Electronics market in Kuwait

The Kuwaiti Electronics eCommerce market is predicted to reach US$355.8 million by 2023 and accounts for 22.2% of the total eCommerce market in Kuwait. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be -0.0%, resulting in a projected market volume of US$355.4 million by 2027. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.

Market development

eCommerce revenue development in the Other Loudspeakers market in Kuwait

The Kuwaiti Other Loudspeakers eCommerce market is predicted to reach US$0.2 million by 2023 and accounts for 2.2% of the Loudspeakers eCommerce market in Kuwait. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be -2.8%, resulting in a projected market volume of US$0.2 million by 2027. The Other Loudspeakers eCommerce market is a sub-market of the Loudspeakers market. Further categories within the Loudspeakers market are: Bluetooth Loudspeakers, and Hifi Loudspeakers.

eCommerce revenue development in the Other Loudspeakers market in Kuwait

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Other Loudspeakers market in Kuwait

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 26.1 2.7 65.5 64.4 46.5 21.5 67.0 77.6
AOV (in US$) 63.4 12.7 43.7 60.3 1.9 31.1 62.8 82.8
CVR (in %) 26.1 2.7 65.5 64.4 46.5 21.5 67.0 77.6
AOV: Average Order Value CVR: Conversion Rate

Online share

eCommerce online share of the total Other Loudspeakers market in Kuwait

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Kuwaiti Other Loudspeakers retail market, the online share is 25.6% and will increase by an average of 7.2% to 33.7% by 2027.

eCommerce online share of the total Other Loudspeakers market in Kuwait

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 26.2% 88.3% 44.0% 23.8% 48.2% 2.1% 6.3% 33.3%

Market definition

Definition of the Other Loudspeakers market within the Electronics market

Market definition: Electronics > Consumer Electronics > Audio > Loudspeakers > Other Loudspeakers The category Other Loudspeakers includes the online trade of record players and cd players. This category does not cover hifi loudspeakers, bluetooth loudspeakers or veniy. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Record players
  • CD players

Out-of-scope

  • Hifi loudspeakers
  • Bluetooth loudspeakers
  • Veniy
  • CDs

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