U.S. apparel imports grew year-on-year from January to October 2024
From January to October, clothing demand in some developed economies continued to recover, with imports showing year-on-year growth after a period of decline. United States Imported clothing totaled US$77.86 billion, a year-on-year increase of 0.9%. Japan Imports totaled US$20.95 billion, a year-on-year decrease of 3.7%. South Korea Imports totaled US$11.19 billion, a year-on-year increase of 1.7%. Australia Imports totaled US$7.38 billion, a year-on-year increase of 2.2%. Canada Imports totaled US$10 billion, a year-on-year decrease of 1.6%. From January to September, European Union Imports totaled US$72 billion, a year-on-year decrease of 1.6%. United Kingdom Imports totaled US$14.88 billion, a year-on-year decrease of 8.3%.
In terms of October's import figures, developed countries generally showed import growth, with the United States, Japan, South Korea, Canada, Australia, and Switzerland seeing increases of 20.5%, 5.4%, 12.5%, 5.2%, 17.5%, and 17.5%, respectively. In September, EU imports showed a year-on-year growth of 17.1%
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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