The Price Of Furs Is Falling All Over The World, And China Cannot Be Alone
In recent years, several factories and dealers in Jiaxing, Zhejiang Province are worried. As China Leatherwear Chongfu Town in Jiaxing, an important town of fur industry, has received fewer and fewer fur orders. It is reported that only 20 workers are left in the factory of Nuoda to make expensive Fur coat And accessories, while in the storage freezer beside, there are many animal furs that have not been processed yet.
The furs processed by Jiaxing factory range from expensive fox and mink skins to affordable rabbit hair and some common mammal furs. The farms that breed these animals are mostly located in Shandong Province and Hebei Province, and the furs produced are sold throughout the country, as well as exported to Russia, Japan and the United States.
Unfortunately, today, the industry is suffering a heavy blow. A mink coat once sold for 20000 to 30000 yuan, but now it has dropped to about 10000 yuan, a drop of more than half. Other animal fur clothing prices are similar.

There are too many farmers and the market supply exceeds demand
They say fur market The price of. However, as Chinese people become rich, the fur market has soared for five or six years in the past few years, but since 2014, this year by year rising curve has begun to go down.
In Zhihushang, a netizen who claimed to be a fur practitioner in Haining explained that this was the result of the oversupply of minks
Overproduction has raised the pressure on dealers to cut prices. After all, mink coats are not much, and many customers will think that they are non necessities after all, and will not buy more. Moreover, it is not easy to export. In the past years, Beijing Dahongmen Shoes Co., Ltd., which is engaged in fur business, has changed its business. In Zhejiang, many fur sellers have declared bankruptcy.
“ A few years ago, when the market was good, we spent tens of millions on furs. This year, the environment was bad, and the goods we had stored up before could not be delivered. In order to mortgage the bank loan, his family has sold several factories and closed one or two shops, but the capital still cannot flow. " Mr. Yao, the owner of a fur shop in Haining Leather City, said in an interview. Since 2014, his family's business has turned sharply downward, forcing the family business to lay off employees and close down.

People are more cautious in consumption, and the anti-corruption process is also reducing fur spending
The macroeconomic downturn has also led people to become more cautious about consumption. The British Guardian believes that China's economic growth in the past few years has inflated the fur economy bubble.
National policies have also affected the consumption of furs. The promotion of anti-corruption process has made people afraid to buy luxury goods in a high profile as before.
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The price of furs is falling all over the world, and China cannot be alone
In fact, the fur industry in China is affected by the domestic environment, and the whole quotation and market are following the international market. In the past two years, the prices of international mink and fox skins have dropped again and again. When they were imported into China, Chinese native fur products had to lower their prices to ensure that they would not lose too much in the price war.
Fur business is a global business. Because animals live in too scattered areas, for example, red foxes live in Ohio, the United States. The fur auction industry in the United States is developed. NAFA is a world-class fur auction house, and the brand fur is North American short haired mink, beaver, red fox, blue fox, raccoon dog, etc. St. Petersburg Fur Auction House mainly sells sable and chinchilla skins, while Denmark is the world's largest mink producer, and minks throughout the country are uniformly distributed by Copenhagen Fur Association.
It is conceivable that if any region falls off the chain, it will cause a domino effect on the global fur business. In the past two years, political disputes have continued everywhere. The United States has constantly suppressed Russia's economy by controlling the price of crude oil. However, Russia and Ukraine are the largest importers of China's mink skins. Russia and Ukraine are also arguing about how to count on your cooperation.

This is not the end. In 2015, BusinessInsider published an article pointing out that Beijing and Zhangjiakou, the cities that applied for the 2022 Winter Olympics in China, are both major cities that consume rabbit hair and mink because of their cold climate. The cruelty of killing animals is inconsistent with the spirit of the Winter Olympics.
In order to prove this point, the article brings out the history of the Qing Dynasty, saying that the two cities were both named for fur production in the Qing Dynasty. In particular, Zhangjiakou produced more than 5 billion yuan of furs in 2015.
"Zhangjiakou is famous for fur production. We raise animals ourselves, which is profitable." The boss of a fur factory in Zhangjiakou told BusinessInsider.


However, self breeding does not mean that killing animals will not offend the nerves of the Animal Protection Association. Over the years, fashion brands have been criticized in this regard. For example, Zara announced in February last year that it would stop selling all clothes made of Angora rabbit hair.
But in order to gain the upper hand in morality, some European fur companies gradually moved their production sites to China to meet the desire of some Chinese people to pursue interests.
"China lacks perfect animal protection, and its awareness of animal protection is weak." The China Office of ACTASIA, an international public welfare organization, said, "I hope that through the Winter Olympics, Zhangjiakou will have the opportunity to transform and reform this cruel cause."
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