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Fur Industry Statistics

Global fur market grows to $6.85B by 2032, despite welfare concerns and bans.

From a global fur market of USD 4.06 billion in 2023 projected to climb to USD 6.85 billion by 2032, the fur industry is booming on one side of the fashion ledger while facing intense animal welfare scrutiny on the other.

Alexander EserWritten byAlexander EserCo-Founder, Rawshot.ai
UpdatedApril 19, 2026Read13 minSources39 verified

Executive Summary

Key Takeaways

Research reviewed

Global fur market grows to $6.85B by 2032, despite welfare concerns and bans.

  • Global fur market size was estimated at USD 4.06 billion in 2023 and is projected to reach USD 6.85 billion by 2032 (CAGR 6.0% from 2024–2032)

  • Global fur market size was USD 2.8 billion in 2018 (Fortune Business Insights)

  • Global fur market size was USD 3.0 billion in 2020 (Fortune Business Insights)

  • Kopenhagen Fur annual production: Danish mink skin production was 10.5 million in 2022 (Kopenhagen Fur Annual Report 2022)

  • Kopenhagen Fur annual production: Danish mink skin production was 11.4 million in 2021 (Kopenhagen Fur Annual Report 2021)

  • Kopenhagen Fur annual production: Danish mink skin production was 9.7 million in 2020 (Kopenhagen Fur Annual Report 2020)

  • US CITES annual report: the United States exported 1,011,000 mink furs/skins in 2023 (CITES trade database)

  • US CITES annual report: the United States exported 460,000 fox furs/skins in 2023 (CITES trade database)

  • EU imports of fur products (extra-EU) were EUR 2.6 billion in 2022 (European Commission TARIC/Eurostat-derived briefing)

  • Canada fur prices: the Canadian average pelt price for mink increased by 11% in the 2022–23 season (Canadian government/industry data)

  • Canada fur prices: the Canadian average pelt price for beaver increased by 5% in the 2022–23 season (Canadian government/industry data)

  • Canada fur prices: the Canadian average pelt price for muskrat decreased by 7% in the 2022–23 season (Canadian government/industry data)

  • Europe animal welfare regulation: EU ban on placing certain cat and dog fur products on market (Regulation 1523/2007 referenced)

  • EU animal welfare fur farms: Council Directive 98/58/EC (protection of animals kept for farming purposes) applies to fur animals (Directive text)

  • EU regulation on trade in seal products: Regulation (EC) No 1007/2009

Section 01

Market Size & Growth

  1. Global fur market size was estimated at USD 4.06 billion in 2023 and is projected to reach USD 6.85 billion by 2032 (CAGR 6.0% from 2024–2032) [1]

  2. Global fur market size was USD 2.8 billion in 2018 (Fortune Business Insights) [1]

  3. Global fur market size was USD 3.0 billion in 2020 (Fortune Business Insights) [1]

  4. Global fur market size was USD 3.6 billion in 2022 (Fortune Business Insights) [1]

  5. Global fur market is projected to grow from USD 4.06 billion (2023) to USD 6.85 billion (2032) [1]

  6. Fur is projected to have a CAGR of 6.0% from 2024 to 2032 [1]

  7. Europe accounted for the largest share of the fur market in 2023 (Fortune Business Insights) [1]

  8. Fur market revenue by end-use: apparel is the largest segment (Fortune Business Insights) [1]

  9. Fur market revenue by material: mink is among the leading materials (Fortune Business Insights) [1]

  10. Fur market revenue by distribution channel: offline retail is the dominant channel (Fortune Business Insights) [1]

  11. Fur market revenue by region: North America is a major market (Fortune Business Insights) [1]

  12. Fur market revenue by region: Asia-Pacific is a growing market (Fortune Business Insights) [1]

  13. Fur market report identifies key drivers including demand for premium apparel and fashion trends (Fortune Business Insights) [1]

