VIETNAM COTTON - YARN MARKET REPORT - JUL 2021 ISSUE

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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: 0071 0055 969 15, USD: 0071 3755 969 98
At Joint Stock Commercial Bank for Foreign Trade of Vietnam - Ho Chi Minh City Branch.
Swift code: BFTVVNVX007
Ho Chi Minh city, Jul 27th, 2021
MONTHLY REPORT Jul 2021
Contents
Report and Database ....................................................................................................................1
Monthly Import Statistics ........................................................................................................................................1
Monthly Export Statistics.........................................................................................................................................6
Monthly Import Price Database .........................................................................................................................11
Remarkable information in the Textile-Garment industry....................................................................13
Domestic market....................................................................................................................................................13
Reference of World economy from Vietnam.........................................................................................................14
Remarkable information ........................................................................................................................................15
An update on export performance....................................................................................................................16
In the first 6 months of 2021, exports of textiles and apparel increased by 4.25% over the same period before
the Covid-19 epidemic..................................................................................................................................................16
An update on import performance...................................................................................................................17
The price of imported cotton is still in an uptrend ................................................................................................17
In the first 5 months of 2021, imports of textile and footwear materials and accessories increased by 30.6%...19
Import price of yarn decreased slightly..................................................................................................................20
Latest update on import price of materials and accessories .................................................................................22
Source .............................................................................................................................................23
Reference from Newspapers...................................................................................................26
Ranking Of Countries That Produce The Most Cotton .............................................................................26
Xinjiang Cotton Ban Will Lead To Higher Cotton Imports By China..................................................26

Page | 1
VIETNAM COTTON AND SPINNING ASSOCIATION_______________________JUL 2021 – MONTHLY REPORT
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
Jun-2021
Compare last
month (%)
6 months
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 145.5 284.2 - 7.9 -6.3 880.1 1,583.9 12.7 25.5
Fiber & Yarn 92.9 225.3 -1.0 -0.4 592.9 1,324.4 23.7 37.4
Fabric - 1,388.5 - -7.8 - 7,285.1 - 32.0
Accessories - 584.0 - -5.9 - 3,334.6 - 32.7
TOTAL - 2,482.0 - -5.1 - 13,528.0 - 31.9
127.0
118.0 121.1 120.6
108.7
95.1
111.7
128.6
123.5
102.1
176.3 175.3
158
145.5
57.9
75.6
84.8 88.2 89.7 91.4
101.0
113.4 112.2
74.6
117.9
103.2
93.8 92.9
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
1,000
MT
Vietnam Cotton, Fiber & Yarn Import
6 Months 2021 (1,000 MT)
Cotton Fiber & Yarn

Page | 2
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
1,600.0
Million
USD
Vietnam Import 6 Months 2021 (Mil. USD)
Cotton Fiber & Yarn Fabric Accessories
81.0
151.1
160.5
141.2
127.0
118.0 121.1 120.6
108.7
95.1
111.7
128.6
123.5
102.1
176.3 175.3
158.0
145.5
-
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 6 Months 2021 (1,000 MT)
2020 2021

Page | 3
73.0
77.8
118.1
75.7
57.9
75.6
84.8 88.2 89.7 91.4
101.0
113.4
112.2
74.6
117.9
103.2
93.8 92.9
-
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 6 Months 2021 (1,000 MT)
2020 2021
1,622.7
1,662.2
2,362.4
3,011.7
2,573.4
2,282.3
1,583.9
1,519.0
1,609.0
1,821.6
2,418.6
2,409.8
1,998.8
1,324.4
10,154.4
10,483.3
11,381.1
12,771.9
13,276.0
11,875.6
7,285.1
5,002.8
5,058.8
5,428.5
5,711.4
5,863.6
5,381.1
3,334.6
-
2,000.0
4,000.0
6,000.0
8,000.0
10,000.0
12,000.0
14,000.0
2015 2 0 1 6 2017 2018 2019 2020 6M2021
MILLION
USD
VIETNAM IMPORT FROM 2015 TO 6M2021
(MIL. USD)
Cotton Fiber & Yarn Fabric Accessories

Page | 4
Vietnam import PE filament yarn – 3 category (DTY, POY, FDY)
-
5,000
10,000
15,000
20,000
25,000
30,000
M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12
Vietnam Import Quantity by monthly 2020 (tons)
DTY POY FDY
-
10,000
20,000
30,000
40,000
50,000
M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12
Vietnam Import Value by monthly 2020
(USD Thousand)
DTY POY FDY
According to preliminary statistics in 2020, Vietnam imported 338,755 tons of
PE filament yarn, equivalent to 468.1 million USD. In which, DTY yarn accounts
for the highest import proportion, estimated at 197,462 tons, equivalent to 312
million USD, ranked second is FDY yarn with 117,494 tons, import value is 131.5
million USD, the lowest is POY yarn with 23,799 tons, equivalent to 24.6 million
USD.

