EU clothing imports fell year-on-year in January-February 2024

Macro International Monetary Fund (IMF) executives recently stated that while the European economy has shown recent improvement, the growth trend is weakening, and countries in the region face the triple challenge of curbing inflation, maintaining economic recovery, and preserving financial stability.
According to preliminary data from Eurostat, the euro area inflation rate was 2.4% in March, down 0.2 percentage points from February. Energy prices fell during the same period, and food and industrial goods prices also slowed, but service prices rose by 4%. The euro area's year-on-year CPI growth in March was 6.9%, down from 8.5% in February.
Retail The latest data from Eurostat shows that the year-on-year growth rate of the retail sales index in the 19 euro area countries in February was -0.7%, a slight increase of 0.2 percentage points compared to January, but it has been in negative growth for 17 consecutive months, and overall consumer performance remains weak.
Import From January to February, the EU imported $14.32 billion worth of clothing, a year-on-year decrease of 14.3%.
$3.93 billion was imported from China, a year-on-year decrease of 12.3%; the proportion is 27.4%, an increase of 0.6 percentage points year-on-year.
$2.71 billion was imported from Bangladesh, a year-on-year decrease of 26%; the proportion is 18.9%, a decrease of 3 percentage points year-on-year.
$1.69 billion was imported from Turkey, a year-on-year decrease of 9.4%; the proportion is 11.8%, an increase of 0.6 percentage points year-on-year.

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US wholesalers saw a decrease in clothing and apparel fabric inventories in March 2024.

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China's clothing exports in the first quarter of 2024 saw a decrease in volume and an increase in price.

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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