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NAICS Code 424350-49 Description (8-Digit)

Fur Buyers (Wholesale) are companies that purchase raw or processed animal fur from trappers, hunters, and other sources, and then sell it to manufacturers or other wholesalers. These companies may specialize in a particular type of fur, such as mink, fox, or beaver, or they may deal in a range of different furs. Fur Buyers (Wholesale) are responsible for inspecting the quality of the fur, negotiating prices with suppliers, and arranging for transportation of the fur to their own facilities or to their customers. They may also process the fur themselves, by cleaning, dyeing, or shearing it, before selling it on to their customers.

Hierarchy Navigation for NAICS Code 424350-49

Tools

Tools commonly used in the Fur Buyers (Wholesale) industry for day-to-day tasks and operations.

  • Fur grading tools
  • Fur shears
  • Fur combs
  • Fur stretchers
  • Fur sewing machines
  • Fur cleaning equipment
  • Fur dyeing equipment
  • Fur tanning equipment
  • Digital scales
  • Measuring tapes
  • Shipping supplies
  • Computers and software for inventory management and accounting

Industry Examples of Fur Buyers (Wholesale)

Common products and services typical of NAICS Code 424350-49, illustrating the main business activities and contributions to the market.

  • Mink pelts
  • Fox pelts
  • Beaver pelts
  • Coyote pelts
  • Rabbit fur
  • Chinchilla fur
  • Sable fur
  • Lynx fur
  • Raccoon fur
  • Otter fur

Certifications, Compliance and Licenses for NAICS Code 424350-49 - Fur Buyers (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Convention on International Trade In Endangered Species Of Wild Fauna and Flora (CITES): CITES is an international agreement between governments that aims to ensure that international trade in specimens of wild animals and plants does not threaten their survival. Fur Buyers (Wholesale) must comply with CITES regulations to ensure that the fur they trade is not from endangered species.
  • Fur Products Labeling Act: The Fur Products Labeling Act requires that all fur products be labeled with the name of the animal, the country of origin, and other information. Fur Buyers (Wholesale) must comply with this act to ensure that their products are properly labeled.
  • Animal Welfare Act: The Animal Welfare Act sets minimum standards for the care and treatment of animals used in research, exhibition, transport, and by dealers. Fur Buyers (Wholesale) must comply with this act to ensure that the animals they trade are treated humanely.
  • Endangered Species Act: The Endangered Species Act provides for the conservation of endangered and threatened species and the ecosystems upon which they depend. Fur Buyers (Wholesale) must comply with this act to ensure that the fur they trade is not from endangered species.
  • International Fur Trade Federation Certification: The International Fur Trade Federation Certification is a voluntary certification program that ensures that fur products are ethically sourced and produced. Fur Buyers (Wholesale) can obtain this certification to demonstrate their commitment to ethical practices.

History

A concise historical narrative of NAICS Code 424350-49 covering global milestones and recent developments within the United States.

  • The fur trade has been a significant industry worldwide for centuries, with fur buyers playing a crucial role in the supply chain. In the early 17th century, the fur trade was a significant driver of the North American economy, with European traders exchanging fur pelts with Native Americans for goods such as weapons and textiles. The industry continued to grow, with the establishment of fur trading posts and the development of new technologies for processing and transporting furs. In the 20th century, the industry faced challenges due to changing fashion trends and concerns about animal welfare. However, fur buyers adapted to these changes, and the industry continues to thrive today. In recent history, the United States has been a significant player in the global fur trade, with New York City serving as a hub for fur buyers and sellers. The industry has faced challenges in recent years due to changing consumer preferences and increased scrutiny of the use of animal products in fashion. However, fur buyers have continued to adapt to these changes, and the industry remains an important part of the US economy.

Future Outlook for Fur Buyers (Wholesale)

The anticipated future trajectory of the NAICS 424350-49 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Fur Buyers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fur products in the fashion industry. The industry is also expected to benefit from the growing popularity of sustainable and ethical fashion, which has led to an increased demand for fur products that are sourced responsibly. Additionally, the industry is expected to benefit from the growing popularity of e-commerce, which has made it easier for wholesalers to reach a wider audience. However, the industry may face challenges from animal rights activists who are opposed to the use of fur products in fashion. Overall, the industry is expected to grow steadily in the coming years, driven by increasing demand for fur products and the growing popularity of sustainable and ethical fashion.

Industry Innovations for NAICS Code 424350-49

Recent groundbreaking advancements and milestones in the Fur Buyers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Sustainable and Ethical Fur: Many fur buyers (wholesale) in the USA are now sourcing their fur products from suppliers who use sustainable and ethical practices. This has become increasingly important in the fashion industry, as consumers are becoming more conscious of the environmental and ethical impact of their purchases.
  • Online Sales: Many fur buyers (wholesale) in the USA are now selling their products online, which has made it easier for them to reach a wider audience. This has also made it easier for retailers to purchase fur products in bulk, as they can now do so online.
  • Customization: Some fur buyers (wholesale) in the USA are now offering customization services to their customers. This allows customers to create unique fur products that are tailored to their specific needs and preferences.
  • Use Of Technology: Some fur buyers (wholesale) in the USA are now using technology to improve their operations. For example, some are using software to manage their inventory and track sales, while others are using drones to survey their fur farms.
  • Collaboration with Fashion Designers: Some fur buyers (wholesale) in the USA are now collaborating with fashion designers to create unique fur products. This has helped to increase the visibility of the industry and has led to the creation of new and innovative fur products.

NAICS Code 424350-49 - Fur Buyers (Wholesale)

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