Jewellery and Watch Wholesaling in Australia - Industry Market Research Report

Jewellery and Watch Wholesaling in Australia - Industry Market Research Report

Jewellery and Watch Wholesaling in Australia

Operators in the Jewellery and Watch Wholesaling industry have faced challenging operating conditions in recent years. These conditions have contributed to the anticipated decline in industry revenue at an annualised 2.8% over the five years through 2022-23, to $1.7 billion. The industry's performance deteriorated sharply in 2019-20 due to falling consumer sentiment and a slump in retail sales following the COVID-19 outbreak. Government income support packages, including JobKeeper and the expanded JobSeeker schemes, improved consumer sentiment during 2020-21. However, the subsequent decline household discretionary income has driven consumer sentiment into negative territory and dampened spending on watches and jewellery products. During 2022-23, industry revenue is expected to decline by 1.9%, despite some improvement in downstream retail sales as the economy emerges from the pandemic conditions.

Industry operators wholesale jewellery, watches or clocks (including parts), and precious stones or precious metals. Businesses that primarily wholesale fashion jewellery not made with precious metals or gemstones are excluded from the industry.

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.