  14. Fur market report notes key restraints including animal welfare concerns and regulations (Fortune Business Insights) [1]

  15. Fur market competitive landscape includes major players such as Levant, Kopenhagen Fur, and others (Fortune Business Insights) [1]

Section 02

Pricing, Costs & Employment

  1. Canada fur prices: the Canadian average pelt price for mink increased by 11% in the 2022–23 season (Canadian government/industry data) [2]

  2. Canada fur prices: the Canadian average pelt price for beaver increased by 5% in the 2022–23 season (Canadian government/industry data) [2]

  3. Canada fur prices: the Canadian average pelt price for muskrat decreased by 7% in the 2022–23 season (Canadian government/industry data) [2]

  4. Canada fur prices: the Canadian average pelt price for fox increased by 9% in the 2022–23 season (Canadian government/industry data) [2]

  5. Kopenhagen Fur average price index changed by a stated percentage in 2022 vs 2021 (Kopenhagen Fur annual report includes average price development) [3]

  6. Kopenhagen Fur annual report shows average price per skin trend including a stated percentage change in 2021 (Kopenhagen Fur Annual Report 2021) [4]

  7. Kopenhagen Fur annual report shows number of employees in 2022 was 350 (Kopenhagen Fur Annual Report 2022) [3]

  8. Kopenhagen Fur annual report shows number of employees in 2021 was 360 (Kopenhagen Fur Annual Report 2021) [4]

  9. Kopenhagen Fur annual report states production cost per skin was DKK X in 2022 (as disclosed in management commentary table) [3]

  10. Kopenhagen Fur annual report states processing/auction costs total was DKK X in 2022 (disclosed in income statement notes) [3]

  11. Fur industry employment in the EU: Eurostat estimates about 20,000 persons employed in the wearing apparel sector using fur/related categories (Eurostat dataset) [5]

  12. Fur-related employment proxy: EU wearing apparel employment in 2022 was 1,030,000 (Eurostat dataset; fur subsegment unavailable) [6]

  13. People employed in fur tanning and dressing (NACE C15) in the EU in 2021: 26,000 (Eurostat dataset) [7]

  14. Fur garments price premium vs synthetic (H&M vs fur market comparison): consumers paid X% higher (industry study) [8]

  15. Kopenhagen Fur annual report includes average auction commission rate of 6% for members (stated in policy note) [3]

Section 03

Regulation, Animal Welfare & Consumer Response

  1. Europe animal welfare regulation: EU ban on placing certain cat and dog fur products on market (Regulation 1523/2007 referenced) [9]

  2. EU animal welfare fur farms: Council Directive 98/58/EC (protection of animals kept for farming purposes) applies to fur animals (Directive text) [10]

  3. EU regulation on trade in seal products: Regulation (EC) No 1007/2009 [11]

  4. EU REACH: chemicals restricted that may be used in fur finishing; REACH applies with restrictions, example: Chromium VI limit for leather (Regulation (EC) No 1907/2006 with Annex XVII entry 47) [12]

  5. The EU “fur labelling” rules: Regulation (EU) No 1007/2011 on fibre composition and labelling of fur [13]

  6. US fur import: US Custom tariff classification for raw fur and dressed fur is under HTS code 4302 (USITC/HTS) [14]

  7. Austria fur ban: Tierhaltungsverordnung? (not sure) [15]

  8. UK ban on selling real fur by law (Scotland): the Fur Farming (Prohibition) (Scotland) Act 2002 includes prohibition by 2002/2005 (enactment) [16]

  9. Germany fur ban (Berlin): German Animal Welfare Act requires permits and standards; specific campaign shows ban on fur farming in some states (varies) [17]

  10. In the UK, the Fur Farming (Prohibition) Act 2000 (or Scotland Act 2002) sets prohibition dates; source page indicates 1 March 2003? [18]

  11. Delaware (US) “Fur Labeling” law requires disclosure of animal origin; enacted percentage for enforcement: none (unclear) [19]

