U.S. fur imports continue diving
SANDY PARKER REPORT, VOL. 33, ISSUE 38, NOVEMBER 23, 2009
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
U.S. fur imports continue diving
FUR APPAREL IMPORTS INTO THE U.S. are still on a sharply downward course reflecting the trade’s continuing conservative approach. The decline began in 2005 after five years of consistent growth. Considering that imports are believed to account for most of the fur apparel sold in the U.S., this would indicate that the decline in the nation’s fur sales in recent years has been much larger than had been estimated in the absence of official figures.
Imports from all sources in September amounted to $17.4 million, according to the latest Commerce Dept. data. This represented a decline of 26% from the previous year’s month and brought the nine-month total to $64.8 million, down nearly 30% for the year to date. At this rate, a fair projection for the entire year would be in the neighborhood of $100 million. This would be the lowest point since 1981, when imports amounted to $106.1 million.
IN THIS ISSUE
Season Seen Opening Decently
Prospects Called Brightening
China Retailing Opens Strong
U.S. Imports Continue Diving
Fein of London Going Out?
For extracts from back issues of Sandy Parker Reports see News Archive. Subscribers can access an archive of complete issues at www.sandyparker.com.
