Kuwait Retail Report Q2 2016

Kuwait Retail Report Q2 2016

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.

BMI Industry View
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending (Kuwait 2013-2020)
Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020)
Table: Headline Retail Sector Spending (Kuwait 2013-2020)
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020)
Retail Sector Forecast
Food, Drink & Tobacco
Table: Food, Drink & Tobacco Spending (Kuwait 2013-2020)
Clothing & Footwear
Table: Clothing & Footwear Spending (Kuwait 2013-2020)
Household Goods
Table: Household Goods Spending (Kuwait 2013-2020)
Personal Care
Table: Personal Care Spending (Kuwait 2013-2020)
Household Numbers And Income Forecast
Table: Household Income Data (Kuwait 2013-2020)
Demographic Forecast
Table: Total Population (Kuwait 2013-2020)
Table: Population: Babies (Kuwait 2013-2020)
Table: Population: Young Children (Kuwait 2013-2020)
Table: Population: Children (Kuwait 2013-2020)
Table: Population: Young Teens and Older Children (Kuwait 2013-2020)
Table: Population: Young People (Kuwait 2013-2020)
Table: Population: Older Teenagers (Kuwait 2013-2020)
Table: Population: 21yrs + (Kuwait 2013-2020)
Table: Population: Young Adults (Kuwait 2013-2020)
Table: Population: Middle Aged (Kuwait 2013-2020)
Table: Population: Urban (Kuwait 2013-2020)
Industry Risk Reward Indexes
Middle East And North Africa Risk/Reward Index
Table: Middle East And North Africa Retail Risk/Reward Index, Q216
Kuwait Industry Risk/Reward Index
Market Overview
Competitive Landscape
Clothing & Footwear
Table: Selected Clothing & Footwear Retailers
Household Goods
Table: Selected Household Goods Retailers
Table: Selected Electronics Retailers
Department Stores
Table: Selected Department Stores
Table: Selected E-Commerce Retailers
Table: Selected Pharmacies
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

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