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DECEMBER 1, 2016

Long Haired Beaver Sheared trim vests - Black & White Rabbit - Sculpted Pinsquare Sheared Beaver - Ivory Long Haired Beaver - Beaver parkas - Urban Sheared beaver - Beaver vest - Beaver Jackets - Shearling Look - Beaver Coats - Whiskey Sheared Beaver - Golden Island Fox Trim - Stars & Stripes - Olive Leaf Trim - Jungle City Sheared Beaver - New Diamond Carved Sheared Beaver - Quiet Elegance - Persian Lamb -  Red Sheared beaver - Rose Beige Sheared beaver - Black Lamb Reversible to Black Nappa - Double faced Beaver Reversible - Woven Mink Reversible to Nappa - Reversible Nutria to Antique Nappa - Ladies Female Parkas - Man's Dyed Jacket - Man's Female Mink Parkas - Sheared Mink Reversible Leather Long hair Mink - Sheared Mink Reversible Glama Mink Trim - Sheared Mink Reversible Leather - Sheared Mink Horizontal - Sheared Mink Reversible to Nappa - Sheared Mink Sable Trim -  CLICK HERE

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Hong Kong's Fur Industry

Overview

• Hong Kong is the world's major source of quality fur garments and accessories. Major export items include apparel made of mink and fox fur, as well as accessories such as hats, stoles, muffs, scarves and cuffs.

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• The majority of Hong Kong's furriers have set up production facilities on the Chinese mainland as a result of seeking relatively lower production costs there. Still, many major sub-sectors of the fur industry, particularly sales and distribution, remain in Hong Kong. In addition, more than 700 companies are engaged in the trading of fur in Hong Kong.

   

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• After rising year-on-year by 7% in 2001, the growth of Hong Kong's fur exports slowed down in the first six months of 2002. During the January-June period, Hong Kong's total exports of fur only edged up year-on-year by 1%. Japan, the US and the EU are the three leading fur markets of Hong Kong. They altogether take up more than 80% of all Hong Kong's fur exports.

   

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• Meanwhile, the fur market is no longer confined to the traditional and pricey mink coat or gorgeous sable, but the more affordable and ready-to-wear collections. Generally, two trends emerge: a new younger consumer and a preference for more casual lifestyle. As such, sporty, practical and casual styles tend to become more and more important in fur. Such products include short silhouettes, slender blazer, slip-on and casual coat.

   

Industry Features*

On the back of higher labour cost and stringent environmental regulations, most of Hong Kong's furriers have set up offshore production facilities on the Chinese mainland, resulting in a steady decline in the number of manufacturing establishments in Hong Kong. There were 10 furriers hiring 147 workers in Hong Kong as of 2001, compared to over 200 furriers hiring about 6,000 workers about a decade ago. In 2000, the industry had a gross output of HK$ 259 million and value added stood at HK$ 62 million.

While industry statistics show a steady decline in the number of manufacturing establishments, fur traders remain very active in Hong Kong. They are specialized in providing trade-related services such as sales and marketing, quality control, logistic arrangements and fur designs. In 2001, there were 738 establishments and 2,968 workers in the business of fur trading.

Performance of Hong Kong's Exports of Fur Clothing

      REAL FUR CHINCHILLA DYED REX RABBIT $700
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After rising by 7% in 2001, Hong Kong's fur exports further edged up year-on-year by 1% in the first half year of 2002. Re-exports, accounting for 86% of all fur exports from Hong Kong, fell year-on-year by 1% during the six-month period. Following a decline of 2% in 2001, domestic exports registered a strong year-on-year growth of 15% in the January-June period of this year.

Japan, the US and the EU are the three leading fur markets of Hong Kong. They altogether take up more than 80% of all Hong Kong's fur exports. In the first six months of this year, fur exports to Japan and Italy grew by 11% and 1% respectively. South Korea, Spain and Denmark were the star markets, rising year-on-year by 109%, 71% and 126% respectively. To the contrary, Hong Kong's fur exports to the US performed poorly, declining by 41% in the first half year of 2002.

However, it should be noted that many fur produced by Hong Kong furriers in their factories on the Chinese mainland are not shipped out from Hong Kong. Some of them are shipped via the ports on the Chinese mainland. In addition, Russia is a prime market for fur. Certain Hong Kong furriers deliver products from their factories on the Chinese mainland to Russian buyers by land transport. Transactions under such mode of transport are not recorded by Hong Kong's trade statistics.

Sales Channels

Over 95% of fur clothing produced in Hong Kong and/or their plants on the Chinese mainland are sold to overseas markets. The majority of Hong Kong furriers are OEM manufacturers which produce high-quality apparel for renowned brand names. However, a growing number of furriers have recently developed their own designs and brand names, targeting the mainland market.

