China's home textile exports maintained an upward trend in 2024

According to incomplete statistics, global imports of major home textile markets totaled US\$44.62 billion this year, down 8.1% year-on-year, indicating significant fluctuations in international market demand. Against this backdrop, China's home textile exports maintained a good growth momentum from January to December, with a total export value of US\$34.44 billion, up 5.4% year-on-year, accounting for 11.4% of the country's total textile and apparel exports, a slight increase in market share. This year, the home textile industry has shown strong performance among the various sub-sectors of China's textile and apparel exports, with a growth rate 2.6 percentage points higher than the national average for the same period.
Bedding, carpets, blankets, kitchen and bath textiles, curtains, towels, and tablecloths are the main export categories for China's home textiles. From January to December, except for a significant decline in towel exports and basically flat exports of blankets, other products saw positive growth to varying degrees. Specifically, bedding exports reached US\$14.69 billion, up 6.3%; carpet exports reached US\$4.39 billion, up 9.6%; blanket exports reached US\$4.4 billion, down 0.02%; kitchen and bath textile exports reached US\$3.22 billion, up 10.3%; curtain exports reached US\$3.04 billion, up 8.4%; tablecloth exports reached US\$0.87 billion, up 10.7%; and other products exports reached US\$1.89 billion, up 6.2%.
From January to December, towel exports amounted to US\$1.95 billion, a significant decrease of 10.6%. The main reasons are: firstly, exports to ASEAN, the largest market, continued to decline sharply by 24%, with exports to Thailand and the Philippines falling by 33.7% and 26.9% respectively; and secondly, exports to Russia also plummeted by 46.7%.

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2024 year-on-year growth in imported home textile products from Europe and America

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Global manufacturing PMI continued to rise in January 2025

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

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.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

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.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

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.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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