In 2023, Douyin e-commerce contributed 69% of the overall growth in the apparel category.
Eight out of the top ten countries importing clothing are developed countries and regions, whose global share decreased from 88.7% in 2005 to 67.2% in 2023. The Global South is rapidly rising, making the market more diverse. China's share of clothing imports increased from 0.6% to 1.8%; Chinese consumers contribute to 1/4 of global duty-free luxury goods consumption.
From a demographic perspective, the continuously growing global population represents market potential. By the mid-2080s, the global population will reach 10.3 billion. Low fertility rates and aging populations are spreading from Europe and the US to East Asia, urbanization is accelerating, and demographic changes are driving the transformation of consumption patterns. Currently, the proportion of GDP contributed by the silver economy in the US, UK, and Japan all exceeds 30%. The younger consumer group fosters greater market potential and vitality. In 2030, 75% of consumers in emerging markets will be aged 15-34. The compound annual growth rate of the African clothing market from 2022 to 2025 is 16.46%. Changes in consumer groups and consumption concepts are bringing about changes in consumption patterns and forms.
In 2023, Douyin e-commerce contributed 69% of the total increment in the apparel category; from 2019 to 2023, China's cross-border e-commerce exports of clothing increased from 145.5 billion yuan to 487 billion yuan.
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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