China's textile machinery industry faced significant pressure in the first three quarters of 2023

According to customs statistics, the total import and export value of textile machinery in China from January to September 2023 amounted to US\$5.635 billion, a decrease of 15.54% year-on-year. Of this, textile machinery imports totaled US\$2.253 billion, down 10.36% year-on-year; exports totaled US\$3.382 billion, down 18.67% year-on-year.
From January to September 2023, textile machinery was imported from 64 countries and regions, with a total import value of US\$2.253 billion, a decrease of 10.36% year-on-year.
In terms of imported product categories, chemical fiber machinery ranked first in terms of import value, with a total import value of US\$871 million, an increase of 32.03% year-on-year, accounting for 38.67% of the total imports. Except for chemical fiber machinery, other major categories showed varying degrees of decline, with non-woven fabric machinery experiencing the largest drop.
The Textile Machinery Association surveyed 111 textile machinery companies on their operating conditions in the first three quarters of 2023. The results show that businesses are generally under significant pressure. The survey found that 34.6% of companies had orders exceeding the same period last year, and 60% had a capacity utilization rate of over 80%. The primary challenge facing businesses is insufficient domestic and international market demand. Despite the impact of the overall economic downturn, the outlook for the industry in the first three quarters of 2023 is better than the outlook in the first half of the year.

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China's cotton and cotton yarn imports increased significantly year-on-year in November 2023

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Output of clothing from large-scale enterprises in Jan-Oct 2023 decreased year-on-year

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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