Australia and Oceania: Jewelry Market 2024

Jewelry Market Size in Australia and Oceania

In 2022, the jewelry market in Australia and Oceania was finally on the rise to reach $X after four years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Jewelry Production in Australia and Oceania

In value terms, jewelry production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a slight decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Jewelry Exports

Exports in Australia and Oceania

In 2022, shipments abroad of jewelry increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, jewelry exports dropped to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the major exporter of jewelry in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to jewelry exports from Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, Australia ($X) remains the largest jewelry supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per kg in 2022, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per kg in 2021, and then reduced markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per kg), while New Zealand amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Jewelry Imports

Imports in Australia and Oceania

In 2022, overseas purchases of jewelry were finally on the rise to reach X tons after six years of decline. Overall, imports, however, continue to indicate a pronounced descent. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, jewelry imports skyrocketed to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), comprising a X% share of total imports. Fiji (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to jewelry imports into Australia stood at X%. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported jewelry in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per kg in 2022, increasing by X% against the previous year. In general, the import price recorded a prominent increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per kg), while Fiji ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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