Algeria's petrochemicals sector will remain dominated by the fertiliser sector, which utilises the country's
considerable natural gas resources. Upstream developments will be crucial to providing the necessary
feedstock for new capacity, but the outlook on Algerian oi ..."
Although Egypt is seeing a leap in petrochemicals capacities in 2016, volatile feedstock supplies and
depressed domestic growth will limit growth in production volumes. The Egyptian pound's depreciation
should help mitigate the situation, although it is exerting a neg ..."
The outlook for the South African petrochemicals industry has worsened due to the country's continued
poor economic performance as well as the threat of strike action within the petrochemicals sector and
related sectors, both upstream and in end markets. In spite of t ..."
The Egyptian petrochemicals industry has benefitted greatly from depreciation and the lack of foreign
currency that emerged as the authorities acted to halt the decline of the Egyptian pound. With access to
locally available feedstock, petrochemicals producers were ab ..."
The South African petrochemicals industry is set for stronger growth in 2016 as a result of low base effects,
a modest upturn in local consumption and capacity growth in the C3 chain. However, the sector has been
the worst affected area of an economy that is enduring ..."
Algeria has focused on low added-value production, relying on commodity chemicals that are highly priceresponsive
to market fluctuations and easily undermined by capacity elsewhere in the world. The industry is
some distance from competing on equal terms with European ..."
BMI View: Domestic consumption of petrochemicals is set to be lacklustre in 2016, with economic growth at a
relatively subdued 2.9% and consumer and business confidence remaining low. Lower oil prices are
responsible for the erosion of economic performance. Additional ..."
BMI View: While Egyptian market growth experienced some slowdown in 2015, the local petrochemicals industry managed to defend sales and even hike prices in Q4 due to the depreciation of the Egyptian pound and disruption to imports. The industry is likely to experience sustained g ..."
BMI View: The South African petrochemicals industry witnessed a contraction in 2015 amid slow overall economic growth. The industry is in recession and it could take at least two years before returning to growth as key petrochemicals sectors flatline in a difficult operating envi ..."
South Korea's petrochemicals output growth will be challenged by dwindling demand from China, as well
as the deepening supply glut in the domestic petrochemicals market, which will push down prices and
reduce margins. However, the industry's competitiveness coupled wi ..."