United Arab Emirates Handicraft market Research Report 2021-2027

Posted by arshiyashaikh on July 22nd, 2022

The UAE Handicraft Market Report thoroughly covers market by product types, distribution channel and end-user. UAE handicraft market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UAE Handicraft Market Synopsis
UAE Handicraft market witnessed a standard growth in recent years on account of growing demand from housing and hospitality sector and travel & tourism industry. The UAE, much like other parts of the Middle East, holds a rich tradition of ancient indigenous crafts including the likes of Safeefah (handwoven palm leaves), Talli (hand-braided metallic and silk embroidery), Sadu (handwoven wool) as well as sewing and pottery. Further, rising disposable income, which is expected to grow by 12.4% in 2021 coupled with growing e-commerce market, which is expected to reach billion by 2025 would drive the Handicraft market in UAE. However, the spread of covid-19 in 2020 resulted in sharp decline in import of Handicraft as well as temporary closure of malls and retail stores resulted in decreasing the overall revenues of the UAE Handicraft market by 23%. However, as travel restrictions are uplifted, demand from tourism and hospitality sector is expected to drive the growth of handicraft market in the country.

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