US Fur Apparel Imports Increased in 2010

SANDY PARKER REPORT, VOL. 35, ISSUE 1, FEBRUARY 21, 2011
The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for more than four decades. For most of that time he has published a weekly newsletter, detailing results of international pelt auctions, wholesale price trends, business developments and movements in the trade, as well as economic and political activities that may impact on it.
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International Fur News
with Sandy Parker
US Fur Apparel Imports Increased in 2010
IMPORTS OF FUR APPAREL INTO THE U.S. INCREASED by almost 20% in 2010 following five years of steady decline, but the rise was virtually entirely a reflection of higher prices.
According to the latest Commerce Dept. tallies, imports from all sources last year amounted to $121.7 million, up from the previous year’s total of $101.6 million. In the same period, however, wholesale prices of fur garments advanced as much as 30% or more. The mink portion amounted to $56.6 million, an increase of 2.7%, but the number of mink items imported, 79,834, was actually down slightly from the previous year. Imports of other furs rose 40% to $65.1 million. That consisted of 1.1 million articles, almost double those of the year before.
The official figures appear to confirm reports during the year that retailers were reacting to the higher prices by shifting emphasis to items that fit into their most popular price points.
IN THIS ISSUE
Prices Up Again at Kopenhagen
Mink Seen Reaching New Peaks
Garment Prices Expected to Rise
U.S. Imports Increased in 2010…
…but Gain Mostly Reflected Prices
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.
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