0 18.9
Textile & Apparel
(include fabric)
- 3,052.6 - 48.3 - 8,678.4 - 20.3
- Fabric - 277.1 - 54.4 - 707.1 - 26.5
Accessories - 220.1 - 54.8 - 562.2 - 18.8
Technical Textile - 70.8 - -1.0 - 216.8 - 31.1
TOTAL - 3,875.5 - 30.5 - 10,905.2 - 22.3
In March 2022, Vietnam exported 164.3 thousand tons of yarn, worth 531.9 million USD, down
9% in volume but up 18.9% in value over the same period last year.
Yarn exports in March 2022 were valued at 531,9 million USD, up 19.8% over the previous
month; fabric exports were valued at 277.1 million USD, up 54,4%; raw materials for textiles,
leather and footwear with a value of 220.1 million USD, up 54,8%; technical textile exports
decreased by 1%, value 70.8 million USD.
0
100
200
300
400
500
600
Million
USD
Vietnam Export 3 Months 2022 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 8
In 3 months 2022, Vietnam's yarn exports were worth 1,447.7 million USD, up 18.9% over the
same period last year; fabric exports were valued at 707.1 million USD, up 26.5%; raw materials
for textiles, leather and footwear with a value of 562.2 million USD, up 18.8%; technical textile
exports increased by 31.1%, value 216.8 million USD.
Textile and apparel exports in March 2022 reached 3.05 billion USD, down 48.3% compared to
the previous month.
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
M A R - 2 1 A P R - 2 1 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
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
3 MONTHS 2022 (MIL. USD)
2,929.5
3,593.3
4,024.9
4,177.1
3,736.6
5,612.3
1,447.7
1,078.4
1,324.8
1,759.4
2,127.0
1,943.4
2,553.1
707.1
1,495.2
1,710.6
1,902.1
2,014.6
1,687.5
1,994.8
562.2
415.3
457.9
529.7
588.9
456.0
784.7
216.8
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 | 9
Vietnam's yarn export in March 2022 reached 164.3 thousand tons, worth 531.9 million USD,
up 24.1% in volume and 19.8% in value compared to the previous month.
According to preliminary data in March 2022, textile and apparel exports reached 3.05 billion
USD, up 48.3% from the previous month and up 12.1% over the same period in 2021.
194.2
163.7 167.1 171.8 175.6
156.3 144.9 148.0 157.3
123.9
144.2 132.4
164.3
511.1
464.1 473.1 489.3
517.9
481.1
453.4 468.1
512.3
534.9
473.7
444.0
531.9
0
100
200
300
400
500
600
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
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
3 MONTHS 2022 (MIL. USD)
2021 2022

Page | 10
Remarkable information
Domestic market
o Import prices of cotton continued to increase. World cotton prices will continue to fluctuate
in an uptrend due to high demand and high energy prices.
o Import price of yarn decreased slightly.
o The average export price of Vietnam's fibers and yarns in February 2022 reached
US$3,354.3/ton, up 2.11% compared to January 2022 and 34.6% higher than February
2021.
Global market
o Updated forecasts for the 2022 crop show that Brazil will reach its second highest average
yield in its history (1,785 kg/ha). Brazil shipped 185.8 thousand tonnes of cotton in
March/2022, generating an income of US$ 366.9 million.
o China remains the main destination for Brazilian cotton in the total for the trading year. In
March, Vietnam and Pakistan were the countries to which the highest volumes were shipped.
o India: Govt exempts all customs duties on cotton imports till 30 Sept.
o Xinjiang plans to plant 5,333 hectares of cotton in 2022.
o Indian spinning mills plan reduction in lower counts yarn production.
An update on export performance
The average export price of Vietnam's fibers and yarns in February 2022 reached
US$3,354.3/ton, up 2.11% compared to January 2022 and 34.6% higher than February
2021.
According to statistics from the General Department of Customs, Vietnam's exports of fibers and
yarns in February 2022 reached 132.38 thousand tons, worth US$444.04 million, down 8.2%
in volume and down 6 .3% in value compared to January 2022; increased by 6% in volume and
42.6% in value compared to February 2021. Generally, in the first two months of 2022,
Vietnam's exports of fibers and yarns reached 276.67 thousand tons, worth US$917.9 million,
down 4.4% in volume, but up 30% in value compared to the same period last year.

