In 2024, with the gradual effect of national policies to promote consumption and the continuous innovation of business models to stimulate market vitality, domestic consumption of textile and garment commodities in China has achieved moderate growth, but affected by the macroeconomic slowdown, the growth rate of various domestic sales indicators has slowed down compared with the previous year. In the whole year, the per capita clothing consumption expenditure of Chinese residents increased by 2.8% year-on-year; The total retail sales of clothing, shoes, hats and textile products above designated size increased by 0.3%, 12.6 percentage points lower than that of the previous year. Online retail sales of clothing products increased by 1.5% year-on-year, down 9.3 percentage points from the previous year.

In 2024, the international market demand is generally weak, the trade environment risks are high, and the foreign trade situation of the textile industry is more severe, but China's textile industry continues to deepen the transformation and upgrading of foreign trade, and the international competitiveness is steadily released, and exports achieve positive growth throughout the year. Among them, due to concerns about the risks of the Sino-US trade environment, some enterprises "grabbed exports" in the fourth quarter, leading to faster export growth in the quarter. According to China Customs Express data, in 2024, China's textile and apparel exports totaled 301.1 billion US dollars, an increase of 2.8%. Among them, textile exports were 141.96 billion US dollars, an increase of 5.7%, and clothing exports were 159.14 billion US dollars, an increase of 0.3%. China's textile and garment exports to the main markets are generally good, but the performance is differentiated, and the export growth trend is good for major trading partners such as the United States, the European Union, and ASEAN, and the export growth is negative for Japan, Turkey, Russia and other markets.

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