Canada: Jewelry Market 2024

Jewelry Market Size in Canada

After two years of growth, the Canadian jewelry market decreased by X% to $X in 2022. Overall, consumption, however, posted a resilient increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell slightly in the following year.

Jewelry Production in Canada

In value terms, jewelry production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production showed a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Jewelry production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Jewelry Exports

Exports from Canada

In 2022, approx. X tons of jewelry were exported from Canada; with an increase of X% compared with the previous year. In general, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, jewelry exports contracted to $X in 2022. Over the period under review, total exports indicated a moderate increase 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for jewelry exports from Canada, accounting for a X% share of total exports. Moreover, jewelry exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for jewelry exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average jewelry export price stood at $X per kg in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per kg, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to Pakistan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Canada

In 2022, purchases abroad of jewelry increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, jewelry imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Thailand (X tons), the United States (X tons) and China (X tons) were the main suppliers of jewelry imports to Canada, with a combined X% share of total imports. Italy, India, France and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jewelry suppliers to Canada were the United States ($X), India ($X) and Italy ($X), with a combined X% share of total imports. Thailand, China, France and Israel lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average jewelry import price amounted to $X per kg, rising by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price 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. Based on 2022 figures, jewelry import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per kg), while the price for Israel ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :