China's home textile exports grew year-on-year from January to August 2024
From January to August this year, China's home textile exports totaled US$22.21 billion, a year-on-year increase of 4.5%, accounting for 11.2% of the country's total textile and apparel exports. Since the beginning of this year, the home textile industry has shown the strongest performance among the sub-sectors of China's textile and apparel exports, with a growth rate 5.3 percentage points higher than the national average for textile and apparel exports during the same period.
Major sub-categories show steady export growth
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Bedding, carpets, bedspreads, kitchen and bathroom textiles, curtains, towels, and tablecloths are the main sub-categories of China's home textile exports. In the first eight months, except for a significant decline in towel exports, all other products saw positive growth to varying degrees. Specifically, bedding exports reached US$9.53 billion, an increase of 5.6%; carpet exports reached US$2.84 billion, an increase of 7.6%; bedspread exports reached US$2.56 billion, an increase of 0.2%; kitchen and bathroom textile exports reached US$2.15 billion, an increase of 9.5%; curtain exports reached US$2.02 billion, an increase of 8.1%; tablecloth exports reached US$0.59 billion, an increase of 9.9%; and other products exports reached US$1.24 billion, an increase of 6.2%.
In the first eight months, towel exports amounted to US$1.29 billion, a significant decrease of 14%. The main reasons are: firstly, exports to ASEAN, the largest market, plummeted by 32.3%, with exports to Thailand and the Philippines falling by 41.7% and 43.2% respectively; and secondly, exports to Russia also sharply decreased by 42.4%.
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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