Misjudged Market Makes The Industry Suddenly "Winter".

Zhao Shuyuan, chairman of the Hongkong fur industry association, said in a media interview that the luxury market in mainland China developed rapidly several years ago, and the demand for fur products was large, and the price of raw materials rose. But now the mainland market has been saturated.

In addition to this, Pierre Knudyson, chief auctioneer of Copenhagen fur, said at the auction in February this year that "warm winter" directly led to the stagnation of sales. Serious inventory phenomenon meant that the manufacturers did not need too much procurement behavior, which directly led to the sale of raw materials for each auction site at a lower price. However, the British media believed that the Chinese government had repeatedly accelerated "piercing the fur bubble". In addition, the Ukraine crisis also blocked the international trade of fur.

In this regard, the vice chairman of China Leather Association, Haining The chairman of Limited by Share Ltd, China Leather City, believes that there are many objective reasons for the deep callback in fur industry, but the fur industry's relatively extensive growth mode needs to be reconsidered.

In fact, after 2006, mink is the clothing King of every woman's wardrobe, which has become the consensus of most women in China. Coupled with the historic opportunity for upgrading clothing consumption in China, China's fur industry has entered a "rising corridor" lasting more than 6 years.

China's fur industry "engine" continues to exert power, and consumption in Eastern Europe and Russia has gone all the way, making fur industry more and more "Crazy". Take mink as an example. Since 2010, the cost of mink raw materials has been rising. The price of domestic mink is rising at a rate of 15% per year. The price of imported mink is rising at a price of 20% per year. According to Haining Leather City data, all kinds of market demand Urge Mink skin The price increase has reached two digits per year, and has risen by more than 100% in the first half of 2013.

But after that, the "crazy mink" finally lowered its head. Information from the North American Fur Association, the legendary fur auction house of America, the Finland family fur auction house and the Russian fur auction house also showed that the price of mink has been cut down in less than half a year compared with the peak price of the auction in 2013.

"In the next few months, the price of fur will increase slightly, but not very much, and there will be a wide variety of fur, which will vary according to its inventory situation. I think the current price has returned to a reasonable level. For consumers, it is the right time to start making fur. " Insiders said.