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  • Covid-19 EconomicImpact2020 FactSheet-1

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    Marcelo Di Napoli
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    The document summarizes the results of a survey estimating the economic impacts of COVID-19 on craft producers, makers, and retailers in Atlantic Canada. It finds that total expected losses for 2020 are $56.56 million for craft producers and makers and $38.71 million for craft retailers. Craft producers and makers reported average estimated losses of $33,738 from wholesale order cancellations during the initial isolation period from March to May 2020. Total immediate losses for that period were $11.13 million for producers and makers and $6.34 million for retailers.

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    The document summarizes the results of a survey estimating the economic impacts of COVID-19 on craft producers, makers, and retailers in Atlantic Canada. It finds that total expected losses for 2020 are $56.56 million for craft producers and makers and $38.71 million for craft retailers. Craft producers and makers reported average estimated losses of $33,738 from wholesale order cancellations during the initial isolation period from March to May 2020. Total immediate losses for that period were $11.13 million for producers and makers and $6.34 million for retailers.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    Covid-19 EconomicImpact2020 FactSheet-1

    Uploaded by

    Marcelo Di Napoli
    The document summarizes the results of a survey estimating the economic impacts of COVID-19 on craft producers, makers, and retailers in Atlantic Canada. It finds that total expected losses for 2020 are $56.56 million for craft producers and makers and $38.71 million for craft retailers. Craft producers and makers reported average estimated losses of $33,738 from wholesale order cancellations during the initial isolation period from March to May 2020. Total immediate losses for that period were $11.13 million for producers and makers and $6.34 million for retailers.

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    © All Rights Reserved
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    COVID-19

    Economic Impact 2020


    Atlantic Canada Craft Sector: April 28, 2020 Fact Sheet

    EXPECTED LOSSES 2020


    $17.85 MILLION
    $56.56 MILLION Craft Producers/
    Makers
    72% of Craft Producer/Makers
    Expected 32%
    68%
    indicated their most significant
    losses were from wholesale order
    Losses cancellations with retail shops.
    $38.71 MILLION
    Craft Retailers $33,738
    Average estimated loss per producer/
    Results of survey conducted March/April 2020 to estimate economic impacts of COVID-19 maker on wholesale orders
    on craft producers/makers and craft retailers in Atlantic Canada.

    Expected Losses per Region


    $57,941 – Atlantic Average $211,571 – Atlantic Average
    Craft Producer/Maker Business Loss for 2020 Craft Retailer Business Loss for 2020

    $37,292 $167,802
    NEWFOUNDLAND & LABRADOR NEWFOUNDLAND & LABRADOR

    $82,016 $107,142
    PRINCE EDWARD ISLAND PRINCE EDWARD ISLAND

    $59,145 $126,931
    NEW BRUNSWICK NEW BRUNSWICK

    $60,613 $389,088
    NOVA SCOTIA NOVA SCOTIA

    Note: Provincial totals are based on survey averages submitted from that province. The Atlantic averages are based on averaging all data.

    IMMEDIATE LOSSES Isolation Period: March–May 2020


    $4.79 MILLION
    $11.13 MILLION Craft Producers/Makers
    $15,552
    per business
    Immediate 43% 57%
    Losses $34,635
    $6.34 MILLION per business
    Craft Retailers
    In the initial months of social isolation measures, March to May 2020, industry losses are based on all revenue sources for the business; wholesale
    order cancellations, lost revenues from craft market and retail shops closures. A detailed overview is available at craftalliance.ca/covid-19/.

    Anna Templeton Centre


    For Craft, Art & Design

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