The home textile industry's domestic market saw steady growth in the first half of 2024.

In the first half of this year, with China's economy continuing to recover, the relationship between market supply and demand has improved, and price levels have risen moderately. Supported by the country's pro-consumption policies, residents' income and consumer confidence have gradually stabilized. According to data from the National Bureau of Statistics, the consumer price index (CPI) rose by 0.1% year-on-year in the first half of the year, and by 0.3% in the second quarter. With the growing health-conscious consumption habits of domestic consumers towards home textile products and the industry's active promotion of new consumption highlights such as "big health" and "sleep aid", the domestic home textile market in the first half of the year has generally been stable and improved. According to calculations by the National Bureau of Statistics, the domestic sales output value of large-scale home textile enterprises increased by 3.54% year-on-year in the first half of the year (Figure 1). According to the statistics of the association from 244 home textile sample enterprises involved in domestic sales, 65.98% of the enterprises achieved year-on-year growth or remained flat in domestic sales in the first half of the year, of which 54.5% achieved year-on-year growth; 11.47% maintained a flat level, and the year-on-year growth of domestic sales output value was 8.96%.
From the perspective of sub-categories, the domestic sales of bedding, textiles, and towels, the three major sub-sectors, all maintained positive growth in the first half of the year.
Textile domestic sales performed better than the industry average. According to calculations by the National Bureau of Statistics, the domestic sales output value of large-scale textile enterprises increased by 10.92% year-on-year in the first half of this year, which is higher than other major sub-sectors; textile enterprises and clusters tracked by the association also showed this characteristic. The 94 textile sample enterprises tracked by the association showed a year-on-year increase of 17.66% in domestic sales output value in the first half of the year, with 66% of enterprises achieving positive growth in domestic sales output value; the year-on-year growth of domestic sales in three important textile industrial clusters was 14.14%.
The bedding industry maintained stable growth in domestic sales, but pressure from traditional supermarket channels increased. According to data from the China National Commercial Information Center, the retail sales of textiles in major national retail enterprises decreased by 8.6% year-on-year in the first half of the year, with bedding retail sales decreasing by 13.2% year-on-year, while new retail marketing models such as online group buying have played a role in ensuring the effectiveness of enterprises. The bedding industry as a whole maintained stable growth. According to calculations by the National Bureau of Statistics, the domestic sales of large-scale bedding enterprises increased by 4.76% year-on-year in the first half of the year; the domestic sales output value of 110 backbone bedding enterprises tracked by the association increased by 10.81% year-on-year in the first half of the year, with over 50% of enterprises achieving growth; and major bedding industrial clusters increased by 7.71% year-on-year in the first half of the year.
The domestic sales environment for the towel industry is becoming cautious. The domestic sales of large-scale towel enterprises increased slightly by 0.55% year-on-year in the first half of the year, and the domestic sales of 73 towel sample enterprises tracked by the association remained flat and increased slightly by 0.04% year-on-year. Enterprises are adjusting their production structure, minimizing inventory, reducing current production costs and employee wages to ensure effective operation. However, due to the impact of seasonal consumption patterns of products, enterprises are still quite optimistic about sales in the second half of the year.

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Growth in bedding exports in the first half of 2024, decline in towel exports

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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