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Israel Petrochemicals Report Q4 2017

Israel Petrochemicals Report Q4 2017

BMI View: Our outlook for the petrochemicals sector has been revised downwards in view of slower economic growth as well as a contraction in output. A strong shekel and sector-specific challenges will continue to weigh on growth and any rise in oil prices would put Israeli petrochemicals margins under further pressure.

The Israeli petrochemicals industry witnessed a narrowing of margins, indicating that it is feeling the pressure of rising oil prices. Yet, opportunities for diversifying the feedstock mix are limited, suggesting that basic chemicals will receive little investment in capacity expansion over the next five years.

In 4M17, rubber and plastic production declined 2.3% y-o-y, reversing some of the gains seen in 2016 when production rose 7.4%. Meanwhile, petroleum and chemical products fell 1.0%, on top of the full-year fall of 0.3% in 2016. The declines are in line with a slowdown in economic growth with real GDP growth at 4.0% y-o-y in Q117, down from 5.7% y-o-y in Q316 and 4.3% y-o-y in Q416.

BMI Industry View
Industry Forecast
Table: Israel's Petrochemicals Sector, 2012-2021 ('000 tpa)
Macroeconomic Forecasts
Economic Analysis
Private Consumption Slowdown Will Not Last
Fixed Investment Easing As Extraordinary Circumstances Fade…
… But Long-Term Investment Story Still Positive
Brightening Outlook For Exporters, But Headwinds Still At Play
Industry Risk/Reward Index
MEA Petrochemicals Risk/Reward Index
Table: MEA Petrochemicals Risk/Reward Index – Q4 2017
Israel Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
Bazan Group (Oil Refineries)
Israel Chemicals
Regional Overview
Middle East And Africa Overview
Global Industry Overview
Demographic Forecast
Table: Population Headline Indicators (Israel 1990-2025)
Table: Key Population Ratios (Israel 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Israel 1990-2025)
Table: Population By Age Group (Israel 1990-2025)
Table: Population By Age Group % (Israel 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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