Competition intensifies, Vietnam’s yarn exports decline month-on-month
According to Vietnam Customs statistics, Vietnam exported 116,200 tons of yarn (including chemical fiber yarn, but mainly pure cotton yarn) in October, a month-on-month decrease of 6,700 tons (↓5.43%). Vietnam’s yarn exports have rarely seen a month-on-month decline. The main reason is that the competitiveness of Indian yarn in the international market has rebounded since August. After August, India’s cotton yarn exports have rebounded sharply, replacing Vietnamese cotton yarn in the international market, especially the Chinese market, resulting in orders for Vietnamese cotton yarn. Volume has declined. Competition intensifies, Vietnam’s yarn exports decline month-on-month
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