International domestic revenue Kuwait logistics Value Chain Analysis for Kuwait Logistics Market | Page 2

market, cold chain market, warehousing market, 3 PL market and express logistics market. Ma jor
macroeconomic indicators and upcoming projects affecting the market have also been highlighted in
the report. The report also serves as a competitive scenario for each market which exists in logistics
industry to get an in-depth understanding of logistics sector in Kuwait.
Kuwait Logistics Market
The logistics market encompasses of freight forwarding, warehousing and value added services
provided by domestic and international players. Market has witnessed a modest growth rate in past
few years owing to the increase in the export and imports of the country and expanding e-commerce
industry. The logistics market has increased at a CAGR of ~ % during 2012-2017. The market has
increased from USD ~ million in 2012 to USD ~ million during 2017. Fall in oil prices since 2015
has affected the overall economic growth and export revenue of Kuwait in the past three years. This
has affected the growth of logistics sector in recent years but as oil prices relatively recovered during
2017, logistics sector in Kuwait has witnessed improved growth rate. Rising industrial activities,
increasing retail and manufacturing output have also driven the demand of logistics services in the
country. Freight forwarding is the major contributor in the revenues of the industry contrib uting the
percentage share of ~% in 2017, followed by warehousing (~ %) and value added services (~ %)
during 2017.
Kuwait Freight Forwarding Market
The market has increased from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR
of ~% during 2012-2017. Expanding industrial activities, rising demand of online shopping and
improving trade policies have driven the demand of freight forwarding industry in the country.
Normal delivery has contributed a share of ~% (USD ~ Billion) in terms of reven ues of the overall
industry during 2017. Majority of the freight movement during this period has been undertaken
through the Asia, North America and European Union flow corridor which accounted for a share of
~%, ~% and ~% respectively. Major players in Kuwait Freight Forwarding market are Global
Logistics Group, Ability Trading & Logistics, Absolute Logistics and others.
Kuwait Warehousing Market
Kuwait warehousing market has increased from USD ~ million in 2012 to USD ~ million in 2017,
growing at a CAGR of ~% during the period. The country is experiencing a major rise in the demand
for warehousing services. Industrial retail has been the leading segment in the warehousing industry
contributing ~% (USD ~ million) of the market share in terms of revenues in 2017. The expanding e-
tail companies in the country have also triggered the growth of the warehousing industry in the
country. The growth in the market is also driven by increased demand for outsourcing of warehouse