Archive for "Key Reports"

IFTF: Global Retail Sales Increase by $600 Million

May 13, 2013 No Comments

Donna Karan - New York February 2013From The Sandy Parker Report of May 13, 2013

World retail sales of fur products edged up to $15.6 billion in 2011/12, an increase of almost $600 million over the previous year, according to the International Fur Trade Federation.  The new total represents a 44% increase over the past decade, the IFTF calculates, and has been driven to a great degree by increasing demand for fur products in Asian markets, including China, Japan and Korea. Fur sales in those markets amounted to $5.6 billion in the latest period, a gain of about 5% over the previous year and more than triple what they were 10 years ago.

Asia now leads the rest of the world in terms of fur consumption, accounting for just over 35% of the total, the organization points out, having passed Europe. According to its latest calculations, European fur sales reached $4.4 billion, or 28% of the global total. Eurasian sales (including Russia, Turkey, Ukraine and Kazakhstan) were $4.4 billion, or 27.5%, and the Americas (North and South) were $1.2 billion, just over 7% of the total. The IFTF consists of 42 national member associations and organizations in 35 countries and has been reporting global retail sales for many years, but this is the first time it has produced a breakdown by country or region. It also points out that, with fur skins trading at record prices at the auctions, this has also contributed to the increase. As has the fact that more than 400 fashion designers are now showing furs in their London, Paris, New York and Milan presentations. In addition, new technology and manufacturing techniques have broadened the use of many furs not only for fall/winter, but even spring/summer.

Mark Oaten, CEO of the IFTF, points out that the latest statistics merely represent retail sales. “Our new working relationship with PricewaterhouseCoopers (PwC) means that later in the year we will be able to release a value for the entire global industry, covering every part of the supply chain from manufacture, dressing and dyeing to design and more”.

“It is increasingly difficult,” concludes Oaten, “for the international business community to ignore an industry that contributes on such a significant scale to the global economy. Despite a sluggish economic backdrop, we are confident that fur sales will continue to buck the trend and I predict further growth in future years.”

Season’s First North American Sale Brings More Record Prices.

Mar 05, 2013 No Comments

Mink prices soared to historic heights at the season’s first North American sale in Toronto, in what was described as the biggest mink offering in North American history. Chinese and Russian buyers spearheaded the demand, in order to satisfy the still-growing appetites of people back home.  The February sale at North American Fur Auctions attracted over 700 buyers, its biggest attendance ever, and at times it was standing room only.

The bidding was spirited, sending prices to historic highs for North American mink, fully 20% over the same sale last year, according to the company. Buyers agreed, calling prices firm to the record levels achieved elsewhere for comparable goods. Hong Kong/China, as expected, was the dominant buyer throughout, with strong support from Greece, Russia and Korea. Chinese buyers, whose ranks have been growing at each successive auction on both sides of the Atlantic for several years – in line with the expansion of their domestic market at the manufacturing and retail levels – quickly dominated the action.

This also was the biggest-ever offering of mink at a North American sale, some 3.9 million pelts, including international goods.  The entire collection was snapped up at strong prices, attesting to the demand at the retail level, particularly in China. 

Sandy Parker Report: Chinese Buyers Dominate at Year’s First Auction

Feb 08, 2013 No Comments

Sandy Parker Reports

Volume 36, Issue 46

February 11, 2013

As expected, mink prices resumed their upward movement as the new auction season got into full swing at Kopenhagen Fur last week amid signs the trend is likely to continue at the sales elsewhere in the weeks ahead. Hong Kong/China, to no one’s surprise and with even greater representation than before, took the lead from the outset and set the pace virtually throughout the auction. Although this actually was Kopenhagen’s second sale of the season – the small December event intended mainly to meet the trade’s immediate needs – the buying now reflects planning for the year ahead.

The Chinese fur trade, aided by one of the coldest winters in that country’s history, has been enjoying a banner season and has been steadily expanding at all levels. There are no official figures but, according to sources close to that market, the past year has witnessed sizable increases in the ranks of manufacturers not only in the established production centers, but elsewhere in the country as well. Similarly, new retail operations have been blossoming out around the country to cater to the increased demand from a newly-monied population that now can afford what previous generations could not.  And, while the bulk of China’s domestic fur business is still in hats, trimmings and inexpensive garments, there also is growing demand for jackets and coats of mink and other fine furs. That mink prices are still rising despite the recent increase in world production – and the emergence of China as the largest producer – can be attributed to its huge increase in consumption.

The steady expansion of its industry has been accompanied by an increased Chinese presence at the major auctions. Not only do they now occupy most of the seats in the salesroom, but there are said to be an increasing number of manufacturers and retailers doing their own bidding, rather than through dealers or brokers as they formerly did. Kopenhagen’s training programs apparently are bringing results.

