In 2023, cotton garment exports lagged far behind those of chemical fiber garments.


Due to weak demand in major global markets and supply chain adjustments, among other unfavorable conditions, China's cumulative clothing exports in the first six months of this year totaled US\$76.8 billion, a year-on-year decrease of 4.1%. However, Chinese clothing companies have stabilized their export volume by actively expanding into emerging markets and creating new trade models. Compared to the pre-pandemic period, China's clothing exports remain at a historically high level.
  So far this year, China's woven clothing exports have outperformed its knitted clothing exports. "Woven clothing manufacturing is relatively complex, with higher product added value. The degree of industrial transfer to other countries is lower than that of knitted clothing, and the export volume and growth rate are both better than knitted clothing," said a relevant person in charge of the China Chamber of Commerce for Import and Export of Textiles and Apparel's clothing branch.
  Data shows that from January to June 2023, China's woven clothing exports totaled US\$33.76 billion, a slight decrease of 0.1% year-on-year; the export volume was 6.16 billion pieces, down 2.1% year-on-year; and the export price increased by 2% year-on-year. Knitted clothing exports totaled US\$33.3 billion, down 7.9% year-on-year; the export volume was 9.98 billion pieces, down 6.3% year-on-year; and the export price decreased by 1.8% year-on-year. Clothing accessory exports totaled US\$7.39 billion, up 2.6% year-on-year.
  China's chemical fiber clothing exports have far surpassed cotton clothing exports and continue to grow, while cotton knitted and woven clothing exports have both declined year-on-year. Data shows that from January to June 2023, China's chemical fiber knitted clothing exports totaled US\$16.28 billion, a slight decrease of 2.6% year-on-year; chemical fiber woven clothing exports totaled US\$19.48 billion, an increase of 4.2% year-on-year; cotton knitted clothing exports totaled US\$12.9 billion, down 15.2% year-on-year; and cotton woven clothing exports totaled US\$10.59 billion, down 4.5% year-on-year.
  In addition, in the first six months of this year, exports of men's suits and casual suits increased by 7.6% year-on-year, scarves/ties/handkerchiefs increased significantly by 20.1% year-on-year, and bras and socks both increased slightly by 1% year-on-year. Other major clothing categories saw year-on-year declines of varying degrees, with sweaters, underwear/sleepwear, sportswear, and infant clothing experiencing larger declines of 12%, 9.1%, 9.9%, and 21.9% year-on-year, respectively.
 

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.


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.


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.


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.