In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
In 2024, China's dyeing industry experienced rapid export growth to ASEAN and RCEP member countries Export volume showed faster growth than overall export levels, but also presented a trend of "increased volume, decreased price". From January to December, China's eight major categories of dyed products exported to ASEAN reached a volume of 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 unit price was $1.19/meter, a year-on-year decrease of 2.75%, a smaller decrease than the overall level by 0.64 percentage points. For RCEP member countries, reached a volume of 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 unit price was $1.17/meter, a year-on-year decrease of 2.79%, a smaller decrease than the overall level by 0.60 percentage points.
In 2024, China's dyeing industry's top ten export destinations total export volume reached 14.475 billion meters, a year-on-year increase of 8.52%, accounting for 43.16% of total exports, indicating a relatively high export concentration. Among the top ten countries, only exports to Russia decreased slightly by 2.38%, while exports to other countries increased to varying degrees. Among them, exports to Cambodia increased significantly by 41.32% year-on-year, and Cambodia replaced Pakistan to enter the top ten export destinations for the first time. Exports to Vietnam and Bangladesh increased by more than 20%, mainly because as major clothing demand countries began to replenish their inventories, these two countries, as important global textile and garment exporters, showed a significant increase in demand for dyed fabrics from China. Export growth to Nigeria, Indonesia, Myanmar, and the Philippines lagged behind the overall level, while exports to Pakistan decreased significantly by 27.71% year-on-year, and Pakistan's export ranking dropped to 11th place. Myanmar was the only country among the top ten to achieve a simultaneous increase in both volume and price.
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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Email：tongzhou@tongzhoucotton.com
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