Crown jewel: External competition has constrained industry revenue growth despite strong demand conditions

The Jewellery and Watch Wholesaling industry in Canada has experienced moderate volatility over the five years to 2019. To some extent, industry revenue is linked to commodity prices, with the most valuable being gold, platinum and silver. Gold prices have weakly risen, while platinum and silver prices have fallen considerably, which has constrained potential revenue growth. Industry performance has been constrained overall, however, by rising competition alongside commodity price declines. While the price of gold fell sharply during the first half of the reporting period, it has since increased. Revenue for the Jewellery and Watch Wholesaling industry is forecast to grow more slowly over the five years to 2024...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
3.0%
Forecast Growth 19-24
Profit
Employment
2,741
Businesses
1,136
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • High levels of household debt will contribute to weak consumer confidence
  • The industry has close relationships with the upstream manufacturing sector
  • Industry growth is forecast to slow in response to shifting demand conditions
  • Industry Report - Industry Investment Chapter

    The Jewellery and Watch Wholesaling industry in Canada has a low level of capital intensity. IBISWorld estimates that for every dollar spent on labour, the industry spends $0.10 on capital. Since the main function of this industry is that of distribution, it does not require a lot of machinery and other capital goods required by manufacturing industries. Additionally, jewellery is not a perishable commodity. While certain kinds of jewellery and watches require specific storage conditions, their cost is relatively low. Industry operators do have to spend money on an assortment of related necessities, such as warehousing, transportation and inventory management systems, which form the bulk of capital expenditure incurred by this industry...purchase to read more.

    Additional Insights for the Jewellery & Watch Wholesaling Industry

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

  • Ability to alter goods and services produced in favour of market conditions
  • Ability to clearly specify requirement to suppliers/contractors
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Demand from retail trade in the Jewellery & Watch Wholesaling industry impact industry performance..

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    What's in this report

    What is the Jewellery & Watch Wholesaling Industry?

    This industry wholesales fine jewellery, costume jewellery, watches, clocks, precious metals, metal flatware, precious and semiprecious stones, silverware and jewellers’ findings. This industry does not include the wholesale of precious metal ores or flatware made of nonprecious metal.

    Industry Products
  • Diamonds and diamond jewellery
  • Watches, clocks and parts
  • Precious metals
  • Silverware and plated jewellery
  • Karat gold
  • Costume jewellery
  • Industry Activities
  • Wholesaling jewellery, precious and semiprecious stones
  • Wholesaling precious metals and metal flatware
  • Wholesaling costume jewellery
  • Wholesaling watches, clocks and silverware
  • Table of Contents

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

  • Current Performance
  • Commodity prices and industry revenue
  • Domestic demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand conditions
  • External competition
  • Industry landscape
  • Table: Jewellery & Watch Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery & Watch Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Jewellery Stores in Canada
  • Department Stores in Canada
  • E-Commerce & Online Auctions in Canada

  • Key Selling Industries
  • Jewellery Manufacturing in Canada

  • Products & Services
  • Precious metals
  • Diamonds and diamond jewellery
  • Watches, clocks and parts
  • Other
  • Costume jewellery
  • Silverware and plated jewellery
  • Karat gold
  • Chart: Jewellery & Watch Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers and distributors
  • Retailers
  • Other
  • Manufacturing and mining industries
  • Chart: Major Market Segmentation for the Jewellery & Watch Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery & Watch Wholesaling

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery & Watch Wholesaling Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery & Watch Wholesaling 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 & Watch Wholesaling Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Consumer confidence index (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Canadian Effective Exchange Rate Index
  • This index measures the value of the Canadian dollar against Canada's main trading partners. When the index rises, it reflects an appreciation of the Canadian dollar in foreign markets.
  • Cultured Pearl
  • A pearl created by a pearl farmer under controlled circumstances.
  • Wholesale Bypass
  • The practice of sourcing directly from manufacturers or third-party contractors, eliminating the middlemen from the supply chain.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewellery & Watch Wholesaling market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 & Watch Wholesaling:
    • 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 & Watch Wholesaling 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 & Watch Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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