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Kuwait Retail Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 56 pages

Includes 3 FREE quarterly updates

BMI View: Kuwait's economy has been forced to shift its focus dramatically, following the recent drop inoil prices. While the country has a robust financial foundation, the economy is not diversified and this willminimise the possibility of sizable income gains in Kuwait households. The non-essential purchases will beimpacted the hardest, with many Kuwaiti's shifting a large part of their budget to the housing sub-sectorthroughout 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 growingimmigration of both skilled and unskilled labour.

- Housing & utilities will be the largest sub-sector of household spending, accounting for approximately29.3% 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 thewhole however non-essentials spending will post much slower growth than that of essential spending.

Table Of Contents

Kuwait Retail Report Q2 2016
BMI Industry View 7
SWOT 9
Industry Forecast 11
Headline Retail Forecast 11
Table: Total Household Spending (Kuwait 2013-2020) 12
Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020) 13
Table: Headline Retail Sector Spending (Kuwait 2013-2020) 14
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020) 16
Retail Sector Forecast 17
Food, Drink and Tobacco 19
Table: Food, Drink and Tobacco Spending (Kuwait 2013-2020) 19
Clothing and Footwear 20
Table: Clothing and Footwear Spending (Kuwait 2013-2020) 21
Household Goods 21
Table: Household Goods Spending (Kuwait 2013-2020) 22
Personal Care 22
Table: Personal Care Spending (Kuwait 2013-2020) 23
Household Numbers And Income Forecast 23
Table: Household Income Data (Kuwait 2013-2020) 25
Demographic Forecast 26
Table: Total Population (Kuwait 2013-2020) 29
Table: Population: Babies (Kuwait 2013-2020) 29
Table: Population: Young Children (Kuwait 2013-2020) 29
Table: Population: Children (Kuwait 2013-2020) 30
Table: Population: Young Teens and Older Children (Kuwait 2013-2020) 30
Table: Population: Young People (Kuwait 2013-2020) 30
Table: Population: Older Teenagers (Kuwait 2013-2020) 31
Table: Population: 21yrs + (Kuwait 2013-2020) 31
Table: Population: Young Adults (Kuwait 2013-2020) 31
Table: Population: Middle Aged (Kuwait 2013-2020) 32
Table: Population: Urban (Kuwait 2013-2020) 32
Industry Risk Reward Indexes 33
Middle East And North Africa Risk/Reward Index 33
Table: Middle East And North Africa Retail Risk/Reward Index, Q216 33
Kuwait Industry Risk/Reward Index 34
Rewards 34
Risks 35
Market Overview 36
Competitive Landscape 40
Clothing and Footwear 40
Table: Selected Clothing and Footwear Retailers 40
Household Goods 41
Table: Selected Household Goods Retailers 41
Electronics 41
Table: Selected Electronics Retailers 41
Department Stores 42
Table: Selected Department Stores 42
E-commerce 42
Table: Selected E-Commerce Retailers 42
Pharmacies 42
Table: Selected Pharmacies 42
Glossary 43
Methodology 50
Industry Forecast Methodology 50
Sources 53
Risk/Reward Index Methodology 53
Table: Retail Risk/Reward Index Indicators 54
Table: Weighting Of Indicators 56

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ref:plp2016

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