$1.7bn
$XXX.Xm
2,126
555
$XXX.Xm
The Jewellery and Watch Wholesaling industry has faced challenging conditions over recent years, reflecting the impact of the COVID-19 pandemic and wide fluctuations in economic variables. Industry revenue is expected to contract at an annualised 3.6% through 2023-24, falling to $1.7 billion, including a decline of 1.0% during the current year. The industry's performance deteriorated sharply in 2019-20 and 2020-21, corresponding with the closure of many downstream jewellery retail stores under restrictions to curb the pandemic. Government income support packages, including JobKeeper and the expanded JobSeeker schemes, boosted consumer sentiment and lifted household discretionary income, but this was insufficient to offset the disruption to the downstream retailing market.
Industry revenue has declined at a CAGR of 3.6 % over the past five years, to reach an estimated $1.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Pandora | 86.0 | |
Swatch | 86.0 | |
Jewellery | 34.0 |
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Industry revenue is measured across several distinct product and services lines, including Fine metal jewellery, Watches, clocks and other items and Precious stones jewellery. Fine metal jewellery is the largest segment of the Jewellery and Watch Wholesaling in Australia.
Metal jewellery sales weakened by input price rises
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.
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ANZSIC 3732 - Jewellery and Watch Wholesaling in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry’s performance slumped with the outbreak of the COVID-19 pandemic and the closure of much of the downstream retail market. While the industry is gradually recover...
Learn about an industry's products and services, markets and trends in international trade.
Fine metal jewellery sales have declined in response to the upward trend in the world price of gold. Still, sales of precious stones jewellery have continued growing as consu...
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There is a heavy skew in industry enterprises towards New South Wales. Sydney is home to many major jewellery retailers and department stores and has a high population densit...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Jewellery and Watch Wholesale industry is facing increased competition. Internally, it struggles with price competition and differentiation; externally, it is threatened ...
Learn about the performance of the top companies in the industry.
The Jewellery and Watch Wholesaling industry is highly fragmented, with many small businesses specialising in specific products and serving small geographical regions. Wholes...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Negative consumer sentiment in the face of the hike in interest rates and the rising cost of living threatens the industry’s expansion. When consumer sentiment is positive ho...
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Purchase costs have risen as a share of industry revenue. The disruption to global supply chains during the pandemic and the depreciation of the Australian dollar have pushed...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Jewellery and Watch Wholesaling industry in Australia is $1.7bn in 2024.
There are 555 businesses in the Jewellery and Watch Wholesaling industry in Australia, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Jewellery and Watch Wholesaling industry in Australia has been declining at a CAGR of 3.6 % between 2019 and 2024.
Over the next five years, the Jewellery and Watch Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Jewellery and Watch Wholesaling market in Australia are Pandora, Swatch and Jewellery
Fine metal jewellery and Watches, clocks and other items are part of the Jewellery and Watch Wholesaling industry.
The company holding the most market share in Australia is Pandora.
The level of competition is moderate and increasing in the Jewellery and Watch Wholesaling industry in Australia.