Page | 5
141,009
151,125
204,710
228,062
197,462
47,109
20,982 22,990
37,599
23,799
113,675 110,208
122,880 130,691
117,494
-
50,000
100,000
150,000
200,000
250,000
2016 2017 2018 2019 2020
Vietnam Import Quantity by yearly 2016-2020
(tons)
DTY POY FDY
196,181
247,174
388,682
409,673
312,027
48,191
27,661 34,236 45,293
24,550
137,960 155,737
198,792 184,613
131,516
-
100,000
200,000
300,000
400,000
500,000
2016 2017 2018 2019 2020
Vietnam Import Value by yearly 2016-2020
(USD Thousand)
DTY POY FDY
248,805
44,354
14,729 13,570 10,847
0
50,000
100,000
150,000
200,000
250,000
300,000
China Taipei, Chinese Korea, Republic of Malaysia Indonesia
Vietnam Import from TOP 5 Expoters in 2020 (tons)
According to
preliminary statistics
in 2020, Vietnam
imported 338,755
tons of PE filament
yarn, equivalent to
468.1 million USD. In
which, our country
imported the most
from China 248,805
tons with a value of
314.7 million USD,
accounting for 73.5%,
quite far from the
second country
Taiwan with 44,354
tons, equivalent to
83.5 million USD
(13.1%). Followed by
South Korea 14,729
tons, worth 28.1
million USD (4.3%),
Malaysia 13,570 tons,
worth 12 million USD
(4.3%), Indonesia
10,847 tons. worth
12.7 million USD
(3.2%).

Page | 6
Monthly Export Statistics
Items
Jun-21
Compare last
month (%)
6 months
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 171.8 489.3 2.8 3.4 986.1 2,642.9 35.5 64.2
Textile & Apparel
(include fabric)
- 3,064.6 - 19.1 - 15,310.7 - 15.5
- Fabric - 224.6 - 12.2 - 1,169.6 - 33.5
Accessories - 173.4 - 4.0 - 994.3 - 24.9
Technical Textile - 63.0 - -9.6 - 359.7 - 85.1
TOTAL - 3,790.3 - 4.2 - 19,307.6 - 47.4
0
100
200
300
400
500
600
May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Million
USD
Vietnam Export 6 Months 2021 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 7
1,866.9
2,601.9
3,041.2 2,966.0
2,883.3
2,561.0
2,241.1
2,830.4
2,660.8
1,820.8
2,723.9
2,458.8
2,573.8
3,064.6
M A Y - 2 0 J U N - 2 0 J U L - 2 0 A U G - 2 0 S E P - 2 0 O C T - 2 0 N O V - 2 0 D E C - 2 0 J A N - 2 1 F E B - 2 1 M A R - 2 1 A P R - 2 1 M A Y - 2 1 J U N - 2 1
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
6 MONTHS 2021 (MIL. USD)
2,539.8
2,929.5
3,593.3
4,024.9
4,177.1
3,736.6
2,642.9
996.6
1,078.4
1,324.8
1,759.4
2,127.0
1,943.4
1,169.6
1,434.3
1,495.2
1,710.6
1,902.1
2,014.6
1,687.5
994.3
435.4
415.3
457.9
529.7
588.9
456.0
359.7
-
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
3,500.0
4,000.0
4,500.0
2015 2016 2017 2018 2019 2020 6M2021
Vietnam Export from 2015 to 6M2021 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 8
Vietnam export PE filament yarn – 3 category (DTY, POY, FDY)
2,470.4
2,233.9
2,338.6
1,609.6
1,866.9
2,601.9
3,041.2
2,966.0
2,883.3
2,561.0
2,241.1
2,830.4
2,660.8
1,820.8
2,723.9
2,458.8
2,573.8
3064.6
JA N- 20 F E B- 20 MA R- 20 A P R- 20 MA Y - 20 JUN- 20 JUL- 20 A UG- 20 S E P - 2 0 OC T - 20 NOV- 20 DE C - 20
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
6 MONTHS 2021 (MIL. USD)
2020 2021
-
2,000
4,000
6,000
8,000
10,000
12,000
M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12
Vietnam Export Quantity by monthly 2020
(tons)
DTY POY FDY
According to preliminary statistics in 2020, Vietnam exported 111,153 tons of PE
filament yarn, equivalent to 154.56 million USD. In which, DTY yarn accounts for
the highest proportion of export, estimated at 85,045 tons, equivalent to 125.83
million USD, second is POY yarn with 10,902 tons, export value is 10.5 million USD,
the lowest is FDY yarn with 15,206 tons, equivalent to 18.23 million USD.

Page | 9
-
5,000
10,000
15,000
20,000
M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12
Vietnam Export Value by monthly 2020
(USD Thousand)
DTY POY FDY
74,820 80,485
79,617
70,355
85,045
1,043
16,625
23,611
12,267
10,902
2,922
4,070 6,383
11,255 15,206
-
20,000
40,000
60,000
80,000
100,000
2016 2017 2018 2019 2020
Vietnam Export Quantity by yearly 2016-2020
(tons)
DTY POY FDY
137,341 139,538
156,191
131,592
125,836
646
18,765
30,050
13,418 10,496
10,096
9,269 11,721
19,151
18,226
-
50,000
100,000
150,000
200,000
2016 2017 2018 2019 2020
Vietnam Export Value by yearly 2016-2020
(USD thousand)
DTY POY FDY

