UK: Fur sales surge on increased Chinese demand
Global fur sales are soaring to record levels thanks to increased demand in China and South Korea.
The global fur trade was worth US$15bn last year, compared to $1.9bn in 2000, according to the International Fur Trade Federation (IFTF). This is being driven by growing demand in Asia, with Chinese imports jumping 250% in less than a decade.
The country spent $600m on North American and European fur, while sales in Russia are reaching almost $3bn a year. The value of the Chinese fur market has risen to $5.3bn as a result.
In addition, traditional markets have reported growth despite the economic recession. The fur market in Europe, Eurasia and the Americas have reached $4.6bn, $3.5bn and $1.2bn respectively.
The UK has seen strong demand for fur, while sales are also increasing in North, America, Italy, France.
- Low labour cost countries linked to highest risks
- Why should brands care about China cotton?
- China cotton: implications and opportunities
- COMMENT: Skills or new technology?
- UK reshoring hub hit by sweatshop claims
- South Africa to grow grass for recyclable textiles
- 30% of Adidas cotton from sustainable sources
- Activewear driving US apparel spend
- Benetton to embark on living wage roadmap
- Sri Lanka and Bangladesh FTA talks underway
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Global market review of swimwear - forecasts to 2019
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Apparel Retail: Top 5 Emerging Markets Industry Guide