Home / Knowledge / News / Textiles / GCC petrochem output value touches $97.3bn in 2012: GPCA
GCC petrochem output value touches $97.3bn in 2012: GPCA
Nov '13
The value of petrochemicals output by the six-member Gulf Cooperation Council (GCC) comprising of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman is estimated at US$ 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 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Cindy McNaull

We have broad range of options in durable fabrics

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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