Page | 10
29,684
22,633
18,574
11,225 10,854
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Pakistan Korea, Republic of Thailand Japan Turkey
Vietnam Export to TOP 5 Importers in 2020 (tons)
Preliminary statistics in 2020, Vietnam's export of PE filament yarn reached
111,153 tons, equivalent to 154.56 million USD. In which, Pakistan has the
highest account for 29,684 tons, worth 33.26 million USD, reaching 26.7%. Korea
ranked second with 22,633 tons, worth 26.52 million USD, reaching 20.4%.
Thailand accounted for 18,574 tons, worth 36.35 million USD (16.7%), Japan
11,225 tons, worth 18.61 million USD (10.1%), Turkey 10,854 tons, worth 11.65
million USD (9.8%).

Page | 11
Monthly Import Price Database

Page | 12

Page | 13
Remarkable information in the Textile-Garment industry
Domestic market
In the context of complicated developments of the Covid-19 epidemic, spreading to many
provinces and cities across the country from the end of April 2021, economic growth in the second
quarter of 2021 is estimated to increase by 6.61% compared to the same period last year, higher
than the growth rate of 0.39% in the second quarter of 2020, but lower than the growth rate of
6.73% in the second quarter of 2018 and 2019. With this increase, GDP in the first 6 months of the
year 2021 is estimated to increase by 5.64%, higher than the growth rate of 1.82% of the same
period in 2020, but lower than the growth rate of 7.05% and 6.77% of the same period in 2018
and 2019. In which, the agriculture, forestry and fishery sector increased by 3.82%, contributing
8.17%; the industry and construction sector increased by 8.36%, contributing 59.05%; the service
sector increased by 3.96%, contributing 32.78%.
In the past 6 months, the macro-economy has continued to be stable with inflation under control
even though inflationary pressure in the world market is at a high level with a series of
commodities climbing to the price level. new. The consumer price index (CPI) in June 2021
increased by 0.19% compared to the previous month, increased by 1.62% compared to December
2020 and increased by 2.41% compared to June 2020. On average, in the first 6 months of 2021,
CPI increased by 1.47% over the same period last year, the lowest increase since 2016. The average
CPI in the second quarter increased by 0.45% compared to the previous quarter and increased by
2.67 % over the same period in 2020.
Industrial production in the second quarter of 2021 recorded a good growth rate with an increase
of 11.45% over the same period last year thanks to the maintenance and recovery of business
activities of enterprises. Generally, in the first 6 months of 2021, the added value of the industry
increased by 8.91%, of which the processing and manufacturing industry increased by 11.42%,
higher than the growth rate of 5.06% of the same period in 2020.
Meanwhile, the service sector continues to face many difficulties due to the implementation of
social distancing in some localities to prevent epidemics. Total retail sales of consumer goods and
services in the second quarter of 2021 was estimated to decrease by 8.4% compared to the
previous quarter, but still increased by 5.1% over the same period last year. Generally, in the first
6 months of 2021, the total retail sales of consumer goods and services increased by 4.9% over the
same period last year, if excluding the price factor, the increase of 3.55% (in the same period of
2020 it decreased by 5.77%).
The relatively positive growth results in the first 6 months of 2021 have shown the drastic
direction and management of the Government and the efforts of the political system, business
community, the people of the country and the frontline forces. fight against the epidemic to control
the epidemic, carry out tasks and solutions for socio-economic development in 2021.

Page | 14
Reference of World economy from Vietnam
The global economy continues to face many risks due to the risk of a resurgence of the Covid-19
epidemic in the context that the Delta variant of the SARS-CoV-2 virus is having complicated
developments and spreading in many countries around the world, forcing governments to speed
up vaccinations and tighten epidemic prevention measures to avoid a new wave of Covid-19. The
increase in cases of Delta variant infection along with the tendency of Central Banks of countries
to cut monetary policy support packages soon in the face of inflationary pressure are the main
reasons leading to the possibility of institutions Adjusted financials lowered the forecast for global
economic growth in the second half of 2021, and at the same time, it will bring back risk aversion.
In the US, the trend of economic recovery caused a strong increase in demand for the labor force.
According to the ADP employment report, in June 2021, the US economy added 692 thousand jobs
in the non-farm sector, although lower than the record high of 886 thousand jobs in May 2021, but
was much higher than the previous estimate of 475 thousand jobs. However, currently, the US
economy is still in a period of shortage of workers to meet the acceleration in manufacturing
activities before the impact of the strong unemployment benefits of the US Government.
In China, China's industrial production expansion slowed in June 2021 due to high raw material
costs and export disruptions in Guangdong province due to the outbreak of Covid-19 infections
affected business operations. According to data from the National Bureau of Statistics of China
(NBS), the purchasing power management index (PMI) of China's manufacturing sector in June
2021 reached 50.9 points, although still above the threshold of 50 points. This shows that
production activities in this country continue to expand, but the pace has slowed down compared
to 51 points in May 2021. The manufacturing PMI in China as calculated by Caixin/Markit in June
2021 also only reached 51.3 points, lower than 52 points in the previous month. The world's
second-largest economy has now clearly recovered from disruptions caused by the Covid-19
pandemic, but Chinese manufacturers are facing new challenges from high raw material costs. or
bottlenecks in the global supply chain.
In Europe, the continent's economy continued to receive positive developments in the context that
the infection rate decreased and businesses were gradually reopened. The official PMI for the
Eurozone manufacturing sector reached 63.4 points in June 2021, higher than the previous
estimate of 63.1 points. Inflation rate in the region also improved markedly with 7.9% in May 2021,
down from 8.1% in the previous month.

