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Kuwait Petrochemicals Report Q4 2017

BMI View: Kuwait is poised for further petrochemicals expansion over the medium term. When it iscompleted in 2020, Olefins III will expand ethylene and propylene capacity by 1.4mn tonnes per annum(tpa) of ethylene and 600,000tpa of propylene, with downstream expansions including 1mn tpa ofpolyethylene (PE) and 400,000-600,000tpa of polypropylene (PP). However, over the short term, it is facedwith diminishing exports to China and India - two of its largest markets - in a period of Asianpetrochemicals expansion and surging US competition.

The slowdown in the Chinese petrochemicals market has exacerbated the problem of oversupply in the AsiaPacific region. Moreover, the Chinese market is moving towards self-sufficiency. This is likely to crowd outKuwaiti exports from the market, requiring producers to seek other markets. The most obvious alternativemarket is India, which ideally suits the configuration of the Olefins III project with its higher proportion ofpropylene derivatives that the Indian industry needs to import.


BMI Industry View
SWOT
Industry Forecast
Table: Kuwait: Petrochemicals Projects
Table: Kuwait Petrochemicals Industry (2014-2021)
Macroeconomic Forecasts
Economic Growth
Industry Risk/Reward Index
MEA Petrochemicals Risk/Reward Index
Table: MEA Petrochemicals Risk/Reward Index – Q4 2017
Kuwait Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Upstream
Downstream
Petrochemicals
Fertiliser
Company Profile
Equate Petrochemical Company
Kuwait Petroleum Corporation (KPC)
Regional Overview
Middle East And Africa Overview
Global Industry Overview
Demographic Forecast
Table: Population Headline Indicators (Kuwait 1990-2025)
Table: Key Population Ratios (Kuwait 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
Table: Population By Age Group (Kuwait 1990-2025)
Table: Population By Age Group % (Kuwait 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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