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World South Korea Fiber Report 2010

PREFACE
The “World Fibre & South Korea – Trends in Demand and Supply” is the Sixth annual compendium in a series from YarnsandFibers covering the trends in global demand and supply of textile fibre/filament industry. In this Report we have captured the trends seen in 2009 post the global crisis which had se-verely impacted textile fibre/filament industry including natural fibres, particularly cotton. The analysis assesses the positions of fibres/filaments industry as events unfolded. The Report’s 21 pages are richly annotated with authoritative and unbiased objective description, and hard-to-find statistical facts. The report also provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets and projections upto 2015 of availabil-ity and demand for all fibres. The Report is divided into two sections: Fibre-wise View and Region/Country wise View. The first section covers World production of manmade and natural fibers for the period 1990 to 2009. The second section covers details on South Korea. Tabulation includes volumes of capacity, produc-tion, export, import and apparent consumption, along with CARGs for the periods 1990-2000, 2000-2008 and the growth rate in 2009. The report will be useful at all levels of decision makers and particularly, handy for textile corporate and business planner. The data on manmade fibre and natural fibre is available in myriad of sources. We have collated the data from best and authentic sources after verifying the same with industry peers. In our endeavour to serve our clients, we shall release the next report in 2011 with updated data for 2010 and also in-corporating projections over the period of next five years. A brief note on the foreign trade statistics covered in this report. There has been a mismatch between total volume of import and export of a commodity for a given year. This imbalance arise from the fact that, (1) Not all the countries report their trade data, and (2) The data source tracks select members countries only. For example, India’s export of polyester staple fibre to Angola (India’s export volume is counted in total exports), and in case Angola has not reported its trade data at all due to various rea-sons, it’s import will remained excluded from total import volume.
HIGHLIGHTS
South Korea ranked eighth in terms of fibre/filament production in 2008 and was ninth largest consumer. It was fourth largest producer of polyester filament yarn and fifth largest in nylon and polyester staple. During the year, it produced ….. million tons of manmade fibre/filament accounting for 2.1% of global supplies. Manmade fibre/filament production in South Korea declined 7.7% in 2008 with all major fibre type recording significant downfall. PSF production was down 11% while ASF output fell 17%. Nylon production was down 9% and that of PFY decreased 4%. However, these declines were in line with the trend between 2000 and 2007. Not only production capacities too declined in similar proportions. Thus South Korea, which largely depended on China for export market, this declines are explicable since China’s domestic capacity built-up has been ramping up rapidly substituting imports to a great extent.


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