The quantity of dyed and printed fabric exported from China in 2024 showed year-on-year growth.
According to China Customs statistics, from January to December 2024, China's eight major categories of dyed products Export volume reached 33.534 billion meters, a year-on-year increase of 7.53%, with the growth rate increasing by 5.09 percentage points compared to the first three quarters; Export value reached US$31.295 billion, a year-on-year increase of 3.88%, with the growth rate increasing by 3.89 percentage points compared to the first three quarters; Average export unit price was US$0.93/meter, a year-on-year decrease of 3.39%, with the decrease widening by 1.00 percentage points compared to the first three quarters. In the fourth quarter, with the arrival of major holidays such as Thanksgiving and Christmas abroad, overseas textile and apparel inventory replenishment demand gradually released, and the international market's demand for China's dyed fabrics increased. At the same time, affected by the US government's potential additional tariffs on Chinese exports, Chinese textile and apparel companies actively adjusted their foreign trade rhythm, and the "rush for exports" effect further pushed up the growth rate of dyed product exports in the short term.
For the whole year, despite weak international market demand and high risks in the global trade environment, China's dyeing industry still has significant competitiveness in the international market due to its advantages in industrial chain, scale, technology, talent, and products. The export volume of China's eight major categories of dyed products reached a new high in 2024 after exceeding 30 billion meters for the first time in 2023, demonstrating strong resilience in the industry's exports. However, it is worth noting that the average export unit price of major dyed products continued its downward trend since 2023, falling to its lowest level in nearly 15 years in 2024, reflecting the slow recovery of international market demand and the mismatch between supply and demand, leading to further intensification of export competition in the industry, due to the impact of the global economic situation.
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.
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