Yarn and Fabric Trade Korea's cotton yarn imports are forecast at 191,000 mt in CY 2006 up slightly from CY 2005's 186,933 mt largely attributed to the reduced domestic capacity as a result of the factory fire. In CY 2005, India, Pakistan and China accounted for 85.4 percent of cotton yarn imports in Korea.
Increased cotton yarn imports in 2005 were mainly consumed by the knit apparel manufacturing sector for exporting. Imported cotton yarn in 2005 accounted for about 43 percent of total cotton yarn consumption in Korea.
On the other hand, cotton yarn exports are expected to decrease in 2006 due to reduced yarn production and strong Korean won exchange rate against the US dollar.