Australia and Oceania: Bracelet Market 2023

Bracelet Market Size in Australia and Oceania

The bracelet market in Australia and Oceania skyrocketed to $X in 2021, picking up by 19% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Bracelet Production in Australia and Oceania

In value terms, bracelet production reduced markedly to $X in 2021 estimated in export price. In general, production showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 121%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bracelet Exports

Exports in Australia and Oceania

After three years of decline, overseas shipments of watch straps, bands and bracelets increased by 112% to X tons in 2021. In general, exports recorded a slight increase. The pace of growth was the most pronounced in 2017 when exports increased by 256% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bracelet exports skyrocketed to $X in 2021. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 184%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporting country with an export of about X kg, which amounted to 55% of total exports. It was distantly followed by New Zealand (X kg) and Fiji (X kg), together achieving a 40% share of total exports. The following exporters - Guam (X kg) and French Polynesia (X kg) - each accounted for a 4.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by French Polynesia (with a CAGR of +120.1%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Guam ($X) were the countries with the highest levels of exports in 2021, together accounting for 100% of total exports. These countries were followed by Fiji and French Polynesia, which together accounted for a further 0.2%.

French Polynesia, with a CAGR of +96.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Australia and Oceania stood at $X per kg in 2021, picking up by 7.3% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 326%. As a result, the export price attained the peak level of $X per kg. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+19.8%), while the other leaders experienced mixed trends in the export price figures.

Bracelet Imports

Imports in Australia and Oceania

In 2021, overseas purchases of watch straps, bands and bracelets increased by 14% to X tons, rising for the second year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bracelet imports skyrocketed to $X in 2021. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was approx. 92% of total imports in 2021. It was distantly followed by New Zealand (X tons), committing a 5.8% share of total imports.

Australia was also the fastest-growing in terms of the watch straps, bands and bracelets imports, with a CAGR of +8.6% from 2012 to 2021. At the same time, New Zealand (+1.1%) displayed positive paces of growth. While the share of Australia (+9.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-4.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported watch straps, bands and bracelets in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.9% share of total imports.

In Australia, bracelet imports expanded at an average annual rate of +18.1% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, growing by 19% against the previous year. Over the period under review, the import price showed buoyant growth. The growth pace was the most rapid in 2019 when the import price increased by 21% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.8%).

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :