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Kuwait Retail Report Q4 2016

  • September 2016
  • -
  • Business Monitor International
  • -
  • 60 pages

Includes 3 FREE quarterly updates

BMI View:

As a less diversified economy than some of its GCC peers, Kuwait will face greater challengesin achieving substantial growth in the environment of low commodity prices. Even though the economictrough seems to be a thing of the past, the growth in household spending will stay relatively slow in themarket, which has traditionally benefited from its affluent residents. Nonetheless, a couple of large-scalemall openings in 2017-2018 could reshape the whole sector by expanding and diversifying its supply.

Key Views and Developments


- Kuwait's government agreed to deregulate retail fuel market in August, which will lead to fuel price hikesof as much as 80%. While the new prices will remain much lower than in Europe, they will add an extrapressure for disposable incomes in the country.

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

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

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

- Housing & utilities will drive the changes in household spending patterns: the sub-sector, which is boundto grow by 5.9 percentage points before 2020, will constrain the expansion of other retail categories,namely non-essential goods and services.

Table Of Contents

Kuwait Retail Report Q4 2016
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) 15
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020) 17
Retail Sector Forecast 19
Food, Drink and Tobacco 20
Table: Food, Drink and Tobacco Spending (Kuwait 2013-2020) 21
Clothing and Footwear 21
Table: Clothing and Footwear Spending (Kuwait 2013-2020) 22
Household Goods 22
Table: Household Goods Spending (Kuwait 2013-2020) 23
Personal Care and Effects 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, Q416 36
Kuwait Industry Risk/Reward Index 37
Rewards 37
Risks 38
Market Overview 39
Competitive Landscape 44
Clothing and Footwear 44
Table: Selected Clothing and Footwear Retailers 44
Household Goods 45
Table: Selected Household Goods Retailers 45
Electronics 45
Table: Selected Electronics Retailers 45
Department Stores 46
Table: Selected Department Stores 46
E-Commerce 46
Table: Selected E-Commerce Retailers 46
Pharmacies 46
Table: Selected Pharmacies 46
Glossary 47
Methodology 54
Industry Forecast Methodology 54
Sources 57
Risk/Reward Index Methodology 57
Table: Retail Risk/Reward Index Indicators 58
Table: Weighting Of Indicators 60

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