China's cotton cloth exports decreased from January to August 2024
Driven by recovering demand from Europe and the US, my fabric exports to Southeast Asia have resumed growth.
Asia is the main market for my fabric exports. From January to August 2024, my cumulative fabric exports to Asian countries reached US$30.12 billion, accounting for 67.4% of total fabric exports. Among the top ten export markets, Asian markets accounted for seven.
From January to August, exports to Myanmar, Nigeria, and Mexico among the top ten markets decreased by 4.3%, 17.8%, and 6.9% respectively, while the rest maintained growth. Among them, exports to Bangladesh, Cambodia, and the UAE showed significant growth, increasing by 19.4%, 33.9%, and 15.7% respectively.
Exports of chemical fiber woven fabrics rebounded, while cotton fabric exports declined.
In terms of major product categories, from January to August, exports of chemical fiber woven fabrics and cotton fabrics totaled US$19.1 billion and US$6.22 billion respectively, with a growth of 2.0% and a decline of 5.0% respectively. Exports of silk woven fabrics amounted to US$0.21 billion, down 16.8%; exports of wool and animal hair woven fabrics amounted to US$0.22 billion, up 5.6%.
Among the top five exporting provinces and cities, fabric exports from Shandong and Fujian decreased.
The Southeast coastal region is the main area for fabric exports. Zhejiang, Jiangsu, Guangdong, Fujian, and Shandong, the top five exporting provinces, account for over 85% of the total. Exports from Zhejiang, Jiangsu, and Guangdong increased by 4.8%, 12.6%, and 13.8% respectively, while Shandong and Fujian decreased by 11.6% and 4.1% 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.
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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
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