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Nigeria Petrochemicals Report 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 68 pages

Includes 3 FREE quarterly updates

BMI View:
The Nigerian polymers market will be largely fulfilled by imports, with domestic capacities remaining small and operating well below capacity. Growth will be strong but from a low base as far as per capita consumption is concerned. In 2016, Nigeria had olefins production capacities of 550,000 tonnes per annum (tpa) ethylene and 125,000tpa propylene, with thermoplastic resins capacities of 240,000tpa linear low density polyethylene (LLDPE) and 95,000tpa polypropylene (PP).

Additional capacity came onstream in 2016 with Indorama Eleme Petrochemical (IEPL) commissioning a mega-sized fertiliser project comprising 1.4mn tpa of urea, a gas pipeline and jetty projects. The fertiliser plant's main project components involve 2,300 tonnes per day (tpd) ammonia, 4,000tpa urea and 4,000tpd urea granulation plant. The long-term outlook is clouded by the difficulties of transition to a growth model that is not driven by oil, be they fiscal or political. The naira has depreciated, which could restrain import growth somewhat, while a hike in interest rates could curtail consumption.

Part of our long-term optimism on Nigeria's headline growth depends on more efficient and wider-reaching electricity supply. Our baseline assumption is that improving power delivery will unlock productivity gains for the non-oil sector. Development of the manufacturing sector in particular will help Nigeria's petrochemicals consumption with construction, the automotive sector, packaging and agriculture taking the lead in the local market growth story.

Table Of Contents

Nigeria Petrochemicals Report 2017
BMI Industry View 7
SWOT 8
Political 9
Economic 10
Operational Risk 11
Industry Forecast 13
Production 14
Table: Nigeria's Petrochemicals Sector, 2012-2020 ('000 tpa) 15
Macroeconomic Forecasts 16
Economic Analysis 16
Industry Risk/Reward Index 23
MEA Petrochemicals Risk/Reward Index 23
Table: MEA Petrochemicals Risk/Reward Index - Q1 2017 27
Nigeria Risk/Reward Index 28
Market Overview 29
Table: Nigeria's Petrochemicals Facilities 32
Industry Trends And Developments 33
Company Profile 38
Eleme Petrochemicals Company (EPCL) (Indorama) 38
Nigerian National Petroleum Corporation (NNPC) 40
Regional Overview 43
Middle East And Africa Overview 43
Global Industry Overview 49
Demographic Forecast 58
Demographic Outlook 58
Table: Population Headline Indicators (Nigeria 1990-2025) 59
Table: Key Population Ratios (Nigeria 1990-2025) 59
Table: Urban/Rural Population and Life Expectancy (Nigeria 1990-2025) 60
Table: Population By Age Group (Nigeria 1990-2025) 60
Table: Population By Age Group % (Nigeria 1990-2025) 61
Glossary 63
Table: Glossary Of Petrochemicals Terms 63
Methodology 64
Industry Forecast Methodology 64
Risk/Reward Index Methodology 66
Table: Petrochemicals Risk/Reward Index Indicators 67
Table: Weighting Of Indicators 68

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