eCommerce market in Kuwait
Kuwait is the 60th largest market for eCommerce with a predicted revenue of US$1,639.4 million by 2024, placing it ahead of Uruguay. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.8%, resulting in a projected market volume of US$1,979.7 million by 2028. With an expected increase of 5.2% in 2024, the Kuwaiti eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Kuwait, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Kuwaiti eCommerce market. Hobby & Leisure is the largest market and accounts for 24.2% of the Kuwaiti eCommerce revenue. It is followed by Electronics with 22.1%, Fashion with 17.4%, Furniture & Homeware with 11.8%, Care Products with 8.9%, DIY with 8.1%, and Grocery with the remaining 7.5%.
Market development
eCommerce revenue development in Kuwait
Kuwait is the 60th largest market for eCommerce with a predicted revenue of US$1,639.4 million by 2024, placing it ahead of Uruguay. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.8%, resulting in a projected market volume of US$1,979.7 million by 2028. With an expected increase of 5.2% in 2024, the Kuwaiti eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Kuwait, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Kuwaiti eCommerce market. Hobby & Leisure is the largest market and accounts for 24.2% of the Kuwaiti eCommerce revenue. It is followed by Electronics with 22.1%, Fashion with 17.4%, Furniture & Homeware with 11.8%, Care Products with 8.9%, DIY with 8.1%, and Grocery with the remaining 7.5%.
eCommerce revenue development in Kuwait
eCommerce revenue growth in Kuwait
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 6.9 | 75.4 | 7.6 | 93.6 | 0.6 | 62.9 | 75.7 | 34.8 |
Market comparison
The Kuwaiti eCommerce market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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