China's yarn imports saw a widening decline in June.
January-June 2024 During this period, I imported US$2.73 billion worth of yarn, a 7.9% year-on-year increase, with an import volume of 964,000 tons, a 14.3% year-on-year increase. Yarn imports boosted textile imports by 3.7 percentage points and textile and garment imports by 2 percentage points. In June alone I imported US$410 million worth of yarn, a 17.9% decrease year-on-year.
From the perspective of major product categories From January to June 2024, imports of cotton yarn totaled US$1.88 billion, a 6.6% year-on-year increase, with an import volume of 775,000 tons, a 14.2% year-on-year increase; imports of chemical fiber totaled US$720 million, a 11.6% year-on-year increase; imports of silk yarn and wool/animal yarn were US$1.434 million and US$80 million respectively, with year-on-year growth of 32.2% and 16.1%. Cotton yarn accounts for 70% of China's total yarn imports.
From the perspective of import sources The top five sources of imported cotton yarn are all from Asia, accounting for 90% of the total. From January to June 2024, imports from the top five sources of cotton yarn increased except for India. Imports from Vietnam reached 374,000 tons, a year-on-year increase of 11.1%, accounting for 48.2% of total cotton yarn imports, with an import value of US$950 million, a year-on-year increase of 6.2%, accounting for 50.3% of total imports. Imports from Uzbekistan and Malaysia increased by 74.8% and 25.3% respectively, while imports from Pakistan and India decreased by 2.9% and 14.2% 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 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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
Contact
Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
Mobile
CopyRight © 2025 Henan Tongzhou Cotton Industry Co., Ltd.