Kuwait Retail Report Q2 2009 : Market Research Report

Kuwait Retail Report Q2 2009

Published by: Business Monitor International

Published: May. 14, 2009 - 39 Pages

Executive Summary: SWOT Analysis; Kuwait Business Environment SWOT - Retail; Kuwait Political SWOT; Kuwait Economic SWOT; Market Overview; Current Trends; Key Players; Industry Forecast Scenario; Retail Growth Outlook
Table: Key Retail Indicators, 2006-2013: Macroeconomic Outlook
Table: Kuwait - Economic Activity: Regional Retail Outlook
Table: Regional Retail Trends
Table: Regional Retail Sales by % Share: Current Trends; Mass Grocery Retail; Kuwait MGR Industry SWOT; Market Overview
Table: Structure Of Kuwait's Mass Grocery Retail Market By Estimated Number Of Outlets
Table: Structure Of Kuwait's Mass Grocery Retail Market - Sales Value By Format (US$bn)
Table: Estimated Annual Average Sales Value Per Outlet, 2007: Industry Forecast Scenario; Kuwait Mass Grocery Retail Sales Value by Format - Historical Data & Forecasts (US$bn)
Table: Grocery Retail Sales By Format - Historical Data And Forecasts: Industry Developments; Consumer Electronics; Kuwait Consumer Electronics Market SWOT; Market Overview
Table: Kuwait Distributors for Leading Brands: Industry Forecast Scenario
Table: Consumer Electronics Overview (US$mn): Autos; Kuwait Automotive Sector SWOT; Market Overview; Industry Forecast Scenario; Kuwait Autos Sector - Historical Data & Forecasts; Country Snapshot: Kuwait Demographic Data; Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030: Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030: Section 3: Labour Market And Spending Power
Table: Employment Indicators, 1997-2006
Table: Consumer Expenditure, 2000-2012: BMI Retail Forecasting & Sourcing; How We Generate Our Industry Forecasts; Sourcing

Abstract

This new BMI Kuwait Retail report predicts that the country’s retail sales will grow from around US$45bn in 2007 to nearly US$58.9bn by 2013. Key factors behind the forecast growth in Kuwait’s retail sales are a favourable long-term economic outlook, a sophisticated consumer base, and high levels of disposable income. Kuwait’s nominal Gross Domestic Product (GDP) was US$109bn in 2007. Average annual GDP growth of 2.7% is predicted by BMI until 2013. With the population maintaining its 2007 level of 3.4mn throughout the forecast period, GDP per capita is predicted to rise by more than 55% by 2013, reaching US$49,789. Some 80% of the Kuwaiti population is expatriate, and foreign workers crossing the border from Iraq serve to stimulate the retail market. In 2005, 73.8% of the Kuwaiti population was described by the United Nations (UN) as active, with 37.8% in the critical (for retail sales)20-44 age range. By 2010, 74.6% of the population is expected to be active; while the proportion of those in the 20-44 age band is forecasted to reach 39.4%. A very high level of urbanisation is also contributing to a vibrant retail sector. In 2005, more than 96% of the population was classified by the UN as urban, and this is forecasted to increase to almost 99% by 2015. According to Arabianbusiness.com, by 2010, the gross leasable area (GLA) in Kuwait's retail sector is expected to total 1.15m square metres (sq m), compared with the 345,000 sq m in use in 2006. Meanwhile, property consultant, Colliers International, expects Kuwait to have the third-largest supply of retail space in the Gulf by 2010. Retail sales for our universe of Middle East and Africa (MEA) countries in 2007 amounted to an estimated US$344bn. Total consumer spending for the region, based on BMI’s macroeconomic database, amounts to US$467bn. Saudi Arabia, South Africa and the United Arab Emirates (UAE) together in 2007 accounted for an estimated 61.1% of regional retail sales, with their combined share expected to remain around this level until 2013. For Kuwait, the estimated 2007 regional market share of 13.1% is expected to ease to 9.9% by 2013.

Get Full Details About This Report >>

US: 800.298.5699

Int'l: +1.240.747.3093

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 250,000 market research reports, company profiles and country profiles from over 650 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.

Kuwait Retail Report Q2 2009

Table of Contents

Abstract