Weak US clothing demand in November

In November, the US Consumer Price Index (CPI) rose 7.1% year-on-year, a decrease of 0.6 percentage points from the previous month. This marks the fifth consecutive month of decline since inflation peaked at 9.1% in June, indicating some easing of inflationary pressures. In the same month, total US retail sales reached $689.4 billion, a month-on-month decrease of 0.6%, the largest drop in 11 months. During the same month, US apparel (including footwear) retail sales reached $26.35 billion, a 0.2% month-on-month decrease and a 0.7% year-on-year increase, indicating weak demand in the apparel market.
In October, Canada's CPI rose 6.9% year-on-year, unchanged from September's increase. During that month, total retail sales in Canada increased by 6.4% year-on-year; sales of apparel reached CA$2.5 billion (approximately US$1.85 billion), a slight 0.7% month-on-month decrease but a 6.2% year-on-year increase.
Data released by Eurostat shows that the Eurozone's inflation rate fell from 10.7% in the previous month to 10.1% in November, the first decrease in a year and a half, influenced by the slowdown in energy price increases. Looking at individual countries, 11 of the 19 Eurozone member states had double-digit inflation rates that month, indicating that overall inflation levels remain high.
In October, total retail sales in the 27 EU countries fell by 2.4% year-on-year and 1.7% month-on-month; retail sales in the 19 Eurozone countries fell by 2.7% year-on-year and 1.8% month-on-month, the largest decrease this year. A senior economist at ING Group stated that the decline in Eurozone retail sales is unlikely to reverse quickly. High inflation and a significant drop in real wages in many Eurozone countries during the third quarter have dampened consumer sentiment, making it difficult to reverse the downward trend in the retail market in the coming months.
France's inflation rate climbed to 6.2% in October, with household energy costs squeezing apparel spending. In the same month, overall retail sales in France fell by 5.9% year-on-year; retail sales of textiles, clothing, and leather goods reached €4.11 billion (approximately US$4.38 billion), down 2.8% year-on-year.
In October, Germany's inflation rate rose to a record 10.4%, with overall retail sales down 5% year-on-year and apparel retail sales down 5% year-on-year. Many German retailers are pessimistic about consumer spending during the Christmas and New Year holidays. In contrast, clothing retail sales in the Netherlands saw a slight increase of 0.1% year-on-year in October.
In November, the UK CPI rose by 10.7% year-on-year, down from a high of 11.1% in the previous month. Textile, clothing, and footwear sales in the UK reached £4.14 billion (approximately US$4.98 billion) in the month, up 6.4% year-on-year and 2.1% month-on-month, marking a turnaround from negative growth.

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Global service trade will continue to weaken in the first half of 2023.

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Most foreign brand clothing companies have seen a decline in performance

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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