Jewellery Manufacturing in Australia - Industry Market Research Report

Jewellery Manufacturing in Australia - Industry Market Research Report

Jewellery Manufacturing in Australia

The Jewellery Manufacturing industry has faced favourable operating conditions over the past five years, compared with most other Australian manufacturing industries, which are generally in decline. Industry revenue is expected to increase at an annualised 11.0% over the five years through 2022-23, to $3.6 billion. This includes an anticipated fall of 2.7% in the current year. Jewellery manufacturers have benefited from increased demand from domestic and international markets. Industry exports, which make up a significant portion of industry revenue, are expected to have grown over the five years through 2022-23. Exports are anticipated to account for 79.1% of industry revenue in the current year. Surging gold and silver prices, combined with a depreciation of the Australian dollar, supported this strong growth.

Industry operators manufacture jewellery or silverware using precious or semi-precious metal and stones. Products include fine jewellery, costume jewellery, badges and medals. Operators may also mint coins; cut diamonds and gems; and manufacture, engrave, chase or etch jewellery or precious metal. Industry firms sell these products to wholesalers or directly to retailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.