Page | 11
Vietnam’s export fibers and yarns in 2021-2022 (million USD)
The average export price of Vietnam's fibers and yarns in February 2022 reached 3,354.3
USD/ton, up 2.11% compared to January 2022 and 34.6% higher than February 2021.
Generally, in the first two months of 2022, the average export price of Vietnam's textile fibers
and yarns reached $3,317.8 per ton, up 36% over the same period in 2021.
The average export price of Vietnam's fibers and yarns in 2021-2022 (USD/ton)
Vietnam exported fibers and yarns to 24 markets in February 2022, in which, the average export
price of this item to the Italian market was the highest, reaching $7,401.6 per ton.
In general, the average export price of Vietnam's fibers and yarns to markets in February 2022
increased sharply compared to February 2021, except for the export price to Brazil, which
decreased by 2.9%. Some export markets of Vietnam's fibers and yarns have increased sharply,
such as Italy, Hong Kong, and Pakistan.

Page | 12
Export price of fibers and yarns in February 2022
Importer
Feb-2022
(USD/ton)
Compared to
Jan-2022 (%)
Compared to
Feb-2021
(%)
2M2022
(USD/ton)
Compared to
2M2021 (%)
Total 3,354.3 2.11 34.55 3,317.8 36.02
Italy 7,401.6 29.11 82.30 6,350.0 105.28
Hong Kong 6,765.2 22.84 110.85 5,967.9 91.06
Sri Lanka 6,473.5 -6.81 27.03 6,680.6 35.53
Bangladesh 5,847.7 16.23 21.31 5,342.7 17.02
Romania 5,003.8 5.15 87.90 4,887.2 52.69
Pakistan 4,959.2 -4.56 90.58 5,076.3 140.21
Turkey 4,632.7 9.48 12.95 4,414.4 16.52
Colombia 4,420.3 2.17 68.30 4,362.7 76.16
Cambodia 4,058.1 -4.45 14.71 4,157.1 28.29
Korea 3,743.3 0.80 35.88 3,726.3 37.09
Taiwan 3,726.9 -8.93 43.09 3,906.0 53.55
Indonesia 3,603.6 -17.94 18.15 4,000.6 23.11
Malaysia 3,566.5 -4.44 28.50 3,647.1 33.23
China 3,394.1 3.47 33.24 3,336.5 34.07
Egypt 3,391.4 -0.89 36.78 3,411.2 32.51
Thailand 3,332.0 -5.33 25.38 3,427.2 29.06
India 3,291.1 -3.56 47.24 3,356.0 44.90
Japan 3,037.1 4.21 41.85 2,965.5 30.36
Philippines 2,883.9 11.32 60.15 2,748.0 71.00
Peru 2,773.1 -3.81 48.56 2,835.9 37.39
Chile 2,583.8 18.24 56.43 2,406.3 8.30
Brazil 2,084.2 9.48 -2.90 1,962.4 5.91
USA 1,545.8 9.07 36.59 1,484.6 31.56
UK 977.4 -11.73 15.09 1,063.7 26.97
Vietnam exports fibers and fibers mainly to the Chinese market, accounting for 46% of
Vietnam's total exports of this item in the first two months of 2022. However, Vietnam's exports
of fiber and yarn products to the Chinese market decreased again in the first 2 months of 2022
compared to the same period in 2021, down 15.2% in volume, but up 13.7% in value.
Meanwhile, Vietnam's exports of fibers and yarns to a number of markets increased sharply in
the first two months of 2022 such as the US, Bangladesh, Turkey, and the Philippines.

