Kuwait presents strong activity in the industry. Consumer spending had reached more than KWD16,000 million in 2018. Kuwaiti consumer is among the wealthiest in the world, with a GDP of US$33,994 as of 2018. The consumers are characterised as city-dweller and listed among the most urbanised country. More than half of the population also have been using e-commerce services.
The country has one of the highest concentrations of international retailers in the GCC region, despite its relatively small market. Retail market reached the value of over US$11 billion in 2018, or 9.1% of non oil GDP.
Our consulting team at Market Research Kuwait is committed to help chemical and energy players in capturing opportunities across different segments, including commerce digitization, social networking service, and the adoption of digital wallet and marketplace. We will help clients in anticipating potential changes of buyers' needs and thriving in the local market competition.