Australia and Oceania: Jewelry Market 2024

Jewelry Market Size in Australia and Oceania

The jewelry market in Australia and Oceania rose remarkably to $X in 2022, surging by 12% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Jewelry Production in Australia and Oceania

In value terms, jewelry production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 578%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Jewelry Exports

Exports in Australia and Oceania

In 2022, shipments abroad of jewelry increased by 23% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, jewelry exports amounted to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 32%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) was the key exporter of jewelry, mixing up 85% of total exports. It was distantly followed by New Zealand (X tons), achieving a 14% share of total exports.

Australia was also the fastest-growing in terms of the jewelry exports, with a CAGR of -2.2% from 2012 to 2022. New Zealand (-7.4%) illustrated a downward trend over the same period. While the share of Australia (+9.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest jewelry supplier in Australia and Oceania, comprising 75% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -2.3%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per kg in 2022, falling by -15.9% against the previous year. In general, the export price, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2019 an increase of 61% against the previous year. Over the period under review, the export prices hit record highs at $X per kg in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per kg), while Australia totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+17.3%).

Jewelry Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of jewelry was finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, jewelry imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Australia represented the main importer of jewelry in Australia and Oceania, with the volume of imports recording X tons, which was approx. 83% of total imports in 2022. It was distantly followed by New Zealand (X tons), making up a 13% share of total imports.

Imports into Australia decreased at an average annual rate of -7.5% from 2012 to 2022. New Zealand (-3.0%) illustrated a downward trend over the same period. While the share of New Zealand (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-5.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported jewelry in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +6.6%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per kg, with an increase of 15% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2018 when the import price increased by 40%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per kg), while New Zealand stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.3%).

Source: IndexBox Platform

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