As to how big China’s fur industry has already grown, there are no official government figures. According to data gathered by the China Leather Association, fur sales rose 22.4% from the previous year and are expected to reach 16.42 billion yuan ($2.64 billion U.S. at the current rate of exchange) in the next two years.

This week’s sale attracted almost 800 buyers, Kopenhagen reported, with Hong Kong/China accounting for about 500 and dominating throughout. The 5.7 million mink were all sold at prices as much as 14% over December levels in Danish kroner.

Once taboo, fur sales hit new highs on Chinese demand

Nov 20, 2012 No Comments

“The growth in inland China is really what’s driving growth at the moment and we think for the next 10 years or so that will continue to rise,” IFTF Chief Executive Mark Oaten said. “There are 90 cities in China that buy as much fur as New York.”  Sales in North America were $1.3 billion last year, a third more than when anti-fur protest movements were at their height in the 1990s, according to IFTF figures.

Countering Eco-Terrorism in the United States: The Case of ‘Operation Backfire’

Oct 03, 2012 No Comments

American counterterrorism officials consider those who commit violent acts in the name of the environment and animal rights a serious threat to homeland security. Senator James Inhofe noted that radical actors affiliated with the Earth Liberation Front and Animal Liberation Front had caused more than $110 million in damage between approximately 1995 and 2005. 

USDA: Mink Production up 9%, Prices up 25% in 2011

Jul 12, 2012 No Comments

Mink pelt production in the United States in 2011 totaled 3.09 million pelts, up 9 percent from 2010. Wisconsin, the largest mink producing State, produced 1,050,580 pelts. Utah, the second largest producing State, produced 698,960 pelts.

Value of pelts produced during the 2011 crop year was $292 million, up 25 percent from $233 million a year ago. The average price per pelt for the 2011 crop year was $94.30, up $12.40 from $81.90 in 2010.

Read More Here….

Mink Strong at NAFA Finale

Jun 05, 2012 No Comments

SANDY PARKER REPORT, VOL. 36, ISSUE 15, JUNE 4, 2012

International Fur News
with Sandy Parker

Mink Strong at NAFA Finale

Mink prices continued to show great strength last week as North American Fur Auctions opened its final sale of the season, virtually guaranteeing that this year’s averages will again reach new peaks. Now that the bulk of this year’s mink supply has passed under the auctions’ hammers and the balance consisting in good part of breeders and lowgrades, regular-quality pelts apparently have reached their final level for the year. The huge markets of China and Russia will have to settle on the lesser qualities to fill their remaining needs and – as was the case last year – paying disproportionately more for those goods. 

The market’s current strength was clearly demonstrated by the reception accorded the first day’s offering which consisted of over a million section III(lowgrade) dark males. More than 500 buyers were on hand and snapped them up at prices that averaged over $100, including all sizes and qualities. Auction officials characterized the prices for lowgrades as at “historic levels.” As has been the pattern in recent years, China dominated that catalog with strong support from Greece, presumably for the Russian market. Hong Kong/China and Greece/Russia also competed strongly for the breeders the second day – also at advanced prices – as well as for the regular goods that followed, where they were joined by Koreans who concentrated mostly on the better females – mainly darks. 

The pattern of the sale was virtually identical to that of last year’s comparable auction, where the lowgrades and breeders sold first and set the pace for the regular goods. The only difference: More buyers and higher prices at this year’s event. And, as was the case last year, it provided an indication as to what is likely to happen at SAGA OYJ later this week and at Kopenhagen Fur the following week. What is not yet known is whether wholesale garment prices, which have advanced since the lines were shown earlier this year, will rise still further. There has been no word from Hong Kong, presumably because the manufacturers were waiting for the results of these sales. 

Moving into the regular qualities at NAFA, the mutations were described as very strong. The high shades are popular for use in both garments and trimmings, but their limited quantities have been bringing higher averages than for the more plentiful blacks and the brown types. And, as trimmings, their single-skin use makes the product less price-sensitive than, for example, a 40-skin garment. Blue iris prices advanced, the company reported, but there was some resistance to “the extremely high levels achieved in April for white and silverblue males.” Hong Kong/China was the largest buyer of the mutations with some support from Greece, Russia and Korea. 

The sale also took on a last-chance atmosphere, as it was the final opportunity to buy certain North American mink this year. This is important to those who feature certain brand names or who have promotional arrangements with the various organizations. There still are about 13 million European mink to be offered in June and September, including a greater proportion of velvet types, the shorter-napped mink Europeans have been cultivating and narrowing the price gap with North American types. 