Page | 15
Remarkable information
o The price of imported cotton is still in an uptrend.
o In the first 5 months of 2021, imports of textile and footwear materials and accessories
increased by 30.6%.
o Increasing trade defense barriers. With many Vietnamese products at high risk of being subject
to trade remedies in exporting countries/territories, the authorities have recommended
businesses to use legal tools to ensure compliance with the principles and legal regulations of
the local market.
o Covid-19 has had a strong impact on the textile machinery industry around the world. Due to
the outbreak of the Covid-19 epidemic, the global textile machinery market has decreased by
30% in 2020. Exports of all types of textile machines including spinning, structural, knitting,
knitting and finishing machines have all decreased.
o In the first six months of 2021, exports of textiles and garments increased by 4.25% over the
same period before the Covid-19 epidemic.
o Import price of yarn decreased slightly.
o HCM City logistics companies unhappy with COVID isolation of ports. Logistics firms are
worried transport of cargo to and from the Vietnam International Container Terminals will be
disrupted by the lockdown of HCM City’s District 7 where it is situated.
o Asia Pacific - the luxury market is growing despite the Covid-19 epidemic.
o Imports of textile and garment materials will increase sharply in the second half of 2021.
o From July 1, 2021, goods imported into the EU will apply new regulations. According to new
regulations of the European Union (EU), from July 1, 2021, all goods brought into the EU
originating from a third country are subject to value added tax (VAT) and must declare to
customs.
o The Ministry of Finance promulgates a Circular extending the reduction of 30 fees and charges.
On June 24, 2021, the Ministry of Finance issued Circular No. 47/2021/TT-BTC stipulating a
reduction of 30 fees and charges in order to support and remove difficulties for production,
business and ensuring social security to cope with the Covid-19 epidemic.
o Americans are driving the growth of the second-hand fashion market. According to a report by
Global Data, the second-hand fashion market in the US is expected to reach $77 billion in the
next five years.

Page | 16
An update on export performance
In the first 6 months of 2021, exports of textiles and apparel increased by 4.25% over the
same period before the Covid-19 epidemic.
According to preliminary statistics, in June 2021, Vietnam's textile and garment export turnover
was estimated at US$ 3.68 billion, up 12.1% compared to May 2021 and up 21.1 % compared to
June 2020 and has increased by 7.53% compared to June 2019. This is the first month of the year,
Vietnam's garment exports increased compared to the same period of 2019 - the time before the
Covid-19 epidemic. In general, in the first 6 months of 2021, the export turnover of this item is
estimated at 19.18 billion USD, up 21.0% compared to the first 6 months of 2020 and 4.25%
compared to the first 6 months of 2019. However, there are still many challenges, but with stable
and continuous growth in the past few months, Vietnam's textile and garment exports have
returned compared to the time before the epidemic and even grown higher than before Covid-19.
In the first 6 months of 2021, Vietnam's exports of textiles and garments increased sharply
compared to the same period in 2020 because exports of all commodity groups grew at a high,
double-digit rate. Notably, exports of raw materials including yarn and technical textile increased
by 81%. In addition, the growth rate of Vietnam's textile and garment exports, surpassing that of
the time before the Covid-19 epidemic, was mainly due to the strong increase in exports of yarn,
and technical textile, while textile/apparel and accessories only increased slightly.
Estimated exports of textiles and garments of Vietnam in June and the first 6 months of 2021
Items
6 months 2021 6 months 2021
Value
(Mil. USD)
Compared to
May/2021
(%)
Compared to
Jun/2020
(%)
Compared to
Jun/2019
(%)
Value
(Mil. USD)
Compared to
6M/2020
(%)
Compared to
6M/2019
(%)
Yarn 457 -3.4 77.7 45.08 2,611 62.2 28.66
Textile &
Apparel
3,000 16.6 13.7 4.12 15,231 14.9 0.83
Technical
Textile
55 -21.0 154.7 9.37 352 81.0 13.08
Accessories 170 1.9 37.0 -4.36 991 24.5 3.61
Total 3,682 12.1 21.1 7.53 19,185 21.0 4.25
Thus, with the export results of Vietnam's textiles and garments in the first 6 months of the year
are positive and the vaccination program is widely implemented in many economies as well as the
positive outlook of the global economy. Demand will positively support Vietnam's textile and
garment export activities in the last 6 months of 2021. It is forecast that Vietnam's textile and
garment export turnover in 2021 will increase by 18% compared to 2020 to reach 42 billion USD,
2 billion USD higher than the plan set out at the beginning of the year.

