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Wool usage to produce yarn climbs

12
Aug '05
Korea's wool usage at spinning stage, in yarn production was up in first quarter 2005, compared with same period of last year.

This was mainly due to a surge in wool top imports from China, which took over from Australia as the principal supplier to domestic worsted spinners.

Although representing some improvement in industrial activity the results are some way off the levels achieved just 3 years ago when first quarter 2002 wool usage was double the first quarter 2005 levels.

At manufacturing stage (also taking into account net yarn and fabric trade) wool demand results were similar to the previous year.

Wool yarn and fabric import volumes were static, although exports of worsted yarn and worsted fabric both improved, reflecting the ongoing situation of supplying domestically produced knitting yarn and woven fabric for manufacture in China and subsequent re-import as finished produce.

Wool demand at retail for first quarter 2005 was also moderately improved, while the level of imported finished wool apparel showed little change and exports fell dramatically in first quarter (mainly menswear).

Australian Wool Innovation Ltd.


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