Product Code: ETC305440 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
United Arab Emirates (UAE) Silver market currently, in 2023, has witnessed an HHI of 3573, Which has increased moderately as compared to the HHI of 897 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 UAE Silver Market is a dynamic segment within the country`s precious metals industry. Silver has both industrial and investment applications, making it a valuable commodity. This market overview explores the factors influencing silver demand in the UAE, including jewelry, electronics, and silver bars/coins as investment vehicles.
The UAE Silver market is influenced by various factors, including jewelry demand, investment opportunities, and industrial applications. The allure of silver jewelry, along with silver`s role as a safe-haven investment, contributes to its market growth. Additionally, silver`s use in electronics and solar panels further bolsters its demand in the industrial sector.
The UAE silver market encounters unique challenges. One prominent issue is the volatile nature of precious metal prices, which can impact consumer demand. Regulatory compliance and quality control are also critical concerns, as maintaining the authenticity of silver products is crucial for consumer trust. Moreover, the market must navigate changing consumer preferences, as younger generations may favor digital assets over physical silver. Lastly, competition from alternative investments, like cryptocurrencies, poses a long-term challenge to the silver market`s growth.
The UAE Silver market experienced fluctuations during the COVID-19 pandemic. Economic uncertainties and shifts in consumer spending patterns influenced the demand for silver, particularly in jewelry and investment sectors. However, with the gradual stabilization of the economy and a renewed interest in precious metals as a store of value, the market has shown resilience and is gradually rebounding.
The UAE Silver Market has seen steady growth over the years, driven by both consumer demand and industrial applications. Key players in this market include renowned international jewelry brands such as Tiffany & Co., Cartier, and Bulgari. Additionally, local jewelry retailers and manufacturers play a significant role in the UAE`s silver market, with companies like Damas Jewellery and Pure Gold Jewellers contributing to the sector`s vibrancy.
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 United Arab Emirates (UAE) Silver Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Silver Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Silver Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Silver Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Silver Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Silver Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United Arab Emirates (UAE) Silver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Silver Market Trends |
6 United Arab Emirates (UAE) Silver Market, By Types |
6.1 United Arab Emirates (UAE) Silver Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Sterling Silver, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Silver Market Revenues & Volume, By German Silver, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Coin Silver, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Britannia Silver, 2021-2031F |
6.1.7 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Mexican Silver, 2021-2031F |
6.1.8 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Russian Silver, 2021-2031F |
6.1.9 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Others, 2021-2031F |
6.2 United Arab Emirates (UAE) Silver Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Silverware, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.5 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Investment, 2021-2031F |
6.2.6 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Photographic , 2021-2031F |
6.2.7 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Films, 2021-2031F |
6.2.8 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.9 United Arab Emirates (UAE) Silver Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
7 United Arab Emirates (UAE) Silver Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Silver Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Silver Market Imports from Major Countries |
8 United Arab Emirates (UAE) Silver Market Key Performance Indicators |
9 United Arab Emirates (UAE) Silver Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Silver Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Silver Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United Arab Emirates (UAE) Silver Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Silver Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Silver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |