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Kuwait Retail Report Q4 2015

  • October 2015
  • -
  • Business Monitor International
  • -
  • 63 pages

BMI View: Kuwait is a small market for retailers due to its small population size. However, high levels ofurbanisation, disposable income and household spending mean there are opportunities, particularly in thehigher-end segment. Modern retail formats are increasingly popular, as the comfort of malls offersprotection from extreme weather conditions. Foreign brands are also on the rise, driven by the high numberof foreign workers in the country.After a tough year due to the turbulence in the petroleum markets which led to lower oil prices - with oil theoverwhelmingly dominant industry of the Kuwaiti economy - we expect the country to post 2.5% and 1.9%real GDP growth in 2015 and 2016, respectively.

Kuwait's dependence on oil and oil-related activities as adriver for economic growth does make it vulnerable and the slowdown of the last two years is evidence ofthat. Despite these frailties and the volatility in the oil industry, the Kuwaiti economy is expected tocontinue posting healthy, though not spectacular, growth figures during our forecast period - averaging2.2% over the next five years. Overall the country has a solid financial foundation, after accumulating manybudget surpluses over the years, meaning government debt is low, while they continue to invest abroad withtheir sizeable sovereign wealth fund.

Table Of Contents

Kuwait Retail Report Q4 2015
BMI Industry View 7
SWOT 9
Political 11
Economic 13
Industry Forecast 14
Headline Retail Forecast 14
Table: Total Household Spending (Kuwait 2012-2019) 15
Table: Retail Sector Spending, % Of Total (Kuwait 2012-2019) 15
Table: Headline Retail Sector Spending (Kuwait 2012-2019) 17
Table: Retail Sector Spending, % of GDP (Kuwait 2012-2019) 18
Retail Sector Forecast 19
Food, Drink and Tobacco 19
Table: Food, Drink and Tobacco Spending (Kuwait 2012-2019) 20
Clothing and Footwear 20
Table: Clothing and Footwear Spending (Kuwait 2012-2019) 21
Household Goods 21
Table: Household Goods Spending (Kuwait 2012-2019) 22
Personal Care 23
Table: Personal Care Spending (Kuwait 2012-2019) 23
Household Numbers And Income Forecast 24
Table: Household Income Data (Kuwait 2012-2019) 25
Demographic Forecast 26
Table: Total Population (Kuwait 2012-2019) 27
Table: Population: Babies (Kuwait 2012-2019) 28
Table: Population: Young Children (Kuwait 2012-2019) 28
Table: Population: Children (Kuwait 2012-2019) 28
Table: Population: Young Teens and Older Children (Kuwait 2012-2019) 29
Table: Population: Young People (Kuwait 2012-2019) 29
Table: Population: Older Teenagers (Kuwait 2012-2019) 29
Table: Population: 21yrs + (Kuwait 2012-2019) 30
Table: Population: Young Adults (Kuwait 2012-2019) 30
Table: Population: Middle Aged (Kuwait 2012-2019) 30
Table: Population: Urban (Kuwait 2012-2019) 31
Macroeconomic Forecasts 32
Economic Analysis 32
Expenditure Breakdown 33
Table: Economic Activity (Kuwait 2010-2019) 38
Industry Risk Reward Indexes 39
Middle East And North Africa Risk/Reward Index 39
Table: Middle East And North Africa Retail Risk/Reward Index 39
Kuwait Industry Risk/Reward Index 40
Rewards 40
Risks 41
Market Overview 42
Competitive Landscape 45
Department Stores 45
Mass Grocery Retail (MGR) 46
Fashion 46
Consumer Electronics 47
Glossary 49
Methodology 57
Industry Forecast Methodology 57
Sources 60
Risk/Reward Index Methodology 60
Table: Retail Risk/Reward Index Indicators 61
Table: Weighting Of Indicators 63

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