Page | 13
Vietnam's export fibers and yarns in February 2022
Importer
Feb-2022 Compared to
Jan-2022
(%)
Compared to
Feb-2021
(%)
2M2022 Compared
to Feb-2021
(%)
Qty
(ton)
Value
(1,000 USD)
Qty Value Qty Value Qty
(ton)
Value
(1,000 USD)
Qty Value
Total 132,381 444,046 -8.2 -6.3 6.0 42.6 276,670 917,938 -4.4 30.0
China 63,927 216,971 0.5 4.0 -2.9 29.5 127,638 425,868 -15.2 13.7
USA 11,923 18,431 9.8 19.8 149.7 241.1 22,779 33,817 103.8 168.1
Korea 11,728 43,902 -25.8 -25.2 -5.5 28.5 27,536 102,608 -6.0 28.8
Indonesia 3,860 13,910 -1.6 -19.2 21.1 43.1 7,782 31,133 24.5 53.2
Taiwan 3,856 14,371 4.2 -5.1 0.9 44.3 7,557 29,517 -9.8 38.6
Bangladesh 3,359 19,642 -38.1 -28.1 83.3 122.3 8,785 46,936 154.1 197.3
Thailand 2,918 9,723 -3.0 -8.2 12.0 40.5 5,927 20,313 -6.7 20.5
Turkey 2,508 11,619 -15.6 -7.7 81.2 104.7 5,482 24,200 94.5 126.7
Japan 2,336 7,095 -28.8 -25.8 -9.9 27.8 5,615 16,651 3.9 35.4
Cambodia 1,951 7,917 -6.9 -11.1 168.0 207.4 4,046 16,820 14.0 46.3
Pakistan 1,916 9,502 0.2 -4.4 21.6 131.7 3,830 19,442 -20.6 90.6
UK 1,634 1,597 -49.6 -55.5 -16.2 -3.5 4,873 5,183 48.3 88.2
Philippines 1,590 4,585 15.8 28.9 173.2 337.5 2,963 8,142 140.1 310.6
India 1,556 5,121 -15.4 -18.4 -10.3 32.1 3,396 11,397 -26.3 6.9
Malaysia 1,430 5,100 2.3 -2.3 -7.4 18.9 2,829 10,318 -21.5 4.6
Colombia 1,151 5,088 -36.8 -35.4 -18.7 36.8 2,971 12,962 -25.0 32.1
Egypt 981 3,327 -46.3 -46.7 -29.2 -3.1 2,806 9,572 -1.9 30.1
Peru 926 2,568 -25.2 -28.1 46.3 117.3 2,164 6,137 56.1 114.5
Brazil 923 1,924 -51.6 -47.0 -79.3 -79.9 2,829 5,552 -75.0 -73.5
Romania 817 4,088 10.1 15.8 160.2 388.9 1,559 7,619 64.6 151.4
Sri Lanka 644 4,169 35.3 26.1 58.2 101.0 1,119 7,476 -11.9 19.4
Italy 499 3,693 -41.3 -24.2 117.9 297.3 1,349 8,566 101.0 312.7
Chile 366 946 24.5 47.2 147.3 286.9 660 1,588 34.4 45.6
Hong Kong 332 2,246 -42.3 -29.1 -70.2 -37.2 907 5,413 -70.9 -44.4
An update on import performance
Import prices of cotton continued to increase
According to statistics of the General Department of Customs, cotton imports to Vietnam in
February 2022 reached 118.63 thousand tons, worth US$301.72 million, down 7.1% in volume
and 4.4% in value compared to January 2022, up 16.3% in volume and 78.7% in value compared
to February 2021.
Generally, in the first two months of 2022, cotton imported to Vietnam reached 247 thousand
tons, worth 619 million USD, up 9.9% in volume and 69.9% in value over the same period in
2021.

Page | 14
Vietnam’s import cotton in 2021-2022 (thousand tons)
In the first 2 months of 2022, there are 10 markets supplying cotton to Vietnam, an increase of
1 market compared to the same period in 2021. In which, cotton imported from some main
markets into Vietnam decreased with the same period in 2021 such as: Brazil, USA... Specifically:
Brazil is the largest supplier of cotton to Vietnam in the first 2 months of 2022, reaching 64
thousand tons, worth USD 155 million, down 21.7% in volume but up 14.7% in value compared
to the same period in 2021, accounting for 26.1% of total cotton imports. Particularly in
February 2022, cotton imports from this market reached 36.6 thousand tons, worth 90.39
million USD, up 35.6% in volume and 96.7% in value compared to February. 2021.
Cotton imports from the US market ranked second, with an import volume of 46.9 thousand
tons, worth US$ 133.09 million, down 25.5% in volume but up 28.9% in value compared to the
first 2 months of 2021. In February, 2022 alone, cotton imports from this market reached 27.46
thousand tons, worth 78.5 million USD, down 25.8% in volume but up 26.6% in value compared
to February 2021.
In addition, cotton imported from some other markets into Vietnam increased sharply in the
first 2 months of 2021 compared to the same period in 2021, such as imports from India
increased by 54.5%; Australia increased by 541.8%; Argentina increased by 238%.