NAFA President Michael Mengar pointed out that this year’s total offerings included 1.3 million more mink than last year. That, he pointed out, was a bigger increase – about 25% – than shown by any other auction house and was the result of larger production and greater market share. It included about 900,000 more mink from Europe and 400,000 from North America.

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The preceding 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.

Subscribe now and receive all the latest news, either in print or electronically. Just $150 a year for 48 issues! Sandy Parker Reports, 21219 Lago Circle, Boca Raton, FL 33433; Tel: (561) 477-3764; Fax: (561) 862-7052; SParker@SandyParker.comwww.sandyparker.com 

IN THIS ISSUE:

*Mink Strong at NAFA Finale

*Prices Seen Reaching New Peaks

*China, Russia Main Takers

*Greeks Still Showing Power

*U.S. Consumer Confidence Up

For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.

 


For further information contact Fur Commission USA.

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American Legend Sale Closes on Firm Note

May 28, 2012 No Comments

SANDY PARKER REPORT, VOL. 36, ISSUE 14, MAY 28, 2012

International Fur News
with Sandy Parker

Legend Closes on Firm Note

The long, steady climb in mink prices appeared to level off last week at around the heights they had reached in March, but still enjoying strong demand. The season’s final sale at American Legend again attracted about 350 buyers in Seattle despite the relatively small size of the offering, although it was the last chance this year for buyers to acquire the Blackglama and other labeled skins their clients tend to feature. As had been expected, the collection was completely sold and the main buyers were Hong Kong/China, Korea and Greece/Russia. 

Again, darks comprised the major share of the collection, accounting for more than three-quarters of the regular quality goods. Greece/Russia dominated the male section with good support from China, while Korea took command of the females, followed by Greece and Hong Kong. Male prices, the company reported, were firm to slightly stronger compared to March, while females advanced as much as 5%. In the brown types, the mahogany and ranch wild males were described as firm to slightly easier, but the mahogany females very firm to advancing. Except for the 33,000 blue iris, there were only very small quantities of mutations. 

_________________________________________________________________________________________

The preceding 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.

Subscribe now and receive all the latest news, either in print or electronically. Just $150 a year for 48 issues! Sandy Parker Reports, 21219 Lago Circle, Boca Raton, FL 33433; Tel: (561) 477-3764; Fax: (561) 862-7052; SParker@SandyParker.comwww.sandyparker.com 

IN THIS ISSUE:

*Mink Price Climb Levels Off

*Legend Closes on Firm Note

*Wild Furs Also Plateau

*NAFA’s Final Seen Strong

*Smaller Greek Mfrs. Squeezed

For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.


For further information contact Fur Commission USA.

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© 1998-2011 Fur Commission USA

American Legend Record-Setting March Sale

Mar 29, 2012 No Comments

American Legend Ambassador Kathy Ireland with Renton's Finest

“If you build it, they will come”  Quoting from the iconic film “Field of Dreams”, CEO Joe Morelli is using the phrase to describe the success of the Blackglama and American Legend brands that commanded record prices last week at the ALC Seattle auction.

 

Roughly 400 buyers from all over the world showed up to compete for over 2 million of the world’s finest mink.  Over 250 ranchers were also present to witness this historic event.

 

Prices set new records, as all classes and sizes saw significant increases over the most recent North American and European sales.  Some categories climbed as much as 18% over the Toronto sale less than 8 weeks ago!

 

A Saturday night appreciation dinner for the ranchers and buyers included a special appearance and presentation by American Legend brand ambassador, super model and business person extraordinaire Kathy Ireland. Her talk not only invigorated the crowd, but assured the industry of her support in our efforts to promote fur.

Global Fur Trade Now Worth $15 Billion

Mar 08, 2012 No Comments

The International Fur Trade Federation has today released the global fur sales figures for 2010/2011 and they reveal a strong growth of over 7% (year-on-year) despite the economic downturn, reflecting a general trend in the luxury goods sector.  In the longer term, turnover has increased by 70% since 2000/1. The Asian markets of China, Hong Kong and Korea are showing particularly significant gains whilst in Europe and North America, turnover increased as pelt prices at auction reached record highs. US turnover has bounced back to pre-recession levels of just under $US 1 billion.

Fur continues to be a major design story on the catwalks of New York, Milan and London as designers such as Marc Jacobs, Mulberry and Gucci lead the return to wearable, luxury fashion.  Retail sales across Europe remain buoyant.

“In the current economic climate these figures are stunning”, said Mark Oaten Chief Executive of the International Fur Trade Federation.  “They show designers and consumers are continuing their love affair with this beautiful, durable and natural product. I am confident we will see even stronger growth next year because prices at the most recent auctions are hitting record highs. This proves manufacturers are prepared to pay a premium for quality as consumers invest in luxury for the long term.” 

 


For further information contact Fur Commission USA.

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