Traditionally, North America, Western Europe, the Nordic countries and Russia are the major markets for fur garment. In recent years, sales of furs have greatly expanded to other markets like Japan, South Korea and China. According to the forecast of the International Fur Trade Federation (IFTF), the global sales of fur products will exceed US$ 10 billion in 2002. In the US, the sales of fur garment through traditional fur retail outlets amounted to US$ 1.5 billion in 2001. The British Fur Trade Association (BFTA) points out that Russia is the largest market of fur in the world with yearly retail sales up to $US 2.5 billion. There are around 300 specialist furriers in Moscow alone and 70-85% of all fur products is imported into Russia. The BFTA also estimates that annual retail sales of fur in the EU amount to around US$ 4 billion.

In addition to the traditional fur retailers, fur (particularly fur trims) is also sold through fashion houses, high street retailers and independent fashion boutiques. It is estimated that in Germany fur is sold through more than 20,000 non-traditional outlets.

Trade fairs and exhibitions remain common places for buyers and suppliers of clothing to congregate. The Hong Kong International Fur & Fashion Fair, organised by the Hong Kong Fur Federation, is the largest and most prestigious trade event in the Asia-Pacific region. In Hong Kong International Fur & Fashion Fair 2002, exhibitors included furriers from Canada, the Chinese mainland, Finland, France, Germany, Greece, Hong Kong, Italy, Korea, Spain and the United Kingdom.

To establish connections and explore market opportunities, Hong Kong manufacturers and traders have also involved themselves actively in overseas shows led by the Hong Kong Trade Development Council (TDC), including the ones in Beijing, Dalian, Dusseldorf, Moscow, Paris and Tokyo.

Industry Trends

It is an increasing trend that most fur comes from farms. According to the BFTA, about 85% of the world's fur is produced on farms. The EU accounts for nearly 70% of the world's farmed fur while North America takes a share of 14% of the total. In the US, fur farms are going through consolidation. The total number of US farms producing mink dropped from 452 in 1997 to 324 in 2001.

To many Hong Kong furriers, competition from low-cost overseas suppliers has intensified, particularly in the market of low-end mass products. Greek manufacturers, for example, have been very successful in tapping the EU market though they still trail behind their Hong Kong counterparts in terms of quality and workmanship. For this reason, international buyers continue to turn to Hong Kong companies for competitively priced, sophisticated and quality fur garments.

Trade Measures Affecting Exports of Fur Clothing

A ban on fur farming will come into effect in England and Wales on 1 January 2003. The Fur Farming (Prohibition) Act was passed in the British parliament in November 2000. When the law becomes effective, it will be illegal to keep animals solely or primarily for the value of their fur. In March 2002, Scotland passed similar law which will also be effective on 1 January 2003.

Furriers are obliged to observe international restrictions on the preservation of endangered species. The Washington Convention (Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)) restricts or prohibits the trade of species listed in the Appendices to the Convention. Appendix I includes species threatened with extinction. Trade in specimens of these species is permitted only in exceptional circumstances. Appendix II includes species not necessarily threatened with extinction, but in which trade must be controlled in order to avoid utilization incompatible with their survival. Appendix III contains species that are protected in at least one country, which has asked other CITES parties for assistance in controlling the trade.

For markets such as Austria, Germany and the Netherlands, exports of fur clothing, particularly fur trims and blends, are affected by the restrictive usage of azo-dyes. A EU community-wide prohibition of the usage of azo-dyes has been proposed recently. Upon amendment and endorsement by the European Council and the European Parliament, all member states will be required to abide by the proposed restrictions.

Product Trends

Meanwhile, fur market is no longer confined to the traditional, pricey mink coat or gorgeous sable. More affordable and ready-to-wear collections are much sought after. Generally, two trends emerge: a new younger consumer and a preference for more casual lifestyle. As such, sporty, practical and casual styles tend to become more and more important in fur. Such products include short silhouettes or longer ones with narrow cut, slender blazer, slip-on and casual coat.

During the Fur & Fashion Frankfurt Show 2002, there appeared stronger demand for velvety, soft, flat and light types of furs such as sheared or plucked mink, weasel, muskrat and rabbit. However, squirrel, sable and chinchilla still appeal to many buyers. Also, there is an obvious trend that manufacturers are working hard to make the pelts lighter and lighter to cope with the market demand for more casual dressing. More popular colours include brown, black, grey and red.

Fur accessories with stylish design are also well received by fashion-conscious consumers. In fact, in many retail shops, less expensive fur products such as shears and trims are even more popular than mink coats and sables. In addition, fur cushion, bedspreads, mufflers, muffs, handbags; wraps, stoles, scarves and vests have gained support from many consumers. In addition, there is a growing popularity of applying fur trims on jeans, leather, denim sportswear, cashmere sweaters and dresses.

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