market background
Plastic Raw Material Consumption in Some African Countries:
* Compound Annual Growth Rate **Forecast
Spotlight on the Plastics Market in Egypt
Egypt is the largest industrial base in the MENA region and the plastics industry in Egypt is growing steadily with over 2.1 million tonnes. In 2018, Egypt consumed plastic materials and resins worth nearly US$ 4 billion. Thanks to its 91+ million population, Egypt tops African polymer consumption with 2 million tonnes per capita consumption of 21.8 kg/head..
With more than 7000 plastic factories working in Egypt, demand is expected to grow at the coming years, due to the increasing number of newly established & long-term planned mega projects. Egypt’s plastics market is supplied 60% from imports and 40% from domestic sources. Growth will remain in line with average for Africa. It is expected to accelerate between 2021 and 2025, subject to investor confidence, up to 7.4%/year, which will push consumption up towards 3 million tonnes by 2025.