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Iran Petrochemicals Report Q4 2017

Iran Petrochemicals Report Q4 2017

BMI View: Iran is witnessing rising levels of foreign direct investment in its petrochemicals industry, whichare crucial to achieving the country's ambitions for rapid expansion. However, difficulties experienced bycargoes to China are undermining petrochemicals exports and reducing prices for Iranian products on theinternational market. If exports do not perform as well as expected, the industry will suffer low capacityutilisation levels and expansion targets will be put in doubt.

In FY2016/17, petrochemicals capacity reached 62mn tonnes and average capacity utilisation was 86%.

Around 44% of idled capacity was caused by a lack of feedstock, with 21 of Iran's 53 petrochemicalscomplexes running at below half capacity. Although net profit averaged 25% in 2016, plants that rely onliquid feedstocks instead of ethane have been running at very low margins. As such, foreign investors arelikely to be looking to invest in ethane-based petrochemicals as well as downstream polymer plants.

However, Iran is behind the curve in terms of adding value and will be focused on basic chemicals, whilerivals in the Arabian Gulf are seeking to expand and diversify their production portfolios.


BMI Industry View
SWOT
Industry Forecast
Table: Iran - Petrochemicals Industry (2013 - 2021)
Macroeconomic Forecasts
Economic Growth Outlook
Banking Sector Restrictions Remaining In Place
Oil Boom Almost Over
Largest Announced Investments
Industry Risk/Reward Index
MEA Petrochemicals Risk/Reward Index
Table: MEA Petrochemicals Risk/Reward Index – Q4 2017
Iran Petrochemicals Risk/Reward Index
Market Overview
Table: Iran - Cracker Capacity, '000 tpa (2014-2021)
Industry Trends And Developments
Table: Proposed Greenfield Refineries
Company Profile
National Petrochemical Company
Regional Overview
Middle East And Africa Overview
Global Industry Overview
Demographic Forecast
Table: Population Headline Indicators (Iran 1990-2025)
Table: Key Population Ratios (Iran 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Iran 1990-2025)
Table: Population By Age Group (Iran 1990-2025)
Table: Population By Age Group % (Iran 1990-2025)
Glossary
Table: Glossary Of Petrochemicals Terms
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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