Kuwait Retail Report Q2 2016

Date: March 9, 2016
Pages: 56
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: K2E245817BCEN

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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.
BMI Industry View
Industry Forecast
Headline Retail Forecast
  Table: Total Household Spending (Kuwait 2013-2020)
  Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020)
  Table: Headline Retail Sector Spending (Kuwait 2013-2020)
  Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020)
Retail Sector Forecast
Food, Drink & Tobacco
  Table: Food, Drink & Tobacco Spending (Kuwait 2013-2020)
Clothing & Footwear
  Table: Clothing & Footwear Spending (Kuwait 2013-2020)
Household Goods
  Table: Household Goods Spending (Kuwait 2013-2020)
Personal Care
  Table: Personal Care Spending (Kuwait 2013-2020)
Household Numbers And Income Forecast
  Table: Household Income Data (Kuwait 2013-2020)
Demographic Forecast
  Table: Total Population (Kuwait 2013-2020)
  Table: Population: Babies (Kuwait 2013-2020)
  Table: Population: Young Children (Kuwait 2013-2020)
  Table: Population: Children (Kuwait 2013-2020)
  Table: Population: Young Teens and Older Children (Kuwait 2013-2020)
  Table: Population: Young People (Kuwait 2013-2020)
  Table: Population: Older Teenagers (Kuwait 2013-2020)
  Table: Population: 21yrs + (Kuwait 2013-2020)
  Table: Population: Young Adults (Kuwait 2013-2020)
  Table: Population: Middle Aged (Kuwait 2013-2020)
  Table: Population: Urban (Kuwait 2013-2020)
Industry Risk Reward Indexes
Middle East And North Africa Risk/Reward Index
  Table: Middle East And North Africa Retail Risk/Reward Index, Q216
Kuwait Industry Risk/Reward Index
Market Overview
Competitive Landscape
Clothing & Footwear
  Table: Selected Clothing & Footwear Retailers
Household Goods
  Table: Selected Household Goods Retailers
  Table: Selected Electronics Retailers
Department Stores
  Table: Selected Department Stores
  Table: Selected E-Commerce Retailers
  Table: Selected Pharmacies
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Retail Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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