GPCA '12: Petchem exports from GCC up 32.6% at $44.7bn in 2011

28 November 2012 12:56  [Source: ICIS news]

DUBAI (ICIS)--Petrochemical exports from Gulf Cooperation Council (GCC) countries rose by 32.6% year on year to $44.7bn (€34.4m) in 2011, boosted by the increase in prices, according to a report by the Gulf Petrochemicals & Chemical Association (GPCA).

Petrochemicals and related products accounted for almost half of non-oil exports from the GCC in both value and volume terms, it said in a report titled "GCC Petrochemicals & Chemicals Industry Facts and Figures".

The report is to be distributed during the 7th annual GPCA Forum being held in Dubai from 27-29 November.

Petrochemicals accounted for 43% of all non-oil exports from the GCC in 2011 in terms of value, up from the 41% share seen in 2010, the GPCA said.

Export volumes of petrochemicals from the GCC, meanwhile, rose by 6.08% year on year to 55.8m tonnes in 2011.

The share of petrochemicals and chemicals in non-oil export volumes in the GCC fell to 43% in 2011 from 45% in 2010, according to the GPCA.

($1 = €0.77)

By: Nurluqman Suratman

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