Egypt Petrochemicals Q1 2019
The Egyptian petrochemicals market has gone through a period of stagnation and, in 2018, saw growth as the domesticindustry slowly picks up. However, local petrochemicals production is set to rise at a faster rate than domestic demand over themedium-term, requiring significant growth in export volumes. We believe the trade deficit will plateau and fall by the end of ourforecast period in 2023. For this to be supported, however, Egypt needs to situate itself as a regional manufacturing hub much in thesame way as Turkey, supporting an improved regulatory environment.
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