In 2009, the international financial crisis continued, China's textile and garment exports fell, demand for import cotton reduced, all year a total of 1.53 million tons were imported, down by nearly 30% from last year. Year later, the State released additional quota of 400,000 tons for processing trade to ensure the domestic market supply, at that time the textile industry was rebounding, domestic supply was reducing, prices continued rising, import volume gradually increased and to some extent alleviate the domestic market structural deficiency. Cotton prices of import continued rebounding since the second half year, after September rising speed was faster, but the annual average price still below the previous year, at 1,654 U.S. dollars / ton, down by 16.3%. In the past two years, the import original country trend to scatter, U.S. proportion continued decreasing, India also declined, the two countries combined 62%, down by nearly 14 percentage from previous year, and Uzbekistan, Australia, Burkina Faso, Brazil proportion have improved significantly. By the end of 2009, in order to ensure the cotton textile industry needs, the related departments issued 2010 tariff quota of 894,000 tons and additional 1 million tons sliding tax quotas, import volume in 2010 is expected to increase.
In December, the third band reserve-out successful end, textile enterprices raw material source shift to import cotton from reserve-out, combined with the quota expiration, the month import volume substantial growed, import prices also hit a new year high. Uzbek and India cotton have obvious advantages in price, the shares have rapid growth, in which Indian cotton share was more than 50%.
According to the statistics of General Administration of Customs, China imported 217,000 tons raw cotton in December 2009, a year high, sharply up by 92% from last month, up by 28.7% year-on-year.
In 2009, China import cotton 1.527 million tons, down by 27.7% compared with last year.
All the trade style import volume rised. Among them the Processing with Imported Materials proportion continued decreasing, but still a main style; the Bonded Warehouse Re-export Goods and the Bonded Warehouse Exit and Entry Goods rise sharply, together over 50%. In December, the Bonded Warehouse Re-export Goods account for 37.9%, up by 5.6 percentage points from last month; the Processing with Imported Materials accounts for 37.3%, the proportion down by 19.3% from last month; the Bonded Warehouse Exit and Entry Goods account 19.07%, the Ordinary Trade import and the Processing with Supplied Materials are 4.8% and 0.96%.
The trade style average price is 1,640 dollar/ton, up by 8.6% from last month. All style increase except the Ordoinary Trade. But the Ordinary Trade still is the highest at 1,679 US dollar/ton, down by 4.3% from last month; the lowest is the Bonded Warehouse Re-export Goods at 1,618 dollar/ton, up by 8% form last month.
On the origin country, the quantity from India continued rising, the proportion has been over 50%, become the No.1; U.S.A. decline slightly, Africa decreased lightly. In December, China import India cotton 118,000 tons cotton or 54.5% of the imported total amount, up by 12.5 percentage from last month; U.S.A. 16.1%; Uzbek 5.1%; Africa 13%.
On the price, all have rised, among them the USA still is the highest at 2,055 dollars / ton. Pakistan the lowest at 1,462 dollars / ton, India at 1,554 dollars / ton.