Bangladesh garment exports fell in December

In the first 21 days of December, Bangladesh's garment exports saw a year-on-year decrease of 2.15%.
 
Statistics released by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) show that in the first three weeks of December, ready-made garment exports fell from $2.54 billion in the same period last year to $2.49 billion.
 
BGMEA is a rare trade body in South Asia that closely monitors its members' exports daily. Statistics indicate that ready-made garment exports were negative on 13 out of 21 days in December, and positive on 8 days. An interesting statistic in this regard is that ready-made garment exports saw a single-day increase of 327% and a decrease of 51% on another day.
 
After a long period of growth in the first 13 months, garment export earnings saw a sudden drop in September. It then rebounded in October and November this year, as some buyers received delayed shipments during that period.
 
Industry insiders say that a slowdown in garment shipments is highly likely this year, as most factories have received fewer orders compared to previous years. They fear that this decline may continue until May 2023 because buyers are not offering commercially viable prices.
 
Exporters are concerned that December's performance signals a bearish trend for the coming months. They have called for support from the central bank. The central bank has said that regular loans due in the September-December quarter of this year will not be classified as non-performing if 50% of the installments are paid on time. The remaining half of the installments must be paid within one year after the loan matures. However, garment factory owners say they need time until June next year to repay the outstanding amounts.

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Global clothing trade in 2023 is expected to see slight growth

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India's textile and apparel exports declined in November 2022

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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