In addition, the rise in material prices and labor costs also contributed to the increase in the factory price of mink coats. During the Garment Festival, every fur shop in Yuyao Fur City hung up this year's new models of furs. Shoulder capes, collarless, padded shoulders... The styles and colors of the furs were very abundant, which made me realize that furs can be fashionable too. However, their prices are not negligible.
Will the price increase affect sales? I met Ms. Wang from Jinan, Shandong, who came to Fur City to wholesale clothes. She told the reporter that this year, the price of pure mink coats increased by 2000 to 5000 yuan per piece compared to last year, so she planned to take fewer goods first and see how the market reacts.
In recent years, the prices of raw materials such as cotton, down, and cashmere have soared, and the rise in the high-end clothing industry, fur clothing, is even more astonishing. According to reports from the recently opened 2011 China Fur Garment Festival in Yuyao, the price of fur garments has increased by more than 20% this year.
However, from the stance of multiple fur traders, despite the significant price increase this year, they are not worried about market sales.
"All furs have increased in price, with colored minks increasing the most, rising by 30%. Even some dyed furs like coffee minks have risen by 20%-25%," Wu Jianli, the owner of "Jiayun Furs" on the Charm Street of Yuyao Fur City, said to the reporter. He pointed to a beige mid-length mink coat hanging in the store and said, "Last year, this 75 cm long colored mink coat was sold for more than 9000 yuan, but this year it needs to be sold for around 12,000 yuan, an increase of more than 3000 yuan."
The reporter saw that this year, a 60 cm short coffee-colored mink coat would cost at least 8000 yuan, while a 75 cm long shawl-collar iron-gray mink coat would sell for 16,000 yuan.
Why did the price of raw materials increase so much this year? Tai Dail, Vice President of an American Fur Auction House, who came to purchase furs, explained that all the mink skins in the Fur City are imported from abroad, and the sale method of foreign furs is through auction. Due to the large market demand, buyers from all over the world bid during the fur auction process, driving up the prices. "The auction closing price in 2011 is at least 30% higher than last year, so the price increase of mink coats is certain."