China's terry cloth exports significantly decreased from January to November 2023

In the first 11 months of this year, China's household textile exports stabilized and rebounded, reaching a total of US\$300.9 billion. This represents a slight decrease of only 0.2% year-on-year, and a 17.3% increase compared to the same period in 2019 before the pandemic. Against the backdrop of a general weakening in textile and apparel exports this year, home textiles have shown the most robust export performance among all major textile and apparel categories. Since August, there have been three months of year-on-year positive growth in monthly exports, which is quite an achievement. Exports to traditional markets such as the US and Europe have gradually recovered, while exports to emerging markets have remained stable, further establishing a trend of stabilization.
From January to November, except for a significant decline in towel exports, other major product categories showed positive growth or a small decline. Specifically, bedding exports reached US\$127.2 billion, down 1.5% year-on-year; blanket exports reached US\$40.8 billion, down 0.3%; carpet exports reached US\$36.6 billion, up 4.6%; bathroom and kitchen textile exports reached US\$26.7 billion, up 8.4%; curtain exports reached US\$25.9 billion, down 1.6%; towel exports reached US\$20.1 billion, down 7.8%; tablecloth exports reached US\$7.3 billion, up 3.8%; and other products exports reached US\$16.3 billion, down 2.7%.
The main reason for the decline in towel exports is a significant drop of 20.3% in exports to ASEAN, China's largest export market for towels. Specifically, exports to Thailand decreased by 24.3%, and exports to the Philippines decreased by 32.6%.

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China's cotton garment exports in Jan-Nov 2023 saw a significant year-on-year decrease.

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EU clothing imports in January-October 2023 saw a significant year-on-year decrease.

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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