Luxury Sales Are No Longer Seen In Asian Markets.

Sales of luxury goods have declined in the wake of slowing Asian economic growth and various political factors. The Asian market is no longer the engine of luxury sales growth.

In addition to China

In addition to the impact, Hongkong, Thailand and even Singapore have also been greatly affected.

In the first three quarters of this year, Louis Vuitton Moet Hennessy (LVMH) dropped 3 percentage points in the Asian market excluding Japan, the first decline since 2010.

Data show that

The group has gained something in the European market.

The European market has been weak in recent years, but it has shown a growth trend in the past 9 months.

Arnaud Cadart, an analyst at CM-CIC securities, believes that the situation in Asian markets is rather special. In general, there are few economic, monetary and geopolitical factors that will have a negative impact on the Asian economy.

although

Sales have declined, but not all luxury companies have cut their sales and expansion in the Chinese market.

Hermes opened a new store in Shanghai last month.

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It is understood that Chongqing's fox fur, raccoon skin and other fur raw materials, 80%-90% from Hebei Shijiazhuang, "the world's fur capital" camp fur market.

The wholesale price of all kinds of fur has dropped by nearly 30% this year. Fox fur, which is 1200 yuan last year, will get more than 800 yuan this year.

"The first two years, fur market generally, many households gave up foxes and other animals, and fur prices rose last year.

As a result, farmers are in a rush to make fur prices slide this year. This year's market share is the same at home and abroad.

A fur wholesaler said that last year, if you wanted two mink skins, it would probably give you a maximum of one and a half, but this year, if you want one and a half, you may get two.

It is understood that 2/3 of our fur imports come from Denmark.

Relevant data show that the price of mink has dropped sharply in Copenhagen auctions this February.

Last year, at the "Copenhagen fur" auction, the average price of marten reached 570 Danish kronor (600 yuan), the highest record ever recorded.

In February this year, the average price of marten has dropped to 350-360 kronor (about 388-400 yuan), a decrease of about 30%.