Year-on-year growth of Chinese home textile exports from January to September 2024
From January to September this year, China's home textile exports totaled US\$25.2 billion, a year-on-year increase of 3.7%, accounting for 11.3% 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 various sub-sectors of China's textile and apparel exports, with a growth rate 3.1 percentage points higher than the national average for textile and apparel exports during the same period.
Bedding, carpets, blankets, kitchen and bathroom textiles, curtains, towels, and tablecloths are the main sub-categories of China's home textile exports. In the first nine months, except for a significant decline in towel exports and a slight decrease in blanket exports, other products saw positive growth to varying degrees. Specifically, bedding exports reached US\$10.78 billion, up 4.6%; carpet exports reached US\$3.19 billion, up 7.4%; blanket exports reached US\$3.1 billion, down 0.8%; kitchen and bathroom textile exports reached US\$2.38 billion, up 8.4%; curtain exports reached US\$2.25 billion, up 7.2%; tablecloth exports reached US\$0.66 billion, up 9.6%; and other products exports reached US\$1.39 billion, up 5.3%.
In the first three quarters, towel exports amounted to US\$1.44 billion, a significant decrease of 14%. The main reasons are: firstly, a continued sharp decline of 30% in exports to ASEAN, the largest market, with exports to Thailand and the Philippines falling by 40.2% and 38.3% respectively; and secondly, a sharp drop of 44.4% in exports to Russia.
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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