| Product Code: ETC388289 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines whole furskins import market continued to showcase a high level of concentration in 2024, with top exporting countries being Italy, Finland, China, Hong Kong, and Japan. The Compound Annual Growth Rate (CAGR) for the period 2020-2024 stood impressively at 78.69%, indicating robust growth. Moreover, the growth rate from 2023 to 2024 surged by 13.27%, highlighting the increasing demand for furskins in the Philippines. This data suggests a strong market potential and opportunities for stakeholders in the furskins import industry to capitalize on the growing market trends and preferences.

The Philippines whole furskins market represents a niche segment within the country`s textile and fashion industry. Furskins, sourced from various animals, are used for luxury garments and accessories. The market`s growth is closely tied to global fashion trends, consumer preferences, and ethical considerations related to fur production. While the market`s scale may be limited compared to other industries, it presents opportunities for local artisans, designers, and businesses to create unique, high-end products. The market`s direction will likely be shaped by sustainable and ethical practices, as well as evolving fashion preferences worldwide.
The Philippines whole furskins market has experienced growth due to the country`s vibrant fashion and garment industry. While not a primary driver, the demand for furskins, often used as accents in clothing and accessories, has been influenced by fashion trends and international market preferences.
The Philippines whole furskins market faces challenges due to ethical and environmental concerns surrounding fur production. The use of animal furs raises animal welfare considerations, and the market`s growth is influenced by shifting consumer preferences for cruelty-free and sustainable alternatives. Additionally, regulations and public opinion related to fur farming and trading impact the market`s dynamics.
The Philippines whole furskins market was impacted by the COVID-19 pandemic due to disruptions in the global fashion and luxury industries. Reduced consumer spending on non-essential items, including luxury goods, led to decreased demand for furskins. The closure of retail outlets, cancellations of events, and travel restrictions further dampened the market`s prospects. With fashion trends shifting towards more sustainable and ethical choices, the furskins market faced challenges in adapting to changing consumer preferences. Recovery in this market would require innovative strategies to align with evolving fashion trends and sustainable practices.
The Philippine whole furskins market is largely composed of four key players: Primo Agro Trading, JJA Leathers International, Inc., The Furskin Company (TFC) and Classic Fur Exports. Primo Agro Trading is a large-scale exporter of high-grade mink and other whole furskins to the European market. JJA Leathers International, Inc. is a major supplier of rabbit fur products in the region. TFC specializes in producing processed leather goods from various types of animal hides including fox and coyote furskins while Classic Fur Exports focuses on processing and exporting premium quality wolf, beaver, muskrat and raccoon skins across Europe.