Page | 15
Vietnam's import cottons in February 2022
Exporter
Jan-2022
(%)
Compared to
Feb-2021
(%)
2M2022 Compared
to Feb-2021
(%)
Qty
(ton)
Value
(1,000 USD)
(ton)
Value
(1,000 USD)
Qty Value
Total 118,633 301,725 -7.1 -4.4 16.5 79.1 247,169 619,758 9.9 69.9
Brazil 36,602 90,397 32.1 38.9 35.6 96.7 64,300 155,473 -21.7 14.7
USA 27,463 78,508 41.2 43.8 -25.8 26.6 46,908 133,097 -25.5 28.9
India 21,973 51,533 -28.0 -29.0 41.9 123.4 52,784 125,013 54.5 148.3
Australia 10,190 26,057 -61.4 -61.4 580.7 781.2 37,079 95,028 541.8 758.0
Argentina 7,772 20,452 -12.5 -10.1 598.3 1,021.2 16,726 43,392 238.0 451.0
Ivory Coast 2,900 6,525 -24.9 -21.9 -23.1 5.7 6,764 14,880 8.9 45.6
Indonesia 1,119 1,547 18.4 23.5 7.9 10.0 2,065 2,800 -17.8 -13.6
Korea 146 297 -69.6 -57.9 -15.6 -22.3 627 1,003 106.9 56.6
Pakistan 190 265 12.4 15.5 -33.6 -39.0 359 494 -18.2 -26.5
China - 50 85
About price: The average price of cotton imported into Vietnam in February 2022 reached
US$2,543/ton, an increase of US$72/ton compared to January 2022 and an increase of
US$888/ton compared to February 2021, equivalent to an increase of 2. 9% compared to
January 2022 and increased 53.7% over the same period in February 2021.
Generally, in the first two months of 2022, the price of cotton imported to Vietnam averaged
$2,507/ton, up 54.5% over the same period in 2021.
The average import price of cotton in 2021-2022 (USD/ton)
The average price of cotton imported into Vietnam in the first two months of 2022 increased in
most markets. In which, the price of cotton imported from the Indonesian market reached the
lowest level of 1,383 USD/ton; followed by from Ivory Coast reached 2,250 USD/ton, and the

Page | 16
price of cotton material imported from the US market reached the highest level at 2,859
USD/ton.
The Ukraine-Russia crisis has led to a gradual decline in energy stockpiles with crude oil prices
trading at their highest since July 2008, at around $139 a barrel. This affects not only stock
markets and commodity prices worldwide, but the global cotton market as well. According to
the assessment, the world price of cotton will continue to fluctuate in an upward direction due
to high demand and high energy prices. Therefore, enterprises that import Vietnam's cotton
need to plan to reserve raw materials to face short-term fluctuations in the market.
Import price of cotton in February 2022
Exporter
Feb-2022
(USD/ton)
Compared to
Jan-2022 (%)
Compared to
Feb-2021
(%)
2M2022
(USD/ton)
Compared to
2M2021 (%)
Total 2,543 2.9 53.7 2,507 54.5
Brazil 2,470 5.1 45.0 2,418 46.5
USA 2,859 1.8 70.7 2,837 73.0
India 2,345 -1.4 57.5 2,368 60.7
Australia 2,557 0.0 29.5 2,563 33.7
Argentina 2,631 2.7 60.6 2,594 63.0
Ivory Coast 2,250 4.0 37.5 2,200 33.8
Indonesia 1,383 4.3 1.9 1,356 5.2
Korea 2,034 38.6 -7.9 1,599 -24.3
Pakistan 1,394 2.7 -8.2 1,376 -10.1
China 1,696
Import price of yarn decreased slightly.
According to statistics from the General Department of Customs, the import of raw yarn in
February 2022 reached 47.18 thousand tons, worth $138.17 million, down 25.6% in volume
and 27.1% in value compared to January 2022; decreased by 6.0% in volume, but increased by
9.5% in value compared to February 2021. Generally, in the first two months of 2022, the
import of raw yarns reached 110.6 thousand tons, worth 327.8 million USD, down 8.5% in
volume, but up 10.7% in value over the same period last year 2021.
Vietnam's import yarn in 2021-2022 (thousand ton)

