Home / Knowledge / News / Textiles / Saudi Arabian petrochemical sales touch SR303bn in 2013
Saudi Arabian petrochemical sales touch SR303bn in 2013
13
Mar '14
Listed petrochemical firms in Saudi Arabia together sold SR303 billion worth of petrochemical products in 2013, accounting for about 11 percent of the Kingdom’s gross domestic product, Arab News reported quoting local media.
 
The Saudi Basic Industries Corporation (SABIC) bagged the highest share of 62.3 percent in the total sales, followed by PetroRabigh with 16.7 percent share, Tasnee with 6 percent, Saudi Kayan with 3.4 percent and Yanbu National Petrochemical Company with 3.1 percent, the report said.
 
Region-wise, more than half of the Saudi petrochemical products were purchased by the Asian countries, including the Middle Eastern countries, in 2013, while Europe and the US absorbed 15 percent and 7 percent of the products, respectively.
 
Domestic market accounted for around 14 percent of petrochemical sales, while African countries bought 5 percent of the Saudi Arabian products, the report said.
 
Meanwhile, the profit of the Saudi Arabian petrochemical industry grew by 3 percent year-on-year in 2013 to SR34.77 billion, as against the last year’s profit of SR33.9 billion.
 
SABIC alone accounted for SR25.23 billion or 72 percent of the overall profit of the Saudi Arabian petrochemical sector during the year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

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

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
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