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September 2018 Market Report

At its September 2018 auction, the Swakara industry felt the impact of the current challenging international fur market. The entire fur value-chain is saturated at this stage, resulting in selective buying. This is mainly due to the overproduction of especially mink skins the last couple of years, paired with lower buying power at the consumer end in dire economic times.

A positive result of the Kopenhagen Fur auction on 2 September was that 100% of the Swakara offer was sold. Buyers from Denmark bought the most skins, followed by buyers from Greece and Italy. Notably fewer Chinese buyers turned up.

An average price of N$462.42 was achieved for the 23 326 pelts – a decrease of almost 3% compared to the March auction when the 41 809 pelts fetched an average price of N$476.38. In Danish krone the average was DKK202.45 – a price drop of 15,8% compared to March. The auction consignment consisted of 14 797 black (63,5%), 6 860 white (29,4%), 1 391 spotted (5,9%) and 278 diverse pelts (1,2%).

The black Top Lot of 44 D Flat Selected pelts was sold for N$1 598.87 each to Charley Intl. Holding Ltd, a buyer from China. The white Top Lot 38 White KF Selected pelts sold for N$1 416.14 per pelt to Morisco Denmark A/S on behalf of the Moscow fur dealer Victor Konstantinopolski.

The average price achieved for black Swakara pelts was N$383.50, a decrease of 6% compared to March. White pelts sold for an average N$705.12, representing a 4% decline compared to March 2018. The sharpest price drop of 34% was experienced for the lower quality spotted pelt lots which sold for N$175.79 on average.

The auction was attended by 13 successful bidders buying Swakara. The buyer who bought the most Swakara pelts (5 195 pelts) was Thomas Rebilt from Morisco Denmark A/S, followed by Bourtsos from Greece (5 056 pelts).

The top Namibian producer with more than 250 pelts was Raynoldt Losper, he achieved an average price of N$903.41 for his 265 pelts. The top South African producer was IJ Louw who fetched R543.53 on average for his 318 pelts.

 

March 2018 Market report

The Swakara industry once again had a good international pelt auction, amidst a fur market that is still experiencing an overproduction of mink skins and has not fully recovered from the recent global economic crisis. The auction was held in Copenhagen, Denmark on Sunday, the 18thof March 2018 and 100% of Swakara’s offering was sold.

An average price of N$476.38 was achieved for the 41 809 pelts that were sent to the auction by the Agra Pelt Centre. This is a price decrease of 4.1%, compared to the auction prices of September 2017, where an average price of N$496.98 was achieved for a total of 39 007 pelts.

However, in Danish Krone the average was DKK240.57, an increase of 0.11% compared to September 2017’s auction.

The March 2018 consignment consisted of 26 601 black (63.6%), 10 920 white (26.12%), 3 513 spotted (8.4%) and 775 diverse pelts (1.8%).

The black top lot, 70 O Light Selected Extra pelts, was sold for N$1 980.20 to Konstantinou Furs, a fur retailer from Kastoria, Greece. The white top lot, 50 White KF Selected pelts, was sold to Yury Polyakov, a Russian retailer, for N$2 178.22 per pelt.

English buyers bought the most pelts, with Greece buyers second in line and Hong Kong third. More Chinese buyers also attended the auction.

The average price achieved for black Swakara pelts was N$408.48, a decrease of 11.01% compared to September 2017’s international auction. White pelts achieved an average price of N$735.95, a decrease of 4.13% compared to September 2017’s auction. The price for spotted pelts sold at an average of N$267.81 – an increase of 4.05% compared to September 2017’s auction.

The auction was attended by 25 successful bidders. The buyer who bought the most Swakara pelts, was Hurwitz Exports Limited, based in England. Hurwitz bought 36 lots with 9 647 pelts, followed by Bourtsos from Greece, who bought 5 841 Swakara pelts.

Although there were more active buyers at the auction compared to September 2017, they were more selective in their buying. High quality pelts received good prices, compared to the lower quality pelts that received prices that were below expectation.

The Namibian producer who achieved the best average price for more than 250 pelts at this auction, was Karasberge Karakoel Stoet, who achieved an average price of N$879.78 for 381 pelts.

The top South African producer was LJ Kotze, who sold 663 pelts at an average of price of R 588.48.