19 November 2013 07:49 [Source: ICIS news]
SINGAPORE (ICIS)--Chemical exports from the Gulf Cooperation Council (GCC) to China grew an average of 13% annually in 2002-2012, boosted by higher demand for raw materials from the Chinese manufacturing sector, the Gulf Petrochemicals and Chemicals Association (GPCA) said in a report.
Chemical shipments to other Asian countries grew at a slower pace of a compounded annual growth rate of 6% in 2002-2012, according to the report titled "GCC Petrochemicals and Chemicals Industry: Facts & Figures 2012".
GCC exports of chemicals globally more than doubled from 24.4m tonnes in 2002 to 60.7m tonnes in 2012, according to the report.
The report was released during the GPCA Forum 2013 in Dubai which runs on 19-21 November.
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