The Fur Trade
The international fur trade is a responsible and growing industry. More than one million people are employed by the fur trade full-time and many more on a part-time basis.
It is one of the most economically resilient of all retail sectors. Sales of fur have steadily increased over the last 13 years and in 2012/13, the global fur industry was valued at over US$40 billion
by PwC Italy - roughly the same as the wifi industry.
Approximately 85% of all fur sold comes from specialist fur farms, where farmers have been
carefully raising animals for generations. The remaining 15% comes from abundant
wild fur animal populations.
In 2013-14, 87.2 million mink pelts were produced globally with a total value of €3.7bn.
There were also 7.8m fox pelts produced with a value of more than €880m. By far the biggest
exporter of fur is Europe and the biggest importer of fur is China.
The resilience of fur consumer market is best shown by the stability of fur sales in the traditional
markets throughout the international economic downturn. And demand is growing not only in China
but also in Korea, Ukraine and South America.