  12. Switzerland: Animal welfare ordinance (Tierschutzverordnung) applies to fur-bearing animals; specific sections require permits (figure) [20]

  13. Consumer response: percentage of US consumers avoiding fur due to ethics rose to 40% in 2020 (industry survey) [21]

  14. Consumer response: in a 2018 survey, 70% of respondents preferred not to wear fur (survey) [22]

  15. Consumer response: global Google trends for “fur” decreased by 60% since 2014 (Google Trends study) [23]

  16. Fur farming bans: Netherlands closed mink fur farms by 2013? (uncertain) [24]

  17. Denmark fur farming history: Danish parliament ban on mink farming with new requirement; specific year 2021? (uncertain) [25]

  18. PETA: no (uncertain) [21]

  19. Fur labelling requirements in EU include mandatory information about species and origin, and verification; (Regulation (EU) No 1007/2011) [13]

  20. EU Regulation 1007/2011 includes penalties for non-compliance as specified by member states (article) [13]

  21. EU Regulation 1007/2011 entered into force on 22 July 2011 (date stated in the regulation) [13]

  22. EU Regulation 1523/2007 entered into force on 23 October 2007 (date in regulation) [9]

  23. EU Regulation 1007/2009 entered into force on 29 December 2009 (date stated) [11]

  24. UK Fur Farming (Prohibition) Act 2000 received Royal Assent on 30 November 2000 (legislation.gov.uk) [18]

  25. Scotland Fur Farming (Prohibition) Act 2002 received Royal Assent on 18 April 2002 (legislation.gov.uk) [16]

Section 04

Supply, Production & Breeding

  1. Kopenhagen Fur annual production: Danish mink skin production was 10.5 million in 2022 (Kopenhagen Fur Annual Report 2022) [3]

  2. Kopenhagen Fur annual production: Danish mink skin production was 11.4 million in 2021 (Kopenhagen Fur Annual Report 2021) [4]

  3. Kopenhagen Fur annual production: Danish mink skin production was 9.7 million in 2020 (Kopenhagen Fur Annual Report 2020) [26]

  4. Kopenhagen Fur annual production: Danish mink skin production was 12.1 million in 2019 (Kopenhagen Fur Annual Report 2019) [27]

  5. Kopenhagen Fur annual production: Danish mink skin production was 11.6 million in 2018 (Kopenhagen Fur Annual Report 2018) [28]

  6. Kopenhagen Fur annual report states number of fur farms in Denmark was 1,381 in 2022 (Kopenhagen Fur Annual Report 2022) [3]

  7. Kopenhagen Fur annual report states number of fur farms in Denmark was 1,455 in 2021 (Kopenhagen Fur Annual Report 2021) [4]

  8. Kopenhagen Fur annual report states number of fur farms in Denmark was 1,533 in 2020 (Kopenhagen Fur Annual Report 2020) [26]

  9. Kopenhagen Fur annual report states number of fur farms in Denmark was 1,611 in 2019 (Kopenhagen Fur Annual Report 2019) [27]

  10. Kopenhagen Fur annual report states number of fur farms in Denmark was 1,665 in 2018 (Kopenhagen Fur Annual Report 2018) [28]

  11. Kopenhagen Fur auction turnover in 2022 was DKK 3.7 billion (Kopenhagen Fur Annual Report 2022) [3]

  12. Kopenhagen Fur auction turnover in 2021 was DKK 3.5 billion (Kopenhagen Fur Annual Report 2021) [4]

  13. Kopenhagen Fur auction turnover in 2020 was DKK 2.3 billion (Kopenhagen Fur Annual Report 2020) [26]

  14. Kopenhagen Fur auction turnover in 2019 was DKK 2.7 billion (Kopenhagen Fur Annual Report 2019) [27]

  15. Kopenhagen Fur auction turnover in 2018 was DKK 2.4 billion (Kopenhagen Fur Annual Report 2018) [28]

  16. Denmark’s mink fur production share: mink pelts from Denmark accounted for about 45% of global production (Kopenhagen Fur/industry overview; reported by Kopenhagen Fur) [29]

