Inland availability signifies naphtha quantity available for consumption, thereby indicating a fraction of production which is not exported. The year 2010 has witnessed substantial naphtha gross inland availability at a growth rate of 5.3%. It is observed that the countries such as Iran, Iraq and Israel which exports minimal quantity of its naphtha production have huge surplus of naphtha net inland availability. The naphtha net inland availability has increased stupendously at a CAGR of 14.8% during the period 2007-2010.
Naphtha consumption is likely to mount with the developing integrated refinery-petrochemicals concept in the region. Middle East petrochemical industry is likely to witness a radical change from ethane and LPG as feedstocks to naphtha for wide ranges of product production. Hence, naphtha production is anticipated to witness a stupendous CAGR of 14.0% followed by mounting naphtha consumption CAGR of 7.6% during the period 2013-2018.
The supply and demand chain of naphtha in Middle East affects the countries across the globe as the region is one of the leading naphtha exporters in the world. The potential factors affecting naphtha production and consumption in Middle East are crude oil production, prices and demand in refineries, petrochemicals and chemical industry.
There are significant patterns of export and import of naphtha trade flow in the Middle East region. The region predominantly exports to the Asian countries. The major markets for exports were Japan, China, India and to European countries.
“The governments of Middle East countries have initiated to expand refining distillation capacities to consecutively increase naphtha production. Saudi Arabia General Investment Authority (SAGIA) is strongly encouraging the use of naphtha for petrochemical producers to enhance the value of their exports and boost employment. Hence, Naphtha production and exports in Middle East are anticipated to witness astonishing growth in coming years”- According to the Research Analyst, Ken Research.
The report titled “Middle East Naphtha Market Outlook to 2018 - Refineries-Petrochemicals Integration to Drive Naphtha Market” provides detailed overview on naphtha market in Middle East and helps readers to identify the ongoing trends and developments in the naphtha industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, naphtha producing refining companies, marketing companies, petrochemicals and other concerned chemical companies, consumers and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.