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Textiles

Sluggish demand shrinks cotton imports

21 Jul '06
1 min read
Cotton consumption in South Korea has dropped considerably in 2006, causing the demand for import to go down as well.

During August 2005 - June 2006 period, the imports were pegged at 930,447 bales (480-pound), representing a year-on-year fall of 23.5 percent.

June 2006 alone recorded a decline of 22.4 percent as compared to the same month last year, with imports reaching 91,759 tons.

Although recording a drop of 35.6 percent, US remained the top supplier with 406,134 bales (480-pound), with 38,307 bales in June.

Australia took the second place with 212,663 bales (480-pound) and 18,881 bales in June.

However, imports from Brazil and India surged 51.1 and 51.5 percent at 143,044 bales (480-pound) and 25,196 bales, respectively.

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