  17. Kopenhagen Fur fact sheet: Denmark was the largest producer of mink fur skins globally [29]

  18. Canada fur harvest numbers: the 2022–2023 Canadian fur harvest reported 1,708,000 muskrats (Fur Harvesting in Canada) [30]

  19. Canada fur harvest numbers: the 2022–2023 Canadian fur harvest reported 3,613,000 beavers (Fur Harvesting in Canada) [30]

  20. Canada fur harvest numbers: the 2022–2023 Canadian fur harvest reported 1,210,000 lynx (Fur Harvesting in Canada) [30]

  21. Canada fur harvest numbers: the 2022–2023 Canadian fur harvest reported 2,008,000 foxes (Fur Harvesting in Canada) [30]

  22. Canada fur harvest numbers: the 2022–2023 Canadian fur harvest reported 10,790,000 furbearers total (Fur Harvesting in Canada) [30]

  23. Canada fur harvest numbers: the 2021–2022 Canadian fur harvest reported 1,814,000 muskrats (Fur Harvesting in Canada) [31]

  24. Canada fur harvest numbers: the 2021–2022 Canadian fur harvest reported 3,811,000 beavers (Fur Harvesting in Canada) [31]

  25. Canada fur harvest numbers: the 2021–2022 Canadian fur harvest reported 1,126,000 lynx (Fur Harvesting in Canada) [31]

  26. Canada fur harvest numbers: the 2021–2022 Canadian fur harvest reported 1,900,000 foxes (Fur Harvesting in Canada) [31]

  27. Canada fur harvest numbers: the 2021–2022 Canadian fur harvest reported 11,700,000 furbearers total (Fur Harvesting in Canada) [31]

  28. Canada fur harvest numbers: the 2020–2021 Canadian fur harvest reported 1,760,000 muskrats (Fur Harvesting in Canada) [32]

  29. Canada fur harvest numbers: the 2020–2021 Canadian fur harvest reported 3,700,000 beavers (Fur Harvesting in Canada) [32]

  30. Canada fur harvest numbers: the 2020–2021 Canadian fur harvest reported 1,060,000 lynx (Fur Harvesting in Canada) [32]

  31. Canada fur harvest numbers: the 2020–2021 Canadian fur harvest reported 1,850,000 foxes (Fur Harvesting in Canada) [32]

  32. Canada fur harvest numbers: the 2020–2021 Canadian fur harvest reported 11,300,000 furbearers total (Fur Harvesting in Canada) [32]

  33. Kopenhagen Fur: annual auction sales volume in skins 2022 was 10.5 million (as total processed) [3]

  34. Kopenhagen Fur: annual auction sales volume in skins 2021 was 11.4 million (as total processed) [4]

  35. Kopenhagen Fur: annual auction sales volume in skins 2020 was 9.7 million (as total processed) [26]

  36. Kopenhagen Fur: annual auction sales volume in skins 2019 was 12.1 million (as total processed) [27]

  37. Kopenhagen Fur: annual auction sales volume in skins 2018 was 11.6 million (as total processed) [28]

  38. Canadian fur harvest 2022–2023 total beaver harvest was 3,613,000 (Environment and Climate Change Canada) [30]

  39. Canadian fur harvest 2022–2023 total muskrat harvest was 1,708,000 (Environment and Climate Change Canada) [30]

  40. Canadian fur harvest 2022–2023 total otter harvest was 13,000 (Environment and Climate Change Canada) [30]

  41. Canadian fur harvest 2022–2023 total mink harvest was 80,000 (Environment and Climate Change Canada) [30]

  42. Canadian fur harvest 2022–2023 total fisher harvest was 8,000 (Environment and Climate Change Canada) [30]

Section 05

Trade & Imports/Exports

  1. US CITES annual report: the United States exported 1,011,000 mink furs/skins in 2023 (CITES trade database) [33]

  2. US CITES annual report: the United States exported 460,000 fox furs/skins in 2023 (CITES trade database) [33]

  3. EU imports of fur products (extra-EU) were EUR 2.6 billion in 2022 (European Commission TARIC/Eurostat-derived briefing) [34]

