China's yarn imports surged year-on-year in the first four months of 2024

From January to April 2024, China imported $1.89 billion worth of yarn, a year-on-year increase of 21.8%, with an import volume of 677,000 tons, a year-on-year increase of 31.2%. Yarn imports boosted textile imports by 10.2 percentage points and textile and apparel imports by 5.2 percentage points. In April alone, China imported $460 million worth of yarn, a year-on-year increase of 2.2%, with the growth rate slowing down.
In terms of major product categories, from January to April 2024, imports of cotton yarn reached $1.33 billion, a year-on-year increase of 24.9%, with an import volume of 549,000 tons, a year-on-year increase of 33.4%; imports of chemical fiber reached $480 million, a year-on-year increase of 16.8%; imports of silk yarn and wool/animal yarn were $1.024 million and $50 million respectively, with year-on-year growth of 30.3% and 9.7%. Cotton yarn accounts for 70% of China's total yarn imports.
In terms of import sources, the top five sources of imported cotton yarn are all from Asia, accounting for 90% of the total. From January to April 2024, imports from the top five sources of cotton yarn all increased significantly. Imports from Vietnam reached 249,000 tons, a year-on-year increase of 26.3%, accounting for 45.3% of total cotton yarn imports, with an import value of $630 million, a year-on-year increase of 21.6%, accounting for 47.5% of total imports. Imports from Pakistan, Uzbekistan, India, and Malaysia increased by 39.9%, 76.4%, 13.9%, and 21% respectively.
It is worth mentioning that imports of cotton yarn from Uzbekistan increased significantly in the first quarter. This is because: firstly, compared to cotton yarn from India and Pakistan, Uzbekistan's cotton yarn has a higher price-performance ratio; secondly, since 2024, shipping costs have increased significantly. Compared to importing cotton yarn from India and Pakistan, Uzbekistan's yarn is mainly cleared through the Xinjiang border, which has the advantages of lower freight costs and timely transportation; thirdly, the price of cotton yarn from Uzbekistan is relatively low; fourthly, Chinese companies have invested in factories in Uzbekistan, and the return flow of cotton textiles and other products has increased significantly.

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China's cotton cloth exports in the first four months of 2024 decreased year-on-year.

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US apparel retail growth in April 2024

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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