Page | 17
China is the largest supplier of yarn to Vietnam in February 2022, reaching 27.94 thousand tons,
worth $ 77.02 million, down 29.7% in volume and 29.2% in value compared to January 2022;
down 4.8% in volume, but up 15.4% in value compared to February 2021. Generally, in the first
two months of 2022, imports of raw yarn from the Chinese market reached 67.69 thousand
tons, worth $185.87 million, accounting for 61.2% of the total import volume, down 4.1% in
volume, but increased by 18% in value compared to the first 2 months of 2021.
Taiwan market ranked second, with the amount of raw yarn imported from this market in
February 2022 reaching 7.58 thousand tons, worth $ 19.3 million, down 5% in volume and 17
.5% in value compared to January 2022; up 2.7% in volume and 9.3% in value over the same
period in February 2021. Generally, in the first two months of 2022, imports of raw yarns from
Taiwan market reached 15.57 thousand tons, worth $42.69 million, accounting for 14.1% of
Vietnam's total import of raw yarns, down 13.6% in volume and down 0.4% in value compared
to the first 2 months of 2021.
In general, in the first two months of 2022, imports of yarn from major markets into Vietnam
decreased compared to the same period in 2021, except for Thailand, which increased by 95.6%
in volume.
Vietnam's import yarn in February 2022
Exporter
Jan-2022
(%)
Compared to
Feb-2021
(%)
2M2022 Compared to
Feb-2021
(%)
Qty
(ton)
Value
(1,000 USD)
(ton)
Value
(1,000 USD)
Qty Value
Total 47,181 138,167 -25.6 -27.1 -6.0 9.5 110,617 327,776 -8.5 10.7
China 27,938 77,020 -29.7 -29.2 -4.8 15.4 67,692 185,872 -4.1 18.0
Taiwan 7,585 19,303 -5.0 -17.5 2.7 9.3 15,572 42,688 -13.6 -0.4
India 2,276 6,917 -50.8 -52.1 -62.3 -56.8 6,906 21,370 -42.5 -26.6
Korea 1,430 5,970 -51.5 -43.5 -32.9 -9.7 4,378 16,543 -36.4 -18.5
Indonesia 1,602 5,580 -31.1 -33.9 -26.2 11.5 3,927 14,026 -18.6 19.4
Thailand 1,473 4,439 -3.6 -24.7 89.7 78.8 3,001 10,332 95.6 103.3
Hong Kong 187 2,407 -79.6 -58.9 -33.7 -1.7 1,102 8,258 -25.1 -4.1
Brazil 1,730 4,993 1,730 4,993 6,220.3 9,689.4
Turkey 277 1,521 -43.9 -42.7 750.0 880.7 772 4,174 165.2 490.0
Japan 274 1,949 55.6 23.7 -17.9 -46.7 451 3,526 -30.6 -39.2
Singapore 88 1,293 -70.5 -37.6 6.9 51.1 387 3,365 -12.7 19.8
Malaysia 307 391 -76.3 -86.5 -59.6 -55.7 1,601 3,294 7.3 92.6
Australia 595 1,823 595 1,823
USA 168 864 -38.8 46.7 141.1 40.4 444 1,453 309.9 35.7
Bangladesh 522 685 24.3 34.5 40.3 36.9 942 1,194 18.9 19.4
Italy 27 318 -64.1 -48.1 41.1 134.3 101 932 86.4 131.8

Page | 18
In terms of price: The average import price of Vietnam's yarn products in February 2022 was
at $2,928/ton, down $60/ton compared to January 2022, but up $413/ton over the same period
in February 2021. Generally, for the first two months of 2022, the average import price of raw
yarn into Vietnam reached US$2,963/ton, up 21% over the same period in 2021.
Import price of yarn 2021-2022 (USD/ton)
In which, the lowest price of yarn imported from Malaysia reached an average of 1,275
USD/ton; followed by Taiwan with US$2,545/ton and the highest import price from Hong Kong
market at US$12,895/ton.
Import price of yarn in February 2022
Exporter
Feb-2022
(USD/ton)
Compared to
Jan-2022 (%)
Compared to
Feb-2021
(%)
2M2022
(USD/ton)
Compared to
2M2021 (%)
Total 2,928 -2.0 16.4 2,963 21.0
China 2,757 0.7 21.2 2,746 23.1
Taiwan 2,545 -13.1 6.4 2,741 15.2
India 3,039 -2.7 14.7 3,095 27.8
Korea 4,175 16.4 34.7 3,779 28.3
Indonesia 3,483 -4.1 51.1 3,572 46.7
Thailand 3,014 -21.9 -5.8 3,443 3.9
Hong Kong 12,895 101.8 48.3 7,491 28.1
Brazil 2,887 2,887 54.9
Turkey 5,483 2.2 15.4 5,406 122.5
Japan 7,103 -20.5 -35.1 7,819 -12.3
Singapore 14,665 111.5 41.4 8,697 37.2
Malaysia 1,275 -43.2 9.6 2,057 79.6
Australia 3,061 3,061
USA 5,129 139.7 -41.7 3,274 -66.9
Bangladesh 1,312 8.2 -2.4 1,268 0.4
Italy 11,980 44.7 66.0 9,255 24.3
Vietnam 6,197 8.8 6,197 12.8
Ivory Coast 2,858 2,858
Pakistan 3,835 -15.8 10.1 4,213 22.8

