Home / Knowledge / News / Textiles / GCC petrochem output value touches $97.3bn in 2012: GPCA
GCC petrochem output value touches $97.3bn in 2012: GPCA
26
Nov '13
The value of petrochemicals output by the six-member Gulf Cooperation Council (GCC) comprising of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman is estimated at US$ 97.3 billion in 2012, according to the Facts and Figures report for the year released by the Gulf Petrochemicals and Chemicals Association (GPCA).
 
According to the report, as per the American Chemistry Council, the value of petrochemicals output in the GCC is estimated at $US97.3 billion which represents 2.5 percent of the world’s total. In 2011, the value of petrochemicals output by GCC reached US$ 94.1 billion.
 
The report states that between 2005 and 2012, petrochemicals industry output in the GCC nations grew at an average of 19 percent per annum which is higher than global growth.
 
As per the report, the value of GCC chemicals exports in 2012 reached US$ 52.7 billion. The majority of exports are petrochemicals including basic, intermediates, fine chemicals and polymers.
 
In 2012, Saudi Arabia was the largest chemicals exporter in GCC region accounting for 59 percent of the total regional export volume. However, the country’s share has significantly declined over the past decade from 70 percent in 2002 to 58 percent in 2012, the report adds.
 
According to the report, Qatar remained the second largest exporter of chemicals in GCC representing 17 percent of the region’s total chemicals exports.
 
The GPCA’s Facts and Figures report is an annual publication on the GCC’s petrochemical industry. The report provides information on wide- ranging subjects for the region’s chemicals industry, including product capacity, employment and trade.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X