Page | 17
An update on import performance
The price of imported cotton is still in an uptrend
According to statistics of the General Department of Customs, cotton imports to Vietnam in May
2021, reached 158 thousand tons, worth 303.22 million USD, down 9.9% in volume and 4.9% in
value compared to April 2021, an increase of 24.38% in volume and an increase of 49.43% in value
compared to May 2020.
Generally, in the first 5 months of 2021, the amount of cotton imported to Vietnam reached 734
thousand tons, worth 1.29 billion USD, up 10.8% in volume and 20% in value over the same period
in 2020.
In the first 5 months of 2021, the qty of cotton imported from the US market decreased compared
to the same period in 2020, while imports from other markets increased sharply. Specifically:
Cotton imports from the US market were the largest in the first 5 months of 2021, reaching 307
thousand tons, worth 559 million USD, down 26.61% in volume and 19.3% in value over the same
period in 2020. accounting for 41.83% of total cotton imports.
Cotton imports from the Brazilian market increased by 43.7% in volume and 53.36% in value
compared to the first 5 months of 2020, reaching 212 thousand tons, worth 373 million USD.
In addition, cotton imports from some other markets increased sharply compared to the same
period in 2020 such as: from India by 220.48%; from Australia by 208.23%; from Ivory Coast
increased to 224.47% in volume over the same period in 2020.

Page | 18
Vietnam's import cottons in 5 months 2021
Exporter
5 months 2021 Compared to 5 months 2020 (%) Proportion (%)
Q’ty
(ton)
Value
(1,000 USD)
Avg.
price
(USD/ton
)
Q’ty Value Avg. price 5M/2021
(q’ty)
5M/2020
(q’ty)
TOTAL 734,585 1,299,667 1,769 10.78 20.00 8.32 100.00 100.00
USA 307,294 559,479 1,821 -26.61 -19.30 9.95 41.83 63.14
Brazin 212,034 373,823 1,763 43.70 53.36 6.73 28.86 22.25
India 101,007 162,874 1,613 220.48 265.77 14.13 13.75 4.75
Australia 26,251 52,146 1,986 280.23 291.44 2.95 3.57 1.04
Ivory Coast 16,960 30,277 1,785 224.47 279.33 16.91 2.31 0.79
Argentina 5,921 9,680 1,635 55.57 92.29 23.60 0.81 0.57
Indonesia 4,592 5,944 1,294 46.85 72.58 17.52 0.63 0.47
South Korea 1,420 2,508 1,766 52.69 116.84 42.01 0.19 0.14
Pakistan 888 1,276 1,437 -65.31 -61.34 11.45 0.12 0.39
China 360 712 1,977 19.21 -14.77 -28.50 0.05 0.05
Taiwan 9 80 8,842 -90.82 -74.64 176.10 0.00 0.01
About price: The price of cotton imported into Vietnam in May 2021 was at US$1,919/ton, an
increase of US$101/ton compared to April 2021 and an increase of US$323/ton compared to May
2020, an increase of 5.56% compared to April 2021 and up 20.23% over the same period in May
2020.
In the first 5 months of 2021, the price of imported cotton material to Vietnam averaged
$1,752/ton, up 7.55% over the same period in 2020. The average price of imported cotton from
markets in the first 5 months of the year 2021 increases mostly, with a decline of 4-23%. In which,
the lowest price of cotton material imported from Indonesia reached 1,294 USD/ton; followed by
India at $1,613/ton and the highest import price was from Australia at $1,986/ton.

Page | 19
In the first 5 months of 2021, imports of textile and footwear materials and accessories
increased by 30.6%
According to statistics from the General Department of Customs, Vietnam's imports of textile,
garment, leather and shoe materials in May 2021 reached USD 620.75 million, down 1.9%
compared to April 2021 but up 56. 66% compared to May 2020. In general, in the first 5 months of
2021, Vietnam's imports of textile, garment, leather and shoe materials reached US$2.75 billion,
up 30.6% over the same period in 2020.
In which, imports of foreign-invested enterprises (FDI) in May 2021 reached US$430 million, down
3.37% compared to April 2021 but up 76.95% compared to May 2020. Generally, in the first 5
months of 2021, imports of FDI enterprises reached US$1.97 billion, up 44.85% over the same
period in 2020 and accounting for 71.7% of the total import value of textile materials. garment,
leather, shoes of Vietnam.
In the first 5 months of 2021, imports of textile, garment and footwear materials from markets to
Vietnam were all increased which compared to the same period in 2020 except for Germany, which
decreased by 39.35%, Argentina decreased by 33.03%. In which, China is the largest supplier of
textile, garment and footwear materials to Vietnam, accounting for 49.27% of the total import
value (compared to the same period in 2020 the proportion is 44.14%), increased by 45.79% in
value over the same period in 2020.
Notably, imports of textile, garment and footwear materials from the Danish market increased
sharply.
Vietnam's import of textile, garment and footwear materials in 5 months 2021
(1000 USD)
Exporter 5M/2021 Compared to
5M/2020 (%)
Proportion
5M/2021 (%)
Proportion
5M/2020 (%)
Total 2,752,607 30.59 100.00 100.00
China 1,356,313 45.79 49.27 44.14
South Korea 247,061 12.01 8.98 10.46
Taiwan 183,129 14.94 6.65 7.56
USA 179,348 1.03 6.52 8.42
Thailand 123,446 3.60 4.48 5.65
Italy 123,226 49.76 4.48 3.90
Japan 112,820 10.55 4.10 4.84
Hong Kong 68,231 1.17 2.48 3.20
Brazin 40,217 19.98 1.46 1.59
India 33,019 15.84 1.20 1.35
Indonesia 22,080 20.17 0.80 0.87
UK 15,474 78.49 0.56 0.41

