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China encounters downward pressure in fur industry
2014/12/5 10:34:45 Source: Chinaleather.org Author:Yin Mingzhe 点击率:
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China's fur industry faces the downward pressure in 2014. Nevertheless, it will be a golden time for fur industry in the next 10 or 20 years,said Zhang Shuhua, honorary president of China Leather Industry Association (CLIA) in a conference, Chinaleather.org reported Wednesday.

Zhang made a keynote speech at the 4th China Fur Joint Meeting and the Inagugural Meeting of Fur Animal Breeding Commission of China Leather Industry Association (CLIA). She reviewed the history of China's fur industry and believed that it achieved a great success over the past 20 years.

She said China has completed the whole industry chain in the fur industry including fur animal breeding, fur dressering and dyering,fur products processing, fur markets. Fur industry comprises more than 4000 firms, employed 5 million staffs,achieved the sales of over 100 billion yuan, which is the first place of the light industries output in China. However, China is a big country in fur industry, not a strong one.

Zhang reviewed the situation in 2014 and said that China encounters a downward pressure in fur industry and in the next two or more years it will continue to influence the industry.

She summerized five aspects as follows,

1. Slowdowns of fur and allied products sales growth rates on a year-to-year basis in 2014: in the past three quarters 553 big fur firms's industrial output reached 60.783 billion yuan, up 10.6% than the past year. Growth rates decreased 7% on the yearly basis.

2. Fur garments products output increased rapidly on the yearly basis:in the past three quarters the production volume reached 3.78784 million, 20.72% more than the past year and growth rates increased 29.69 percent on a year-to-year basis.

3. The profits of fur leather and related products slowed down: in the past three quarters the total profits of fur and related products reached 5.255 billion yuan,up 16.68% on a yearly basis and growth rate slowed down by 14.4%.

4. Profit ratio of production increased slightly comparing with the past year and is more than the industrial average level: in the past three quarters the profit ratio of fur leather and related products achieved 8.65%, up 0.45% on a yearly basis and 2.5% more than the average level of leather,fur and footwear industries.

5. Import and export increased rapidly on a yearly basis: in the past three quarters China exported the fur and related products(raw fur skin excluded) in value of $2.93 billion, 23% up than the past year. The import (raw fur skin excluded) reached $0.35 billion, up 17% on a yearly basis.

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