Page | 19
Exporter
Feb-2022
(USD/ton)
Compared to
Jan-2022 (%)
Compared to
Feb-2021
(%)
2M2022
(USD/ton)
Compared to
2M2021 (%)
Netherlands 14,100 -45.8
Argentina 2,510 2,510
Sri Lanka 12,574 2.7 47.4 12,365 101.6
Israel 12,187 -7.2 12,462
Andora 813
Cameroon 2,175 2,175
Macau 3,140 -77.1
Spain 12,803 394.4 650.4 2,798 64.0
Switzerland 48,560 0.0 48,560 2,968.2
Mexico 13,320 -9.1 14,629
Romania 5,086 5,086
Poland 2,800
Germany 12,560 212.9
Cotton Outlook 4-2022
PRICE OUTLOOK
The latest USDA report featured a small increase to 2021/22 production (+342,000 bales to
120.2 million) and a small decrease to 2021/22 milluse (-467,000 bales to 124.1 million). There
were few historical revisions this month, and the figure for 2021/22 beginning stocks was
relatively unchanged (+31,000 bales to 87.4 million). The net result for ending stocks was an
increase of +806,000 bales to 83.4 million, which contributed to a 0.9 point increase to the
global stocks-to-use ratio (to 67.2%). The current value for the ratio is close to levels from
2017/18 (65.7%) and 2018/19 (66.5%), crop years when prices for the NY/ICE Nearby
respectively averaged 79 and 74 cents/lb.
The United Nations’ Food and Agricultural Organization (UN FAO) reported that their global
index of food production set a new all-time high in March. Year-over-year, the index was 33%
higher. While geopolitical issues tie into export availability, the organization indicated that
energy, fertilizer, and feed costs were primary drivers for recent increases.
For the global cotton market, there are several implications. Both food and energy are
necessities, and there is limited ability to substitute away from these goods. As a result,
purchases for more discretionary items like clothing and home furnishings may suffer. This is
particularly true in developing and emerging markets, where the proportion of global end-use
has increased in recent decades and where budget shares devoted to food are higher.
Higher prices for food-related commodities imply greater competition for cotton acreage. The
USDA recently issued a new estimate for planting in 2022/23, which suggested cotton acreage
would increase 9% for the upcoming crop year. The planting window in the U.S. can extend as
late as June. While planting should be unambiguously higher in most countries, weather
conditions and the movement in relative crop prices for the next several months can be

Page | 20
expected to affect acreage allocations in the U.S. and elsewhere until seeds are put into the
ground.
The availability and cost of inputs for growers could also factor into planting decisions.
Fertilizer prices, in particular, have risen by multiples of their historical averages, and the FAO
identified rising input costs as a principal driver of increases in commodity prices. In 2022/23,
high input costs and a potential lack of physical availability may affect yields. Implications for
production should vary by commodity and field, but if the effects are negative and widespread,
they may inhibit relief from supplyrelated concerns for several crops.
Next month, the USDA will release its first full set of forecasts for 2022/23 supply, demand, and
trade. The figures will provide a comprehensive early look at the upcoming crop year. However,
recent years have proven that market-shaking developments are difficult to predict. Many of
the major developments that surfaced over the past few years still pose major questions for the
global cotton industry. Examples lingering over the market include whether or not COVID and
its threats to economic activity will fade, whether the war in Europe will be contained, and what
the evolution of U.S.-Chinese trade relations might be.
Beyond these macro issues, there are perennial questions about cotton and the weather. A
current concern is the drought in West Texas. Whether or not rains fall in this region of
concentrated acreage in the U.S. can add or subtract several million bales to production. With
stocks in the U.S. already tight, the volumes involved can be enough to determine whether the
U.S. might be able to build stocks or will have to ration exports next crop year.

