Kuwait Retail Report

Providing expert analysis, independent forecasts and competitive intelligence on the retail industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Retail Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Kuwait Retail Report
Product Price
$1,295.00

BMI View: Kuwait's economy has been forced to shift its focus dramatically , following the recent drop in oil prices. While the country has a robust financial foundation, the economy is not diversified and this will minimise the possibility of sizable income gains in Kuwait households. The non-essential purchases will be impacted the hardest, with many Kuwaiti's shifting a large part of their budget to the housing sub-sector throughout our forecast period.

Key Updates and Forecasts

  • We expect household consumption to continue to climb, thanks to increasing affluence and wages.

  • The share of households in the USD50,000 plus income bracket will continue to expand, reaching 16.4% in 2016.

  • Kuwait's population will grow rapidly by 2.1% annually throughout the forecast period, due to growing immigration of both skilled and unskilled labour.

  • Housing & utilities will be the largest sub-sector of household spending, accounting for approximately 29.3% of the total in 2016, due to rising rental prices and increased spending on houses and apartments.

  • We expect total household spending growth to pick up notably over our forecast period and average 4.4% per annum between 2016 and 2020. Increasing household incomes bodes well for the retail sector on the whole however non-essentials spending will post much slower growth than that of essential spending.

Headline Household Spending
2014-2020
BMI/Central Statistics Bureau Kuwait
BMI Industry View
7
SWOT
9
Industry Forecast
11
Headline Retail Forecast
11
Table: Total Household Spending (Kuwait 2013-2020)
12
Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020)
13
Table: Headline Retail Sector Spending (Kuwait 2013-2020)
14
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020)
16
Retail Sector Forecast
17
Food, Drink & Tobacco
19
Table: Food, Drink & Tobacco Spending (Kuwait 2013-2020)
19
Clothing & Footwear
20
Table: Clothing & Footwear Spending (Kuwait 2013-2020)
21
Household Goods
21
Table: Household Goods Spending (Kuwait 2013-2020)
22
Personal Care
22
Table: Personal Care Spending (Kuwait 2013-2020)
23
Household Numbers And Income Forecast
23
Table: Household Income Data (Kuwait 2013-2020)
25
Demographic Forecast
26
Table: Total Population (Kuwait 2013-2020)
29
Table: Population: Babies (Kuwait 2013-2020)
29
Table: Population: Young Children (Kuwait 2013-2020)
29
Table: Population: Children (Kuwait 2013-2020)
30
Table: Population: Young Teens and Older Children (Kuwait 2013-2020)
30
Table: Population: Young People (Kuwait 2013-2020)
30
Table: Population: Older Teenagers (Kuwait 2013-2020)
31
Table: Population: 21yrs + (Kuwait 2013-2020)
31
Table: Population: Young Adults (Kuwait 2013-2020)
31
Table: Population: Middle Aged (Kuwait 2013-2020)
32
Table: Population: Urban (Kuwait 2013-2020)
32
Industry Risk Reward Indexes
33
Middle East And North Africa Risk/Reward Index
33
Table: Middle East And North Africa Retail Risk/Reward Index, Q216
33
Kuwait Industry Risk/Reward Index
34
Rewards
34
Risks
35
Market Overview
36
Competitive Landscape
40
Clothing & Footwear
40
Table: Selected Clothing & Footwear Retailers
40
Household Goods
41
Table: Selected Household Goods Retailers
41
Electronics
41
Table: Selected Electronics Retailers
41
Department Stores
42
Table: Selected Department Stores
42
E-commerce
42
Table: Selected E-Commerce Retailers
42
Pharmacies
42
Table: Selected Pharmacies
42
Glossary
43
Methodology
50
Industry Forecast Methodology
50
Sources
53
Risk/Reward Index Methodology
53
Table: Retail Risk/Reward Index Indicators
54
Table: Weighting Of Indicators
56

The Kuwait Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Kuwait Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

  • Benchmark BMI's independent retail industry forecasts for Kuwait to test other views - a key input for successful budgeting and strategic business planning in the Kuwaiti retail market.
  • Target business opportunities and risks in Kuwait through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

There are four separate 5-year forecast modules in the retail reports. These are:

  • Headline Retail Forecast: Total household spending (local currency and USDbn, % growth, % GDP, per capita, per household), spending by retail sector (food & non-alcoholic drink, alcoholic drink, clothing & footwear, housing & utilities, furnishings & home, health, transport, recreation, education, restaurants & hotels, personal care & insurance (local currency and USDbn, % growth, % GDP, % of total spending)
  • Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tablewear, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (USDbn, % Growth)
  • Household Income and Numbers Forecast: Number of Households (‘000, % growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes – USD5000+, USD10,000+ USD50000+ (‘000, % of total); labour force, employment and unemployment (‘000, % change)
  • Demographic Forecast: Total population; Babies 0-12 months; Young Children 0-4yrs; Children 5-9yrs; Young Teens and Older Children 10-14yrs; Older Teens 15-19yrs; Adults 21yrs +; Young Adults 21-29yrs; Middle Aged 40-64yrs (‘000, % growth, male, female); Urban Population (‘000, % population); Rural Population (‘000, % population).

BMI’s Retail Risk Reward Index

BMI’s Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

Provides a detailed country-specific analysis of the key trends and developments in the retail sector as a whole, as well as an assessment of the main drivers affecting the major retail segments including mass grocery retail, fashion, pharmacies, consumer electronics, home improvement and personal care. The market overview also considers the most effective store formats in a given country and the impact of these factors on the main international and domestic players’ development strategies.

Competitive Landscape

This provides a brief overview of the key players in each subsection of the retail sector including MGR, Fashion, Home Improvement, Consumer Electronics, Pharmacies, and Department Store chains.

Sources

The Retail Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.