Page | 20
Exporter 5M/2021 Compared to
5M/2020 (%)
Proportion
5M/2021 (%)
Proportion
5M/2020 (%)
Malaysia 10,846 31.87 0.39 0.39
Germany 10,108 -39.35 0.37 0.79
Pakistan 9,931 17.99 0.36 0.40
Australia 8,876 31.15 0.32 0.32
Argentina 7,117 -33.03 0.26 0.50
Denmark 3,930 1,086.87 0.14 0.02
Spain 3,429 25.78 0.12 0.13
France 3,404 75.23 0.12 0.09
Bangladesh 3,004 62.46 0.11 0.09
Import price of yarn decreased slightly
According to preliminary statistics, Vietnam's import of raw yarn in June 2021 is estimated at
70,000 tons, worth $190 million, up 3.61% in volume and 2.15% in value over the previous month.
5/2021, and compared to June 2020, an increase of 85.57% in volume and an increase of 113.4 %
in value. Generally, in the first 6 months of 2021, the import volume of this item reached 420
thousand tons, worth 1.08 billion USD, up 49.46% in volume and 53.52% in value over the same
period in 2020.
According to statistics of the General Department of Customs, import of raw yarn in May 2021
reached 67.56 thousand tons, worth 186.61 million USD, down 2.06% in volume and down 3.04%
in value compared to April 2021, an increase of 89.48% in volume but an increase of 89.27% in
value compared to May 2020. Import price of raw yarn in May 2021 was at $2,761/ton, down
$28/ton compared to April 2021 but increased by $142/ton over the same period in May 2020.
Generally, in the first 5 months of 2021, the import volume of this item reached 350,000 tons,
worth 897 million USD, up 44.03% in volume and 45.14% in value over the same period in 2020.

Page | 21
In the first 5 months of 2021, Vietnam imported yarn from the main supply markets of China,
Taiwan, India, Indonesia, Korea... In which, China is the largest source of yarn for Vietnam,
accounting for 57.10% of the total amount of imported yarn (compared to the same period in 2020
the proportion is 61.79%), an increase of 32, 80% in volume and 44.25% in value over the same
period in 2020.
Notably, the import volume of raw yarn from some markets increased sharply in the first 5 months
of 2021 such as Brazil, the US, and Switzerland.
Vietnam's import yarn in 5 months 2021
Exporter 5 months 2021 5M/2021 compared to 5M/2020 (%)
Q’ty
(ton)
Value
(1,000 USD)
Unit price
(USD/ton)
Q’ty Value Unit price
TOTAL 350,293 897,141 2,561 43.69 44.94 0.87
China 200,033 469,792 2,349 32.80 44.25 8.62
Taiwan 50,961 123,606 2,426 67.41 55.27 -7.25
India 29,740 78,310 2,633 46.68 67.36 14.09
South Korea 18,437 62,652 3,398 70.38 66.54 -2.26
Indonesia 15,092 39,319 2,605 26.16 39.21 10.34
Hong Kong 5,796 28,812 4,971 79.19 -24.41 -57.81
Thailand 4,890 16,328 3,339 6.50 -0.64 -6.70
USA 3,813 8,107 2,126 1,788.12 128.88 -87.88
Malaysia 3,787 5,252 1,387 -15.72 1.37 20.28
Brazil 3,770 6,773 1,796 11,027.79 5,605.37 -48.73
Switzerland 1,782 1,956 1,097 247.93 284.90 10.63
Japan 1,719 17,212 10,010 38.99 35.60 -2.44
Bangladesh 1,588 1,843 1,161 -0.57 21.42 22.12
Singapore 1,128 7,556 6,698 151.62 71.08 -32.01
Pakistan 939 3,339 3,554 21.94 20.66 -1.05
Belize 851 165 194 957.89 -23.68 -92.79
Turkey 555 1,871 3,374 -40.23 -18.99 35.52
South Africa 515 980 1,903
Italy 513 3,049 5,946 277.97 -14.29 -77.32
Australia 506 1,213 2,397
Ivory Coast 473 852 1,800
Germany 434 1,020 2,351 1,217.13 344.87 -66.22
UAE 417 692 1,657 208,583.27 90,895.40 -56.40
Mexico 373 670 1,795 48,983.39 3,341.31 -92.99
Macau 217 2,518 11,590 618.08 2,076.33 203.08
Sri Lanka 209 1,331 6,367 41.97 4.84 -26.15
Samoa 159 1,006 6,340
Cambodia 127 117 921 2,315.39 1,382.69 -38.61
UK 100 279 2,783 82.54 56.17 -14.45
Myanmar 80 662 8,268 1,252.82 2,946.74 125.21

