Industry Report - Jewelry Manufacturing in China.pdf
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1、CONTENTS Error! No text of specified style in document. September 2011 | 1-800-330-3772 | IBISWorld Industry Report 4218 Jewelry Manufacturing in China September 2011 About This Industry . 2 Industry Definition . 2 Main Activities . 2 Similar Industries 2 Additional Resources 2 Industry Performanc
2、e 4 Executive Summary 4 Key External Drivers . 4 Current Performance 5 Industry Outlook 9 Industry Life Cycle 11 Products & Markets . 12 Supply Chain 12 Products & Services . 13 Demand Determinants 14 Major Markets . 15 International Trade 16 Business Locations . 17 Competitive Landscape . 19 Market
3、 Share Concentration . 19 Key Success Factors 19 Cost Structure Benchmarks 21 Basis of Competition 22 Barriers to Entry . 23 Industry Globalization 24 Major Companies 25 Shanghai Laofengxiang Co., Ltd. . 25 Chow Tai Fook Group 26 Conghua Donglin Diamond Co., Ltd. . 28 Kinye Group . 29 ZheJiang Sun &
4、 Moon Jewellery Group 29 Other Players . 30 Operating Conditions 35 Capital Intensity . 35 Technology & Systems 35 Revenue Volatility 36 Regulation & Policy 36 Industry Assistance 37 Key Statistics . 38 Industry Data 38 Annual Change 39 Key Ratios 40 Jargon 40 Jewelry Manufacturing in China WWW.IBIS
5、WORLD.COM.CN Jewelry Manufacturing in China September 2011 2 About This Industry Industry Definition Firms in this industry manufacture a wide range of jewelry products, including necklaces, rings, earrings, bracelets, brooches, diamond jewelry, cultured pearl jewelry, precious or semi-precious ston
6、e jewelry, as well as jewelry parts and components. The industrys products are made from precious metals (gold, silver and platinum), precious metal alloys, diamonds, emeralds, pearls, jade and other precious and semi- precious stones. Main Activities The primary activities of this industry are: Man
7、ufacturing jewelry parts and components Manufacturing necklaces, rings, earrings, bracelets and brooches from precious and semi-precious gems and metals Processing cultured pearls Processing non-industrial diamonds The major products and services in this industry are: Gold and K-gold jewelry Other j
8、ewelry Precious stone jewelry Diamond jewelry Platinum jewelry Similar Industries 3145 - Glass Products Manufacturing in China Manufacturers in this industry produce glass products for daily use, including jewelry items made from glass. 4211 - Carving Products in China Establishments in this industr
9、y produce carved products from wood, bamboo, clay and plaster. 4212 - Metal Handicraft in China Establishments in this industry produce metal handicrafts from copper, iron and tin. 4213 - Lacquerware in China Establishments in this industry produce lacquer ware, using wood, plastics, copper, cloth a
10、nd cashew paint as major raw materials. 4219 - Other Craft Manufacturing in China Establishments in this industry produce crafts such as imitation jewelry, costume jewelry, decorative umbrellas, ivory fans and other craft items. Additional Resources For additional information on this industry: WWW.I
11、BISWORLD.COM.CN Jewelry Manufacturing in China September 2011 3 Gem & Jewelry Trade Association of China National Tourism Administration of China China Trade Associations & Chambers of Commerce China Jewelry Network National Bureau of Statistics China WWW.IBISWORLD.COM.CN Jewelry Manufacturing
12、in China September 2011 4 Industry Performance Executive Summary During 2011, industry revenue is expected to increase by 15.2% to $45.29 billion, with annualized increases of 10.9% in the past five years. There are expected to be 11,017 enterprises operating within the industry in 2011, employing o
13、ver 942,000 workers with an estimated payroll of $3.07 billion. China is the second- largest jewelry manufacturing and consuming country in the word, supplying a vast domestic market and many foreign countries. Over the five years through 2016, industry revenue is expected to increase at an average
14、annualized rate of 8.7%, totaling $68.82 billion by 2016. Industry revenue was low in 2009, with growth of 8.6% due to the global financial crisis, concerns about future household income growth, and export declines. However, with economic recovery and rising foreign demand, industry revenue rebounde
15、d strongly by 20.6% in 2010 and solid growth is expected in 2011. Exports are forecast to amount to $6.65 billion in 2011, up 13.0% from 2010, and account for 14.7% of industry revenue. Weaker foreign demand in 2009 resulted in jewelry exports dropping by 18.1% for the year. As a proportion of indus
16、try revenue, jewelry exports peaked at 20.4% in 2007 as high demand and stable prices drove greater foreign revenue growth. Competing imports are forecast to total $3.32 billion in 2011, up 14.6% from 2010, and account for 7.9% of domestic demand for the year. This follows a 43.3% plunge in 2009 as
17、Chinese consumers cut expenditure on foreign-sourced luxury goods as the global financial crisis intensified. Key External Drivers The key sensitivities affecting the performance of the Jewelry Manufacturing industry include: Age Group (30-64) Most jewelry customers in China are aged above 25 years.
18、 The rising number of people above 25 years of age contributes to increasing domestic demand. Downstream Demand - Jewelry Stores Jewelry retailing is an important market channel for this industry. Downstream demand from jewelry stores will influence output and sales volume of jewelry manufactured in
19、 China. Import Taxes (Duties) Since 2001, import tax rates for jewelry have been reduced. This has reduced imported jewelry costs and promoted jewelry import volumes from 2002 to 2008. Per Capita Disposable Income As a luxury good, jewelry is priced higher than common goods. Per capita disposable in
20、come level directly affects the consumption power of people and heavily influences jewelry demand. World demand Exports are important for many enterprises in this industry, especially for small and medium-size enterprises. The sales value of these is mainly from jewelry processing businesses for for
21、eign clients. World Prices - Minerals In China, some raw materials for jewelry processing are imported on a large scale, such as diamonds and platinum. Changes in world prices of these raw materials will affect production costs of this industry. WWW.IBISWORLD.COM.CN Jewelry Manufacturing in China Se
22、ptember 2011 5 Current Performance Prior to 1999, the government controlled the industry by restricting the sale and trade of products made of gold and silver. These restrictions were subsequently abolished and a 10% consumption tax placed on jewelry items at either the manufacturing or retailing le
23、vel. The industry experienced strong yet volatile growth in the five years to 2011, with annualized growth of 10.9% during this period. Industry growth has been driven by higher domestic demand, export growth and greater jewelry prices. China has become the second-largest production base and consump
24、tion market of jewelry in the world. Industry revenue Industry revenue is forecast to increase by 15.2% in 2011. Domestic consumer confidence gradually recovered from the global financial crisis, which started in late 2008 and continued through 2009. Gold and other precious metal prices are expected
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