The fur supply chain is truly global. In 2012 PwC Italy valued the global fur trade at over US$40b.
Around 1m people are employed full time within the fur sector and many more on a part-time or seasonal basis.
In 2013-14, 87.2 million mink pelts were produced globally with a total value of €3.7bn. There were also 7.78m fox pelts with a value of more than €880m.
The majority of exporting fur farms are located in Europe and North America and wild fur is produced in North America and Russia.
By far the biggest exporter of fur is Europe, and the biggest importer of fur is China. Demand for fur has remained stable in the traditional markets throughout the international economic downturn, and demand is growing not only in China but also in Korea, Ukraine and South America.