Within the 2018-2023 timeframe, our forecast models predict growth from 3.5% p.a. in a low scenario to 10.4% p.a. in a high scenario. Accordingly, the industry in Kuwait is expected to achieve revenues of between $112m to $167m by 2023.
The commercial industrial gases market in Kuwait is estimated to have generated revenues of $91m in 2018. This was an increase from $53m in 2008, indicating an average annual growth rate of 6.1% p.a.
Between 2008 and 2018 GDP grew by an average of 4% over the decade. Kuwait’s economy has grown significantly since 2017, with 2018 showing an increase of 17.8%.
Report Data: 2019
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