China's clothing exports from January to August 2024 showed year-on-year growth in volume.
According to China Customs statistics, From January to August, China's cumulative export of clothing (including clothing accessories, the same below) reached US\$1048.5 billion, a slight decrease of 0.8% year-on-year. In August, exports reached US\$157.3 billion, down 2% year-on-year, narrowing the decline from July by 1.6 percentage points.
Clothing Export Situation
Exports continue the trend of increasing volume and decreasing price
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From January to August, the year-on-year growth rate of exports of both knitted and woven garments exceeded 12%, but the year-on-year decrease in unit price was significant. Knitted Garments Exports reached US\$479 billion, an increase of 3.1% year-on-year; export volume reached 15.46 billion pieces, an increase of 12.5% year-on-year; export prices decreased by 8.3% year-on-year. Woven Garments Exports reached US\$433 billion, a decrease of 4.8% year-on-year; export volume reached 9.17 billion pieces, an increase of 12.7% year-on-year; export prices decreased by 15.5% year-on-year. Clothing Accessories Exports reached US\$102.8 billion, a decrease of 2.9% year-on-year. This year, clothing exports continued the trend of "increasing volume and decreasing price". From the August data, the price decline has widened compared to previous months. In August, the unit prices of knitted and woven garments fell by 11.2% and 18.1%, respectively.
Significant Growth in Knitted T-shirt Exports
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From January to August, exports of shirts and underwear maintained rapid growth, Among them, exports of knitted T-shirts increased significantly by 29% (mainly driven by exports to Kazakhstan, with a significant increase of 572% year-on-year in exports of knitted T-shirts to Kazakhstan from January to August). Exports of shirts, underwear/sleepwear, bras, and infant clothing increased by 9.9%, 8.5%, 6.9%, and 3.4%, respectively. Exports of outerwear saw a significant decline. Exports of coats/winter clothing and suits/casual suits decreased by 19.6% and 12.7%, 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
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Email：tongzhou@tongzhoucotton.com
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