DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5f9238/algeria_petrochemi) has announced the addition of the "Algeria Petrochemicals Report Q2 2012" report to their offering.
Business Monitor International maintains its view that the Algerian economy will experience moderate rates of real GDP expansion with growth rates of 4.7% and 3.6% in 2012 and 2013 respectively. This is an improvement on the 2.9% growth BMI forecasts in the previous quarter, leading to an improvement in the scenario for the local petrochemicals market.
BMI's Algeria Petrochemicals Report provides industry professionals and strategists, corporate analysts, petrochemical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Algeria's petrochemicals industry.
The government's plans to cut back spending from 2012 onwards will be countered by continued growth in fixed investment and, over the longer term, an uptick in hydrocarbon export receipts. Household spending is set to expand at a relatively constant rate going forward, and BMI projects growth rates of 4.0% y-o-y in 2012 and 2013 respectively. This should sustain demand for plastic products, particularly in packaging applications, providing opportunities for Middle Eastern and European producers hoping to use the North African market to offset diminishing demand growth in home markets. The Algerian petrochemicals industry is narrowly focused with a low level of capacity and the country will remain dependent on imports. The country's massive import needs will cause net exports to shrink precipitously over the coming quarters.
Key Topics Covered:
- SWOT Analysis
- Global Petrochemicals Overview
- Algeria Market Overview
- Business Environment
- Company Monitor
Companies Mentioned:
- Sonatrach
For more information visit http://www.researchandmarkets.com/research/5f9238/algeria_petrochemi