eCommerce market in Kuwait
Market development
eCommerce revenue development in Kuwait
Kuwait is the 59th largest market for eCommerce with a predicted revenue of US$1,653.2 million by 2024, placing it ahead of Costa Rica. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.9%, resulting in a projected market volume of US$1,998.4 million by 2028. With an expected increase of 5.3% in 2024, the Kuwaiti eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Kuwait, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Kuwaiti eCommerce market. Hobby & Leisure is the largest market and accounts for 24.2% of the Kuwaiti eCommerce revenue. It is followed by Electronics with 22.1%, Fashion with 17.4%, Furniture & Homeware with 11.8%, Care Products with 8.9%, DIY with 8.1%, and Grocery with the remaining 7.5%.
eCommerce revenue development in Kuwait
eCommerce revenue growth in Kuwait
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 41.4 | 25.5 | 3.7 | 70.1 | 52.0 | 88.4 | 99.0 | 11.6 |
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