In 2022, both the volume and price of China's home textile exports fell.

In 2022, the global economic downturn, weak consumption, and the disappearance of the benefits of order repatriation put pressure on the production and operation of enterprises, and the downward trend of China's textile product exports was obvious. According to China Customs statistics, China exported a total of US$46.048 billion worth of textile products in 2022, a year-on-year decrease of 3.85%; among them, the export volume decreased by 8.42% year-on-year, the unit price increased by 4.99% year-on-year and remained at a high level, and the year-on-year growth rate of the monthly export value narrowed month by month. Since August, the month-on-month growth rate has continuously narrowed, and the decrease in volume and increase in price have gradually increased the pressure on foreign trade enterprises.
From the perspective of major export markets, the developed economies such as the US, Europe, and Japan have further shown signs of fatigue. According to data from Chinese Customs, in 2022, China's exports of textile products to the US, Europe, and Japan decreased by 16.85%, 14.19%, and 5.44% year-on-year, respectively. The emerging ASEAN market maintained overall stable growth. In 2022, China's exports of textile products to the ASEAN market totaled US$8.2 billion, a year-on-year increase of 13%, with the volume increasing by 8.28% year-on-year and the unit price increasing by 4.35% year-on-year.

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Pakistan's cotton yarn and fabric exports fell sharply in January 2023

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In 2022, both the production and export of garments in Guangdong Province decreased.

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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