Page | 22
Exporter 5 months 2021 5M/2021 compared to 5M/2020 (%)
Q’ty
(ton)
Value
(1,000 USD)
Unit price
(USD/ton)
Q’ty Value Unit price
Norway 80 8 100
Netherlands 48 1,799 37,782 12.09 -26.03 -34.01
Canada 31 769 24,436 504.04 762.73 42.83
Seychelles 29 142 4,920 140.14 140.14 0.00
Spain 25 48 1,889 4,222.46 670.00 -82.19
Belgium 22 97 4,464
France 21 896 42,081 127.25 694.70 249.70
In terms of price: In the first 5 months of 2021, the price of imported yarn to Vietnam reached an
average of US$2,572/ton, up 0.55% over the same period in 2020. In which, the price of imported
yarn from Switzerland reached the lowest level 1,097 USD/ton; followed by from Malaysia at 1,387
USD/ton and the highest import price from Hong Kong was 4,971 USD/ton.
Latest update on import price of materials and accessories
Cotton price
Last week, the price of imported natural cotton increased from markets such as the US up 1.62%
to $2,107/ton, Switzerland up 3.43% to $2,046/ton, Japan up 3.02% up to 1,891 USD/ton. In the
opposite direction, the price of imported cotton decreased by 2.90% to 2,068 USD/ton; Hong Kong
dropped 3.17% to $2,264/ton; Korea fell 15.61% to 2,913 USD/ton; Netherlands decreased 1.12%
to 1,941 USD/ton; Taiwan down 59.7% to $4,364/ton.
Compared to the same period last year, the price of imported natural cotton from markets last
week increased in most markets, except for Hong Kong, which decreased by 26.95% to 2,264
USD/kg.

Page | 23
Yarn price
Similarly, the price of 100% polyester yarn (code 54023300) imported from the markets last week
decreased most of the markets, except for Taiwan, which increased by 15.08% to 5.43 USD/kg, the
US increased by 9 0.07% to 5.03 USD/kg.
Compared to the same period last year, the import price of this yarn from the markets last week
increased in most markets, except for the Korean market, which decreased by 0.23% to 2.95
USD/kg, and India by 43. 6% down to 0.98 USD/kg.
Fabric price
For imported fabrics, the 56/58'' 100% cotton fabric (code 52094200) imported from the China
has a price of $2.73/m2, while the price for importing this type from the Korean market is higher,
3.34 USD/m2, CIF, Cat Lai Port.
The main fabric 100% cotton (code 52091900) imported from Hong Kong market has a price
ranging from 2.47-2.69 USD/meter, while the price of importing this type from the Japan is higher
at 3.95 USD/meter, CIF, Cat Lai Port (Ho Chi Minh).
100% poly woven fabric (code 55121900) imported from the Korean market is priced at
$0.81/m2, while the price for this type of imported fabric from the China is lower, at $0.42/m2,
CIP, Dinh Vu Port (Hai Phong)
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 and
other reliable sources.

Page | 24
COTTON USA SOLUTIONS™ Virtual Consults Support Post-Pandemic Profitability
The global supply chain continues to
face the effects of the Covid-19
pandemic, with new challenges
arising in real time as the industry
prepares to emerge. For mills and
manufacturers in particular, these
challenges affect operations and
resources as well as relationships
with brand and retailer partners.
The question of “tomorrow” and the
long-term impacts of the coronavirus
pandemic are certainly top-of-mind
for supply chain decision makers. They will need to adopt new strategies related to cost, time and
quality to secure the future of supply chain operations.
But what can mills and manufacturers do in the near-term to better set their businesses up for
post-pandemic success, and even drive profits today?
Given Covid-19 travel, meeting and operating restrictions, solutions to maximize operational value
might seem less feasible without traditional resources and tools. However, COTTON USA has
developed a program that can help decision makers identify short-term solutions for immediate
implementation—even in a virtual world—that positively position their businesses for long-term
success: COTTON USA SOLUTIONS™.
For mills and manufacturers utilizing U.S. cotton, COTTON USA SOLUTIONS™ is the first-of-its-kind
technical consultancy in the cotton supply chain. It provides cutting-edge data and technology
offerings, led by a group of world-class mill experts, to evaluate and advise your business
operations.
One of the most relevant program offerings for today’s virtual environment is the Virtual Mill
Doctor™—an easy, remote way to access the one-to-one Mill Consult solution that has proven cost
savings of 10 to 25 percent. Using Microsoft Remote Assist technology, COTTON USA’s world-class
mill experts can visit an operation remotely. COTTON USA provides the latest Microsoft HoloLens
headset to livestream on-the-ground footage from an operation, and COTTON USA technical
experts tune in for a robust analysis.
The mill expert team will help identify a specific issue or area of focus to evaluate and solve. The
customized output of the in-depth, virtual analysis is two-fold:
• First, an immediate strategy review from COTTON USA’s virtual visit and some preliminary
optimizations.

