All that glitters: Declining input prices will benefit industry profit margins

The Jewellery Manufacturing industry in Canada has been highly volatile over the five years to 2018. While the industry has benefited from rising consumer spending and a depreciation in the Canadian dollar that helped to boost exports early in the reporting period, it has suffered throughout from declining commodity prices, which have diminished product prices alongside severe volatility in total export revenue. Overall, industry revenue has fallen. Over the five years to 2023, the industry is forecast to return to growth, in line with its long-term expansion. While the prices of silver and gold are forecast to decline slightly over the next five years, rising uncertainty about the 2020 US elections, will likely spur increased purchases of industry products...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-11.1%
Forecast Growth 18-23
Profit
Employment
3,795
Businesses
1,104

Industry Threats & Opportunities

  • Fluctuating international trade conditions have played a significant role in industry revenue fluctuations
  • International trade has played an instrumental role in industry fortunes
  • Industry export figures and industry performance overall will continue to be linked closely
  • Industry Report - Industry SWOT Analysis Chapter

    This industry is in the mature phase of its life cycle. Industry value added, which measures an industry's contribution to the overall economy, is expected to rise at an annualized 1.4% over the 10 years to 2023, while Canada's GDP is forecast to grow at an average annual rate of 1.9% over the same period. While IVA growth below GDP growth is typically indicative of a declining industry, industry revenue and profitability are linked to commodity prices that are not linked to the Canadian economy as a whole and can cause significant revenue fluctuations, and so the industry can often be out of sync with the overall economy.Furthermore, the industry does exhibit many characteristics of a mature industry. For...purchase to read more.

    Additional Insights for the Jewellery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewellery Manufacturing Industry are

  • Access to a highly skilled workforce
  • Access to niche markets
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as World price of gold and Canadian-dollar effective exchange rate index in the Jewellery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Jewellery Manufacturing Industry?

    This industry manufactures jewellery or silverware using precious or semi-precious metals and stones. Costume jewellery manufacturers, specialty coin producers and lapidaries (artisans who form stones, minerals and other durable materials into decorative items) are also included in this industry.

    Industry Products
  • Nonprecious metal jewellery
  • Precious metal jewellery
  • Minted coins
  • Industry Activities
  • Manufacturing gold jewellery
  • Manufacturing diamond jewellery
  • Manufacturing silver jewellery
  • Manufacturing platinum jewellery
  • Manufacturing silverware
  • Manufacturing costume jewellery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of gold
  • Canadian-dollar effective exchange rate index
  • Per capita disposable income
  • World price of silver

  • Current Performance
  • Input prices, demand and profit
  • International trade
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand and trade
  • Profit and industry participation
  • Potential threats
  • Table: Jewellery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Jewellery & Watch Wholesaling in Canada
  • Jewellery Stores in Canada
  • Department Stores in Canada

  • Key Selling Industries
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Gold & Silver Ore Mining in Canada
  • Mineral & Phosphate Mining in Canada
  • Stone Mining in Canada

  • Products & Services
  • Minted coins
  • Precious metal jewellery
  • Nonprecious metal jewellery
  • Chart: Jewellery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Wholesalers
  • Retailers
  • Chart: Major Market Segmentation for the Jewellery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery Manufacturing Industry

  • Industry Globalization
    Royal Canadian Mint,
  • Table: Royal Canadian Mint - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Jewellery Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World price of gold (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alloy
  • A mixture containing two or more elements that dissolve into each other when molten.
  • Bridal Sets
  • A set of rings that includes an engagement ring and a matching wedding ring or band.
  • Costume Jewellery
  • Jewellery that is made of less precious stones and metals, therefore having a lower price point.
  • Lapidary
  • A precious metal worker whose skills involve cutting and engraving; also, any work involving precious metal cutting or engraving.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewellery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Jewellery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Jewellery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Jewellery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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