Kuwait Consumer Electronics Report Q1 2016

Date: December 30, 2015
Pages: 54
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: K4A8238DA79EN

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Includes 3 FREE quarterly updates

BMI View: We downgraded the outlook for 2015 in our Q415 report update to reflect the drag on demand coming from a weak Kuwait economic outlook due to the prolonged global oil price slump, a factor that was weighing in on consumer confidence. Nevertheless, we believe the market will return to positive growth in 2016 as population grows and the economy stabilises in 2016 and beyond, over the course of our forecast period. Opportunities will still remain limited compared to emerging markets due to the high penetration of smartphones and tablets, which means there remains only a small pool of first time buyers for vendors to target. Nevertheless, Kuwait has one of the highest GDP per capita levels in the world and consumers have demonstrated their preference for luxury items and fashionable brands such as Apple. We expect this trend to continue over the next four years, ensuring Kuwait's consumer electronics market remains highly lucrative in per capita terms.
Latest Updates And Industry Developments
  • PC Sales: USD407mn in 2015 to USD396mn in 2016. Economic weakness will exacerbate the negative trend due to contraction in the tablet market and a high degree of overall saturation.
  • AV Sales: USD333mn in 2015 to USD338mn in 2016, up 1.5% in US dollar terms. Forecast was downgraded in Q415, with economic weakness expected to result in deferred purchases and substitution for cheaper models. The market will return to growth in 2016 and remain positive until 2018.
  • Handset Sales: USD572mn in 2015 to USD584mn in 2016, an increase of 2.1% in US dollar terms.
Although smartphone penetration is high in Kuwait, which will see demand growth decelerate, the high replacement rate and premium orientation of Kuwaiti nationals will ensure the market remains buoyant in 2016.
BMI Industry View
Latest Updates And Industry Developments
Consumer Electronics Market
Industry Forecast
Latest Updates
Structural Trends
    Table: Consumer Electronics Overview (Kuwait 2013-2019)
Industry Risk Reward Index
    Table: MEA Consumer Electronics Risk/Rewards Index, Q116
Market Overview
Recent Developments
    Table: PC Sales (Kuwait 2013-2019)
    Table: AV Sales (Kuwait 2013-2019)
Mobile Handsets
    Table: Mobile Communications (Kuwait 2013-2019)
Competitive Landscape
Local Companies
    Table: Al-Babtain Electronics Company
    Table: Alghanim Industries
    Table: Almasa Holdings
    Table: Redington Kuwait
International Companies
    Table: Dell
    Table: Toshiba
Regulatory Development
    Table: Regulatory Authorities
Regulatory News
Demographic Forecast
    Table: Population Headline Indicators (Kuwait 1990-2025)
    Table: Key Population Ratios (Kuwait 1990-2025)
    Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
    Table: Population By Age Group (Kuwait 1990-2025)
    Table: Population By Age Group % (Kuwait 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
    Table: Consumer Electronics Risk/Reward Index Indicators
    Table: Weighting Of Indicators
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