South Africa Petrochemicals Report

Feb 13, 2015 – Navi Mumbai, India: Marketreportsonsouthafrica.com presents a report on “South Africa Petrochemicals Report.” On the back of lower oil prices, private consumption in South Africa is expected to rise, which should have a positive knock-on effect on the domestic petrochemicals industry as demand recovers somewhat.

Synopsis

On the back of lower oil prices, private consumption in South Africa is expected to rise, which should have a positive knock-on effect on the domestic petrochemicals industry as demand recovers somewhat. Meanwhile, the depreciation of the rand is expected to support local output. This, however, depends on how well the authorities control inflation.

South Africa's plastic and rubber output declined in 2014 alongside the overall depressed economic situation, with real GDP growth estimated to have slowed to 1.4%. For 2015, we expect the South African economy accelerate on the back of lower oil prices, with GDP growth forecast at 2.5%. On the back of improved economic conditions, resulting in rising private consumption and rising demand, the country's petrochemicals industry is set to recover somewhat, as consumption of plastics used for packaging is set to increase.

Key Word:

South Africa's Chemicals & Petrochemicals Sector

Sasol - Financial Results, Financial Year Ending June 30

Top 10 Ethylene Producers

Energy Price Forecasts

Energy Price Forecasts

Population Headline Indicators

Key Population Ratios

Urban/Rural Population & Life Expectancy

Population By Age Group

Glossary Of Petrochemicals Terms

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About Market Reports on South Africa

South Africa at large is segmented to be a mixed economy, its agricultural sector roughly employees 10% of the total population. The...