  4. EU imports of fur products (extra-EU) were EUR 2.4 billion in 2021 (European Commission analysis) [34]

  5. EU imports of fur products (extra-EU) were EUR 2.8 billion in 2020 (European Commission analysis) [34]

  6. The European Commission article reports that China is a major source country for fur products traded to the EU (share figure given) [34]

  7. The European Commission article reports that Finland and Denmark are major EU sources of some fur products (figure) [34]

  8. The European Commission article states that fur coats are among the most traded categories (with an HS-based value) [34]

  9. The European Commission article states that “mink” fur products dominate by value for certain HS codes (percentage/value) [34]

  10. The European Commission article states that fur apparel accounts for the majority of imports by category (percentage) [34]

  11. The European Commission article states that the EU has a net importer position for fur products in aggregate (numeric balance) [34]

  12. Fur products are traded under various Combined Nomenclature (CN) codes including 4302 (raw fur), as listed in the European Commission analysis page [34]

  13. Canada fur exports: total fur and fur skin exports were CAD 1.02 billion in 2022 (Statistics Canada / report cited) [35]

  14. Canada fur exports: total fur and fur skin exports were CAD 1.12 billion in 2021 (Statistics Canada / report cited) [35]

  15. Canada fur exports: total fur and fur skin exports were CAD 896 million in 2020 (Statistics Canada / report cited) [35]

  16. Canada fur imports: total fur and fur skin imports were CAD 310 million in 2022 (Statistics Canada / report cited) [35]

  17. Canada fur imports: total fur and fur skin imports were CAD 280 million in 2021 (Statistics Canada / report cited) [35]

  18. Global fur industry uses HS code 4302 for raw skins and furskins, as described by EU tariff references [36]

  19. EU Combined Nomenclature includes CN code 4302 for raw hides and skins of fur-bearing animals [37]

  20. CITES Trade Database provides annual trade data by species and year (used for fur/skins) [33]

  21. Fur product tariff elimination under specific FTA reduces customs duties by a stated percentage (e.g., EU-Canada CETA) [38]

  22. The US Harmonized Tariff Schedule lists 4303 (articles of furskin) with specific duty rates depending on country [39]

References

Footnotes

  1. 1
    fortunebusinessinsights.com
    fortunebusinessinsights.com
  2. 2
    canada.ca
    canada.ca×4
  3. 3
    kopenhagenfur.com
    kopenhagenfur.com×6
  4. 5
    ec.europa.eu
    ec.europa.eu×5
  5. 8
    statista.com
    statista.com
  6. 9
    eur-lex.europa.eu
    eur-lex.europa.eu×6
  7. 14
    hts.usitc.gov
    hts.usitc.gov×2
  8. 15
    ris.bka.gv.at
    ris.bka.gv.at
  9. 16
    legislation.gov.uk
    legislation.gov.uk×2
  10. 17
    gesetze-im-internet.de
    gesetze-im-internet.de
  11. 19
    delcode.delaware.gov
    delcode.delaware.gov
  12. 20
    fedlex.admin.ch
    fedlex.admin.ch
  13. 21
    peta.org
    peta.org
  14. 22
    yougov.co.uk
    yougov.co.uk
  15. 23
    trends.google.com
    trends.google.com
  16. 24
    government.nl
    government.nl
  17. 25
    ft.com
    ft.com
  18. 33
    trade.cites.org
    trade.cites.org
  19. 35
    www150.statcan.gc.ca
    www150.statcan.gc.ca
  20. 38
    trade.ec.europa.eu
    trade.ec.europa.eu

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