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Australia - Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Aug 18, 2024

Jewelry Imports Reach An Average of $1.5 Billion in Australia for 2023

Australia Jewelry Imports

Jewelry imports into Australia declined notably to 102 tons in 2023, falling by -21% against the previous year. In general, imports showed a deep contraction. The growth pace was the most rapid in 2022 with an increase of 81%. Imports peaked at 255 tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, jewelry imports reduced to $1.5B (IndexBox estimates) in 2023. Overall, imports, however, posted measured growth. The pace of growth was the most pronounced in 2022 when imports increased by 152%. As a result, imports attained the peak of $1.5B, leveling off in the following year. Australia Jewelry Imports By Country (Million USD)

COUNTRY	Import Value of Jewelry in Australia (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
United States	168	126	124	105	148	150	171	110	64.4	170	275
France	21.0	17.5	27.9	36.4	93.0	102	149	124	118	233	202
Italy	107	92.3	91.1	100	97.2	103	128	111	67.4	186	190
India	199	129	125	125	132	139	142	119	82.7	170	173
Thailand	202	190	199	211	219	185	141	148	63.2	189	163
China	157	115	94.2	94.0	121	105	92.7	82.8	54.1	138	120
Malaysia	0.9	0.5	2.1	8.7	16.2	12.4	13.8	24.1	14.4	57.6	73.1
Hong Kong	61.9	38.8	29.1	23.2	23.2	20.5	15.4	13.7	14.4	41.4	46.1
Others	224	157	141	173	126	160	150	174	128	343	277
Total	1,141	866	834	875	975	977	1,004	907	607	1,527	1,520

Imports by Country

the United States (6.5 tons), France (4.8 tons) and Italy (4.1 tons) were the main suppliers of jewelry imports to Australia, with a combined 15% share of total imports. India, China, Thailand, Malaysia and Hong Kong lagged somewhat behind, together accounting for a further 11%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +16.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest jewelry suppliers to Australia were the United States ($275M), France ($202M) and Italy ($190M), with a combined 44% share of total imports. India, Thailand, China, Malaysia and Hong Kong lagged somewhat behind, together accounting for a further 38%.

Malaysia, with a CAGR of +54.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In 2023, silver jewelry (62 tons) constituted the largest type of jewelry supplied to Australia, accounting for a 61% share of total imports. Moreover, silver jewelry exceeded the figures recorded for the second-largest type, non-silver precious metal jewelry (30 tons), twofold. The third position in this ranking was taken by precious metal-clad goldsmiths articles of base metals (3.6 tons), with a 3.6% share.

From 2013 to 2023, the average annual rate of growth in terms of the volume of silver jewelry imports totaled -8.3%. With regard to the other supplied products, the following average annual rates of growth were recorded: non-silver precious metal jewelry (+1.1% per year) and precious metal-clad goldsmiths articles of base metals (-7.7% per year).

In value terms, non-silver precious metal jewelry ($1.4B) constituted the largest type of jewelry supplied to Australia, comprising 89% of total imports. The second position in the ranking was held by silver jewelry ($153M), with a 10% share of total imports. It was followed by silver goldsmiths non-jewelry articles, with a 0.3% share.

Import Prices by Country

In 2023, the jewelry price stood at $14,955,306 per ton (CIF, Australia), increasing by 26% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2022 an increase of 39% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($75,510,477 per ton), while the price for the UK ($4,475,447 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the jewelry market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
Prodcom 32121351 - Articles of goldsmiths
Prodcom 32121353 - Articles of goldsmiths
Prodcom 32121355 - Articles of goldsmiths

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Australia - Jewelry - Market Analysis, Forecast, Size, Trends and Insights

Jewelry Imports Reach An Average of $1.5 Billion in Australia for 2023

Australia Jewelry Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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