The fur industry is an industry that has been used by China to export its products, and it’s become an economic machine.
That’s according to a new report from the Institute for Humane Studies (IHS).
The IHS estimates that the United States accounts for a whopping 85 percent of the world’s fur production, and the fur trade is the largest single export business in the country.
The trade has been estimated to total over $2.5 billion a year.
The IHSA estimates that China’s Fur Industry has been “the largest and most significant economic machine for the global fur industry.”
IHS senior fellow and co-author Dan Hart says it’s a lot more than just the money.
The report argues that China is not just a consumer of fur.
It’s also a major exporter of processed products and has become a giant industrializing and manufacturing machine for fur.
“China is the global center of the global furs trade,” Hart said.
The Chinese industry has become the largest and the most significant agricultural machine in the world, Hart says.
“There is a huge amount of production in China and China is going to grow to a huge size.”
As the fur market has expanded globally, the demand for fur products has increased, he says.
The fur trade was already an export industry before China started importing it from abroad, and now it’s one of the biggest and most important.
“When you’re exporting from a country that’s already exporting a lot, there’s a huge demand for the product and they’re willing to pay a premium for it,” Hart says.
“The biggest companies, like the companies that export to the United Kingdom and Australia, are trying to capitalize on this market,” Hart explains.
“They’re trying to go into that market and sell products that are made by their own factories, and that’s the core business.”
While it’s important for fur producers to sell their products to their customers, it’s also important to be able to buy fur from other countries.
“You have to be a little bit selective about where you’re buying from, and what you’re looking for, and you have to look for those characteristics that will make you the best customer for your fur,” Hart adds.
The research shows that consumers are willing to spend a lot for fur, and they expect good quality, according to Hart.
The report also finds that fur companies can charge higher prices than the competition.
It estimates that a company like the U.K.-based Fur Trade Association will earn a profit of between $10 and $20 million annually on sales of fur to China, while a company in China can expect to make as little as $1 million on fur sales.
The International Trade Administration (ITA) has also estimated that the U:F International Trade Association alone has over 100,000 employees and has sales worth $30 billion.
“The fur industry needs to become a global business, so that it can provide jobs and generate more income for the communities that it serves,” Hart notes.
He adds that the industry also needs to be competitive.
“Fur is not only for people who want to look like a certain animal, it also provides fur for animals that are not necessarily cute and cuddly,” he says, adding that there’s also value in being able to purchase fur from countries that don’t have to compete with other countries in terms of their quality of fur and the cost of production.
The U: f International Trade Assoc.
has been working for years to promote the benefits of the fur business.
Its CEO, Mark Hogg, says that his organization wants to see the fur industries worldwide grow to “the point where we have a truly global economy.”