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 faces a slowdown in economic growth over our forecast period to 2020 on the back of greater exposure to low commodity prices, even with the 2017 recovery we forecast growth to remain below pre-2014 levels. Kuwait benefits from a high-income consumer group, which bodes well for retailers expanding into the market. We do caution that household incomes will increase far more slowly over our forecast period, leaving essentials spending ahead of non-essentials.

Headline Household Spending, per household
(2014 - 2020)
e/f = BMI estimate/forecast. Source: BMI, Central Statistics Bureau Kuwait

Key Views and Developments

  • The country's fast food market retains its appeal for foreign investment. Atlanta-based Arby's unveiled a plan to open as many as 25 stores in Kuwait and Saudi Arabia in the next seven years, while Dubai-based businessman Mohammed Alabbar acquired a majority stake in Kuwait's Americana Group, a franchisee for KFC, Pizza Hut, Costa Coffee and Baskin Robbins.

  • High-end retailers stay optimistic about Kuwait's fashion and accessories market: De Beers, Karl Lagerfeld, MCM, Lacoste and All Saints have all opened stores in the country in the first three quarters of 2016.

  • We forecast that Kuwait's retail market will maintain conservative dollar value growth, averaging 4.0% during 2016-2020, in US dollar terms. Income growth will be rather anaemic, but the expanding population will offset the deficiencies in spending.

BMI Industry View
7
SWOT
9
Retail SWOT
9
Industry Forecast
11
Headline Retail Forecast
11
Table: Total Household Spending (Kuwait 2013-2020)
13
Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020)
14
Table: Headline Retail Sector Spending (Kuwait 2013-2020)
16
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020)
18
Retail Sector Forecast
19
Food, Drink & Tobacco
20
Table: Food, Drink & Tobacco Spending (Kuwait 2013-2020)
21
Clothing & Footwear
21
Table: Clothing & Footwear Spending (Kuwait 2013-2020)
22
Household Goods
22
Table: Household Goods Spending (Kuwait 2013-2020)
23
Personal Care
24
Table: Personal Care Spending (Kuwait 2013-2020)
24
Household Numbers And Income Forecast
25
Table: Household Income Data (Kuwait 2013-2020)
26
Demographic Forecast
29
Table: Total Population (Kuwait 2013-2020)
31
Table: Population: Babies (Kuwait 2013-2020)
32
Table: Population: Young Children (Kuwait 2013-2020)
32
Table: Population: Children (Kuwait 2013-2020)
32
Table: Population: Young Teens and Older Children (Kuwait 2013-2020)
33
Table: Population: Young People (Kuwait 2013-2020)
33
Table: Population: Older Teenagers (Kuwait 2013-2020)
33
Table: Population: 21yrs + (Kuwait 2013-2020)
34
Table: Population: Young Adults (Kuwait 2013-2020)
34
Table: Population: Middle Aged (Kuwait 2013-2020)
34
Table: Population: Urban (Kuwait 2013-2020)
35
Industry Risk/Reward Index
36
Middle East And North Africa Risk/Reward Index
36
Table: Middle East And North Africa Retail Risk/Reward Index, Q316
36
Kuwait Industry Risk/Reward Index
37
Rewards
37
Risks
38
Market Overview
39
Competitive Landscape
43
Clothing & Footwear
43
Table: Selected Clothing & Footwear Retailers
43
Household Goods
44
Table: Selected Household Goods Retailers
44
Electronics
44
Table: Selected Electronics Retailers
44
Department Stores
45
Table: Selected Department Stores
45
E-Commerce
45
Table: Selected E-Commerce Retailers
45
Pharmacies
45
Table: Selected Pharmacies
45
Glossary
46
Methodology
53
Industry Forecast Methodology
53
Sources
56
Risk/Reward Index Methodology
56
Table: Retail Risk/Reward Index Indicators
57
Table: Weighting Of Indicators
59

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.