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Egypt Petrochemicals Report Q2 2016

Egypt Petrochemicals Report Q2 2016

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 growth as domestic capacities expand.However, upstream resources need to be secured for the petrochemicals industry to be taken to the next level.

Egypt is one of the most promising growth markets for petrochemicals and in spite of infrastructural andfeedstock constraints it is set to become a significant exporter of petrochemicals over the long term. Planswill be put into operation in 2016 for a series of new plants over the next five years, culminating in CarbonHoldings' world-scale Tahrir Petrochemicals project, which is set to come into commercial operation in2020.

While local production is benefitting from a weaker exchange rate and import difficulties, it has not escapeda squeeze on margins as cost pressures have risen. In spite of a lack of US dollar liquidity, lower pricesoverall and electricity supply problems, Sidi Kerir Petrochemicals Co (Sidpec) was expected to sustainsales at EGP3bn in 2015. However, unaudited financial statements by Sidpec showed that company's profitsdeclined by 8.5% year-on-year (y-o-y) in 9M15 to EGP664.98mn.

BMI Industry View
Operational Risk
Industry Forecast
Table: Egypt's Petrochemicals Capacity, 2012-2020
Macroeconomic Forecasts
Impediments To Growth Remain
Gas Exports To Support Long-Term Growth
Industry Risk/Reward Index
MEA Petrochemicals Risk/Reward Index
Table: MEA Petrochemicals Risk/Reward Index - Q2 2016
Egypt Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
Egyptian Petrochemicals Holding Company (EChem)
Regional Overview
Middle East And Africa Overview
Global Industry Overview
Global - Crude Oil, Refined Fuels And Natural Gas Prices
Table: Global Energy Price Forecasts (2014-2019)
Table: Global Energy Price Forecasts (2020-2025)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Egypt 1990-2025)
Table: Key Population Ratios (Egypt 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Egypt 1990-2025)
Table: Population By Age Group (Egypt 1990-2025)
Table: Population By Age Group % (Egypt 1990-2025)
Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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