The Egypt Petrochemicals Report

    • Independent 5 year petrochemicals industry forecasts for Egypt.
    • Original Petrochemicals market research and petrochemicals sector trend analysis for the Egyptian petrochemicals industry.
    • Competitive intelligence, Egyptian petrochemicals company rankings and SWOT analyses on international and domestic petrochemicals companies in the Egyptian market.

The Egypt Petrochemicals Report has been researched at source, and features latest-available data covering oil and gas, oil refining, olefins (ethylene, propylene), polyolefin’s (polyethylene, polypropylene), polyvinyl chloride and polystyrene; nitrogen, hydrochloric acid, paintwork products and more; 5-year industry forecasts through end-2011; company rankings and competitive landscapes covering leading multinational and national operators; and analysis of latest industry trends, opportunities and regulatory changes.

Business Monitor International’s Egypt Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Egyptian petrochemicals industry.

Key Benefits of Report

    • Benchmark BMI’s Independent 5-year Petrochemicals Industry Forecasts to test other views – a key input for successful budgetary and planning in the Egyptian strategic petrochemicals market.
    • Target Business Opportunities & Risks in the Egyptian Petrochemicals Sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Egypt.
    • Exploit the Latest Competitive Egyptian Petrochemicals Intelligence & company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure – includes multi-national and national companies in Egypt.

Coverage

Executive Summary
Summary of BMI’s key industry forecasts, views and trend analysis, covering basic chemicals, fine and speciality chemicals markets, regulatory changes, major investments, projects and company developments.

Market Overview
Structure, size and value of industry sector; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.

BMI 5-Year Industry Forecast
Historic data series and 5-year forecasts to end-2011 for all key industry indicators, including industry value, production, demand, sales, imports and exports and total investments, supported by macroeconomic forecasts and assumptions. Key products covered:

Basic Chemicals – Covering inorganic and organic feedstock such as ethylene, propylene, ammonia, benzene and chlorine, and inorganic chemical raw materials including sulphuric acid, hydrocholoric acid, nitric acid, soda ash and caustic soda.

Fine & Speciality Chemicals – Covering pesticides, dyestuffs, pigments, coatings, printing inks and reagents, photo-sensitive and magnetic recording materials, food and feed additives, adhesives, surfactants, catalysts and speciality additives, carbon fibre and pharmaceuticals.

BMI Macroeconomic 5-Year Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape and Rankings
Comparative company analyses and rankings by US$ sales, % market share, employee size, registration date and ownership structure.

Company Profiles and SWOTS
Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects. Companies covered include:

BMI's Executive Summary

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Egypt's targets for increased domestic petrochemicals capacity look set to be missed in 2008 due to slippages in scheduling, according to BMI's latest Egypt Petrochemicals Report.

By 2008, which marks the end of the first phase of Egypt's national development programme for the petrochemicals sector, the government hopes to raise domestic capacities to 600,000 tonnes per annum (tpa) ethylene and 1.18mn tpa of polymers. However, BMI estimates that ethylene capacity will remain at 300,000tpa until 2008, after which it will double to 600,000tpa. Polyethylene (PE) capacity should rise from the current levels of 225,000tpa to 525,000tpa in 2008. However, we have raised our polypropylene (PP) capacity forecasts as a result of the planned addition of 350,000tpa of capacity at the new Egyptian Propylene and Polypropylene Co (EPPC) petrochemicals complex at Port Said. BMI expects PP capacity to rise to 820,000 by 2012.

Leveraging Egypt's petrochemicals future to its full potential still very much depends on attracting concrete multinational interest in its masterplan. Egypt's demand for plastics is massive. Some 1.2mn tonnes of petrochemicals used to manufacture plastics are consumed by the local market each year, while local production of these materials is only around 470,000tpa, meaning two-thirds has to be imported. Reducing this reliance on imported plastics is one of the main aims behind the petrochemical masterplan. Projects announced in 2007 mainly concerned the expansion of the nitrogen-based fertiliser sector, with EBIC and Agrim adding around 2.1mn tpa of ammonia and urea production capacity by 2010. Additionally, the transfer of Solvin's idle German plants to Port Said will add 160,000tpa of vinyl chloride monomer (VCM) and 180,000tpa of polyvinyl chloride (PVC) to Egypt's petrochemical output.

The announcement in November 2007 by the General Authority for Investment and Free Zones (GAFI) for foreign investment in petrochemical projects includes a US$200mn PVC plant with a capacity of 120,000tpa and a US$150mn polystyrene (PS) plant with a capacity of 200,000tpa. Even if these plans do attract the necessary foreign investment, BMI does not envisage them coming onstream before 2012. In the new Middle Eastern Petrochemicals Business Environment Rankings matrix, Egypt is ranked eighth, down from sixth place in previous rankings, with 48.8 points, compared to the regional average of 56.3 points. The country is 0.7 points ahead of Turkey, but 5.6 points behind South Africa. The Egyptian petrochemicals sector represents about 12% of total industrial production and is worth around US$7bn, or just 3% of total GDP. The business environment is obviously not as strong as Middle Eastern rivals, such as Saudi Arabia with its access to large quantities of cheap feedstock, well-developed existing capacity and the ability to attract foreign investment. However, it ranks above Algeria and Turkey because of higher production and a significantly better national (as opposed to sector-specific) business environment. This ranking should improve by the end of the decade as the government's ambitious petrochemical industry development plan progresses.

Contents

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Chapter 1 - Executive Summary

Chapter 2 - SWOT Analysis

Egypt Petrochemicals Industry SWOT

Egypt Business Environment SWOT

Egypt Political SWOT

Chapter 3 - Market Overview

Egypt Petrochemicals Business Environment

Table: Middle East Rankings

Country Composite Risk Rating

Domestic Feedstock Availability

Petrochemicals Production

Petrochemicals Competitive Environment

Chapter 4 - Industry Trends and Developments

Investment Opportunities

Projects & News

Chapter 5 - Industry Forecast Scenario

Table: Egypt Petrochemicals Sector Forecasts

Chapter 6 - Economic Outlook

Table: Economic Indicators

Business Environment Outlook

Chapter 7 - Company Monitor

Profiles

Egyptian Petrochemicals Holding Company (E-Chem)

Sidi Krir Petrochemicals (Sidpec)

Chapter 8 - BMI Forecast Modelling

How we generate our industry forecasts

Petrochemicals Industry

Cross Checks

Competitive Landscape for Middle East & Africa Petrochemicals Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by US$ sales, % market share, employee size, registration date and ownership structure. Company SWOTs (Strengths, Weaknesses, Opportunities, Threats) on all leading international and national operators in each market, including competitive intelligence in the following: Overall geographic presence, competitive positioning against local companies; production capacity, sales and market share; joint ventures, foreign direct investment, projects and acquisitions strategy.

 

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