Page | 25
• Then, after two to four weeks, a formal, data-driven recommendation with customized best
practices for your operation to achieve guaranteed lower costs and increased efficiencies with U.S.
cotton.
For example, data collected and evaluated through the Virtual Mill Doctor™ solution might
determine that a mill isn’t gaining the yield it could expect from the type of U.S. cotton purchased.
COTTON USA’s expert team will further investigate through additional testing, ultimately
establishing a baseline for waste percentage levels and developing measurable recommended
optimizations.
Recently, COTTON USA SOLUTIONS™ activated the Virtual Mill Doctor™ for a large mill operation
that faced this same challenge. By implementing the recommendations from the technical team,
this mill forecasts significant financial impact by increasing overall yield by 4.5 percent—even
amid the global pandemic.
In today’s remote business world, innovative offerings such as the Virtual Mill Doctor™ enable the
global connectivity of and value exchange with COTTON USA. The COTTON USA SOLUTIONS™
program is a testament to the added value COTTON USA brings to its customers and its
commitment to establishing relationships of trust and transparency along the supply chain.
To qualify for COTTON USA SOLUTIONS™ offerings such as the Virtual Mill Doctor™ and reap the
benefits for your business, we invite you to learn more and contact us by reaching out to the
COTTON USA representative near you. COTTON USA SOLUTIONS™ offerings are complimentary
for qualified COTTON USA™ licensees with a U.S. Cotton Trust Protocol™ membership.
About COTTON USA
Cotton Council International (CCI) promotes U.S. cotton around the world using our COTTON USA™
trademark. We’re dedicated to spreading the message of how our family farmers are employing
innovative precision agriculture techniques for a kinder, greener world. Click here
https://cottonusa.org/solutions to learn more.
About the case study
In 2020, COTTON USA SOLUTIONS™ conducted an in-depth analysis for a mill that is a COTTON
USA™ licensee and COTTON USA SOLUTIONS™ member. The analysis was conducted as part of the
Virtual Mill Doctor™ offering. The proprietary techniques for evaluation and data collection
resulted in a customized recommendation to lower costs by more efficiently using U.S. cotton in
the mill, which resulted in significant financial impact. The name of the mill and exact data is
confidential at this time.

Page | 26
Reference from Newspapers
Ranking Of Countries That Produce The Most Cotton
Beef2live
Jul 25, 2021
China and India were the largest producers of cotton in the world in 2020 followed by the United
States, Brazil and Pakistan.
Four (4) countries produced over 11 million metric tons of cotton in 2020: China, India, U.S. and
Brazil.
Fourteen (14) countries produced over 1 million metric tons of cotton in 2020 including Benin,
Mexico and Turkmenistan.
Xinjiang Cotton Ban Will Lead To Higher Cotton Imports By China
Textileexcellence
Jul 06, 2021
The US ban on Xinjiang cotton may push China to allow more cotton imports than usual this
year.
Citing a prediction of an analyst at Huatai Futures, the Bloomberg said China may further increase
cotton imports to meet rising global demand for textiles in addition to the current plan for this
year, suggesting it is a result of the US ban on Xinjiang cotton.
29,000,000
29,000,000
14,700,000
11,500,000
4,500,000
3,500,000
2,900,000
2,600,000
1,400,000
1,350,000
1,350,000
1,025,000
1,025,000
1,000,000
China
India
USA
Brazil
Pakistan
Uzbekistan
Turkey
Australia
Greece
Argentina
Benin
Ivory Coast
Mexico
Turkmenistan
Countries That Produce The Most Cotton 2020 (tons)

Page | 27
It seems some observers have apparently missed the point. For several years, China has been
adjusting its cotton import plans in accordance with the actual balance between supply and
demand of the industry in the year. It’s a necessary move to meet cotton textile export enterprises’
demands for raw materials to fulfill market orders, rather than a special measure after the US’
arbitrary ban.
China has issued a 700,000-tons quota for cotton imports in 2021, all of which is for non-state
traders and will be subject to a sliding-scale tariffs system, according to a note published on the
site of National Development and Reform Commission (NDRC), the top planner of the country, at
the end of April. Before the Covid-19 outbreak, the number was 800,000 tons for 2018 and 2019.
With the accelerated development of the domestic cotton textile industry in recent years, adjusting
the nation’s cotton import plan according to actual demand has increasingly become a common
measure for the industry to adapt to new changes in international markets.
Firstly, this measure is conducive to the domestic textile industry to improve the supply structure
of raw materials. In order to meet the needs of the middle and high-end market, the domestic
textile industry, especially garment export firms have need to expand cotton imports. Given the
accelerated recovery of the global economy in the post-epidemic era, the demand for textile
products has also increased, so the demand for cotton will likely continue to show an increasing
trend.
Second, expanding cotton imports can reduce the cost for domestic textile enterprises and enhance
their international competitiveness. Currently, international cotton has an apparent price
advantage compared with Chinese cotton. To expand cotton imports will reduce the costs for
companies manufacturing middle and high-end products. By narrowing down the price gap
between domestic and foreign market, the competitiveness of textile exporting companies will be
largely strengthened.
The US cotton ban on Xinjiang cotton has however impacted textile export industries and market
sentiment to some extent.

VIETNAM COTTON - YARN MARKET REPORT - JUL 2021 ISSUE

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