eCommerce market in Kuwait
Kuwait is the 71st largest market for eCommerce with a predicted revenue of US$1,673.9 million by 2023, placing it ahead of Panama. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 9.3%, resulting in a projected market volume of US$2,387.0 million by 2027. With an expected increase of 15.0% in 2023, the Kuwaiti eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Kuwait, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Kuwaiti eCommerce market. Food & Personal Care is the largest market and accounts for 28.9% of the Kuwaiti eCommerce revenue. It is followed by Fashion with 28.0%, Electronics & Media with 19.6%, Furniture & Appliances with 13.6%, and Toys, Hobby & DIY with the remaining 9.9%.
Market development
eCommerce revenue development in Kuwait
Kuwait is the 71st largest market for eCommerce with a predicted revenue of US$1,673.9 million by 2023, placing it ahead of Panama. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 9.3%, resulting in a projected market volume of US$2,387.0 million by 2027. With an expected increase of 15.0% in 2023, the Kuwaiti eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Kuwait, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Kuwaiti eCommerce market. Food & Personal Care is the largest market and accounts for 28.9% of the Kuwaiti eCommerce revenue. It is followed by Fashion with 28.0%, Electronics & Media with 19.6%, Furniture & Appliances with 13.6%, and Toys, Hobby & DIY with the remaining 9.9%.
eCommerce revenue development in Kuwait
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 22.1 | 94.8 | 31.6 | 55.0 | 82.7 | 65.1 | 35.9 | 50.4 |
| AOV (in US$) | 30.0 | 27.5 | 99.1 | 9.5 | 9.0 | 31.8 | 72.3 | 56.1 |
| CVR (in %) | 22.1 | 94.8 | 31.6 | 55.0 | 82.7 | 65.1 | 35.9 | 50.4 |
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