Product Code: ETC305428 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Silver market currently, in 2023, has witnessed an HHI of 5222, Which has increased moderately as compared to the HHI of 2718 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The demand for silver in Indonesia has been steadily rising over the past few years due to its use in jewelry making as well as other industrial applications such as catalysts, electrical contacts, batteries and photography. According to a report published by 6wresearch, Indonesia imported around 64 tons of silver worth USD26 million that year. India remains one of the leading suppliers of silver into Indonesia accounting for roughly 30 percent share followed by Thailand just behind at 28 percent.
The Indonesia Silver market`s outlook is influenced by factors such as jewelry demand, investment opportunities, and global silver prices. Silver has cultural and economic significance in Indonesia, with applications ranging from traditional jewelry to modern electronics. The market`s growth could be driven by trends in luxury consumption, technological advancements, and the increasing use of silver in renewable energy technologies.
Challenges may include maintaining a balance between supply and demand, managing market volatility, and promoting sustainable sourcing practices.
The COVID-19 pandemic had an impact on the market, with disruptions in the supply chain and changes in consumer spending patterns. As people prioritized essential goods over luxury items during the pandemic, the silver market might have experienced temporary setbacks. However, as the situation improves and consumer confidence returns, the market is likely to rebound, driven by jewelry demand, investment considerations, and traditional uses.
The silver market outlook in Indonesia could be influenced by factors like jewelry demand, investment trends, and industrial usage. The demand for silver in jewelry and other applications may drive the market. Key players might encompass jewelry manufacturers, precious metal traders, and industrial suppliers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Silver Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Silver Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Silver Market - Industry Life Cycle |
3.4 Indonesia Silver Market - Porter's Five Forces |
3.5 Indonesia Silver Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Silver Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Indonesia Silver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income among the middle-class population in Indonesia |
4.2.2 Increasing trend towards silver jewelry as a fashion statement |
4.2.3 Rise in online retailing and e-commerce platforms promoting silver jewelry |
4.3 Market Restraints |
4.3.1 Fluctuating silver prices in the global market affecting import costs |
4.3.2 Competition from other affordable jewelry materials like stainless steel or brass |
4.3.3 Impact of economic instability on consumer spending behavior |
5 Indonesia Silver Market Trends |
6 Indonesia Silver Market, By Types |
6.1 Indonesia Silver Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Silver Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Indonesia Silver Market Revenues & Volume, By Sterling Silver, 2021-2031F |
6.1.4 Indonesia Silver Market Revenues & Volume, By German Silver, 2021-2031F |
6.1.5 Indonesia Silver Market Revenues & Volume, By Coin Silver, 2021-2031F |
6.1.6 Indonesia Silver Market Revenues & Volume, By Britannia Silver, 2021-2031F |
6.1.7 Indonesia Silver Market Revenues & Volume, By Mexican Silver, 2021-2031F |
6.1.8 Indonesia Silver Market Revenues & Volume, By Russian Silver, 2021-2031F |
6.1.9 Indonesia Silver Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Indonesia Silver Market Revenues & Volume, By Others, 2021-2031F |
6.2 Indonesia Silver Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Silver Market Revenues & Volume, By Silverware, 2021-2031F |
6.2.3 Indonesia Silver Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Indonesia Silver Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.5 Indonesia Silver Market Revenues & Volume, By Investment, 2021-2031F |
6.2.6 Indonesia Silver Market Revenues & Volume, By Photographic , 2021-2031F |
6.2.7 Indonesia Silver Market Revenues & Volume, By Films, 2021-2031F |
6.2.8 Indonesia Silver Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.9 Indonesia Silver Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
7 Indonesia Silver Market Import-Export Trade Statistics |
7.1 Indonesia Silver Market Export to Major Countries |
7.2 Indonesia Silver Market Imports from Major Countries |
8 Indonesia Silver Market Key Performance Indicators |
8.1 Average order value (AOV) for silver jewelry purchases |
8.2 Percentage of online sales in the total silver jewelry market |
8.3 Consumer sentiment index towards silver jewelry trends |
8.4 Number of new designs or collections launched in the market |
8.5 Percentage of repeat customers in the silver jewelry segment |
9 Indonesia Silver Market - Opportunity Assessment |
9.1 Indonesia Silver Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Silver Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Silver Market - Competitive Landscape |
10.1 Indonesia Silver Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Silver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |