Industry Analysis & Industry Trends
Players operating in this industry manufacture a wide range of jewellery and other goldsmiths’ articles. International trade has a significant influence on the industry, but both import and export figures are highly inflated by re-exports. The industry is expected to decline at a compound annual rate of 1.7% over the five years through 2016-17, primarily due to weak domestic demand at the start of the period and robust import competition. In addition, reductions in manufacturing capacity also contributed to the decline in industry revenue. Export revenue increased over the five years through 2016-17, which slowed the fall in revenue. Industry revenue is also influenced by trends in material prices, such as the price of gold... purchase to read more
Industry Report - Industry Investment Chapter
Comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies, determines the level of capital intensity. High depreciation costs indicate substantial investment in depreciable assets, such as buildings and equipment, resulting in high capital intensity. Conversely, high wage costs indicate high labour intensity.
The Jewellery Manufacturing industry uses various types of machinery and equipment, displaying a moderate level of capital intensity. However, capital expenditure is restricted because a large proportion of firms are small and do not have the financial capability to invest in expensive equipment. Meanwhile, jewellery manufacturing can be labour intensive when it involves the input of experienced designers and craftsmen. Nev.. purchase to read more