Page | 21
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.
5.9 5.8
3.8
2.4 2.9
1.3 0.8 1.2 0.7 0.3 0.3 0.3 0.3 0.2
8.5
5.7
0.6
1.9 0.7
2.4
1.9
1.9 1.6 0.7
0.5 0.4
0.2
1.1
3.2
1.6
1.7
0.1
1.0
0.3 0.3 0.3 0.3 0.1
2.0
0.2
1.3
1.1
1.2
1.8
1.6
0.5 0.2
0.1
0
2
4
6
8
10
12
14
16
18
Million
metric
tons
World Cotton Market Outlook 2021/2022
Update forecast for April 2022
Production Consumption Exports Imports

Page | 22
Reference from Newspapers
Govt exempts all customs duties on cotton imports till 30 Sept
Businesstoday
Apr 13, 2022
Import of cotton has been fully exempted from customs duties till September 30, 2022, a move
which will benefit the textile industry and lower prices for consumers, the Ministry of Finance
on Wednesday said in a notification.
"This notification shall come into effect on the 14th April, 2022, and will remain in force up to
and inclusive of the 30th September, 2022," the government said in the notification.
This exemption would benefit the textile chain- yarn, fabric, garments and made ups and
provide relief to consumers, the ministry noted.
Previously, the import of cotton attracted a 5 per cent basic customs duty and another 5 per
cent agriculture infrastructure development cess (AIDC).
The industry has been demanding waiver of duty to lower domestic prices.
The Central Board of Indirect Taxes and Customs (CBIC) notified the exemption from customs
duty and agriculture infrastructure development cess for import of cotton.
Since last year, the cotton industry was urging the government to withdraw both the basic
customs duty and the AIDC levied on cotton to create a level playing field on the raw material
front for the Indian textile and clothing Industry.
India generally imports only extra-long staples, organic and sustainable cotton, but the removal
of import duty will also lead to more import of medium and short-staple cotton.
Xinjiang plans to plant 5,333 hectares of cotton in 2022
Textileexcellence
Apr 19, 2022
Cotton sowing is underway in Toksun County, Xinjiang Uyghur Autonomous Region, and a total
of 80,000 mu (about 5,333 hectares) cotton field will be sowed as planned by unmanned
seeders.
Unmanned cotton seeders equipped with Beidou Navigation Satellite System (BDS) have been
widely used in the county. They can complete filming, laying drip irrigation belt, sowing, and
covering at one time, which has greatly improved efficiency while keeping the sowing lines
straight.

Page | 23
According to a cadre of the village, a total of 117 households who grow cotton have already
begun to sow since early April. Fifteen large cotton seeders keep working every day, which can
cover nearly 3,000 mu a day, and the work is expected to finish before April 20. Toksun plans
to plant 80,000 mu of cotton this year, among which 64,000 mu are in Kumishi town.
Indian spinning mills plan reduction in lower counts yarn production
Fashionatingworld
Apr 19, 2022
Spinning mills in India plan to reduce production of lower counts yarn to cope with low
availability of cotton. However, this may squeeze supply of thick yarn in domestic market and
make fine yarn of higher counts more available. Cotton supply is not expected to improve till
October this year despite the government removing the 11 per cent import duty on cotton. This
is attributed to lower production in the last season and declining supply in mandis. Cautious
buying by weavers and garment manufacturers is also slowing yarn demand in India. But prices
are unlikely to decline as supply will be lower, say experts.
Given this scenario, spinning mills will focus on producing thinner yarn of higher counts. This
will enable them to continue production by limiting consumption of cotton in off-peak season
of arrival.
Future yarn prices will be determined by the demand from the weaving and garment industry,
say industry sources. Currently, mills and stockists are facing demand-supply gap in yarns of
various counts as yarn of demanded counts is unavailable at times and yarn of few counts is
over supplied amid lower buying. This gap in yarn is expected to continue for a little while more.

VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 04/2022 ISSUE

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