European Debt Crisis Affects Fur Clothing Market In China

The modern economy is a global integrated economy. Any industry in any country can not do without the constraints of the international big market.

A considerable proportion of clothing consumers are in developed countries such as the United States, Europe, Japan and Korea.

Under the continuous impact of the international financial crisis and the European debt crisis, the end consumers will inevitably reduce the number of purchases, causing consumer demand to shrink, and the sales of fur clothing will inevitably be affected.

Up to now, Europe and the United States have poor orders for appearance this year. Japan and South Korea are two Asian countries with high fur consumption, but the number of imports has also dropped sharply due to the impact of the economic crisis.

The market economy is very grim.

Japan's rigid demand for tsunamis can also be slightly better than that of South Korea, but orders in South Korea have dropped sharply. Orders placed in general in March will not come down until mid June, and less than half of the previous year.

For this year, the economic situation is the main factor affecting the price of leather products this year.

The European and American debt crisis erupted last year, which has affected the economic development of the whole world.

The impact on fur industry is first reflected in demand, that is, the demand is reduced.

What we feel most is the small trade fair this year. The small trade fair is the abbreviation of China International Fur Trade Fair.

The small trade fair is known as the wind vane of the fur industry in China. This conference is held once a year. From the conclusion of the meeting, we can probably understand the trend of fur market.

This year, the intuitive feeling of the small trade fair is that the number of visitors and customers has decreased.

The reduction of foreign demand is bound to affect the price of raw materials, because our domestic fur industry has a relatively high dependence on exports.

Another embodiment is the Canton Fair in May this year.

With a set of figures, we can explain the situation of Canton Fair this year.

The first decline of the Canton fair since the international financial crisis in 2008 is only $36 billion 30 million, down 4.8% and 2.3% respectively.

Liu Jianjun, deputy director of China Foreign Trade Center, said that on the one hand, influenced by the European debt crisis and other factors, the international market demand was sluggish; on the other hand, domestic enterprises were faced with the impact of changes in raw materials, labor, financing and exchange rate. Some enterprises, especially SMEs, generally reflected the pressure of operation.

Although this is not a mere reference to the fur industry, fur industry, as a small industry in the export industry, will also be affected by the great environment and cannot be left alone.

China's fur clothing is mainly exported. The decline in purchasing power of foreign trade enterprises will inevitably affect the production of our export enterprises and reduce the demand for raw materials for fur. Therefore, the impact of the development of the global economy directly affects the price of fur raw materials.