Economic 360 for Iran: Growth Prospects and Emerging Opportunities in the Chemical Industry


Iran's petrochemical sector is a major contributor to the country's economy. To expand the production capacity of the sector and increase its output by 2015, the government has adopted ambitious development plans and is diversifying the range of petrochemical products. It is also privatizing the sector and is likely to sell a significant share of the National Petrochemical Company (NPC) by 2014. The international sanctions against Iran are likely to have a negative impact on the growth of the industry. However, the government has started taking initiatives to attract more investments from the private sector.

Executive Summary
Political Factors
The political system of Iran is based on Islam and governed by the Iranian Constitution, where the Supreme Leader is the highest-ranking political and religious authority in the country. The President is a subordinate under the Supreme Leader and is the head of the government.
The government aims to restructure the governance and tighten the fiscal policy. The reduction in the energy subsidy that started in 2010 is likely to increase the revenue of the government and drive efficiency in the enterprises during the study period. In the fifth Five-year Plan (2011-2015), the government also aims to increase the tax, raise the share of non-oil exports to GDP, build industrial parks to drive employment, and reduce the inflation rate.
Economic Factors
Iran is highly dependent on the oil and gas sector, which accounts for some percent of its exports and some percent of the government revenue. The enterprises are mainly government owned. The government aims to increase the role of the private sectors to drive the productivity of enterprises.
The country mostly exports oil and gas products to China, UAE, Afghanistan, India, Japan, and Turkey, and imports agricultural products, IT, and telecom services from UAE and China. The government has made an investment of $some billion, which is likely to increase the production capacity of crude oil, natural gas, and gaseous concentrate by 2015.
As Iran is one of the most attractive destinations for investments in the world, it is likely to face obstacles due to sanctions imposed against it. However, the government is trying to attract more investment and has created opportunities in xxx projects in agriculture, manufacturing, and services.
Social Factors
More than some percent of the population is within the age group reflecting a huge labor force. The country has emerged as an attractive market for consumer and industrial goods due to its increasing young population. However, a shortage of job opportunities in the country has resulted in high brain drain and unemployment rates.
The country has a good health care system, where some percent of the rural population has access to basic health care services. To address social challenges such as poverty, unemployment, and health care facilities, it has adopted millennium development goals backed by United Nations Development Programme.
Technology Factors
The country has made good progress in research and development, and the number of scientific publications it publishes is considered one of the highest in the world. The number of researchers and engineers in the research centers and enterprises have nearly doubled from 2004 to 2009.
The government has also adopted a comprehensive scientific plan, which includes xxx scientific projects to be implemented by 2025.
Legal Factors
All the laws and regulations in Iran are based on Islamic principles. The government revises the minimum wage annually; a new revised law was established in 2010. Tax administration in Iran is rigid and the government is trying to simplify the tax laws by revising personal income tax slabs and corporate tax rates.
Environmental Factors
Environmental problems have been escalating in Iran over the years, with increasing air, water, and oil pollution. The country’s score in the environmental performance index (EPI) is more than the average EPI score in the Middle East and North African (MENA) region.
Executive Summary: Chemical Industry
Chemical Industry
Although Iran produces various types of basic and specialty chemicals, the industry is mainly dominated by petrochemicals and fertilizers.

Table of Contents

Executive Summary
Political Factors
Economic Factors
Social Factors
Technology Factors
Legal Factors
Environmental Factors
Chemical Industry
About Frost & Sullivan
List of Figures
Economic 360 Perspective: Current Political Regime (Iran), 2011 15
Economic 360 Perspective: Annual Profit Rates of Bank Deposits during the Investment Period (Iran), 2011 17
Economic 360 Perspective: Synopsis of the Fifth Five-year Plan (Iran), 2010-2015 21
Economic 360 Perspective: Budget Expenses (Iran), 2010 and 2011 22
Economic 360 Perspective: Economic Indicators (Iran), 2005 and 2011 25
Economic 360 Perspective: Sector wise Investment Plans (Iran), 2011-2015 26
Economic 360 Perspective: Demographic Indicators (Iran), 2000-2009 35
Economic 360 Perspective: Human Development Index (Iran), 2000, 2005 and 2010 36
Economic 360 Perspective: Health Indicators (Iran), 2011 38
Economic 360 Perspective: Diseases (Iran), 2011 38
Economic 360 Perspective: Immunization Indicators (Iran), 2011 39
Economic 360 Perspective: Education Statistics (Iran), 2010 41
Economic 360 Perspective: Research and Development Performing Institutions (Iran), 2011 44
Economic 360 Perspective: Scientific Publications (Iran, Israel, and Turkey), 2009 44
Economic 360 Perspective: Human Resources in Research and Development (Iran), 2004 and 2009 46
Economic 360 Perspective: Key Laws (Iran), 1989-2002 49
Economic 360 Perspective: Labor laws (Iran), 2011 50
Economic 360 Perspective: Income Tax Slabs (Iran), 2011 52
Economic 360 Perspective: Environmental Performance Index (Middle East), 2010
Economic 360 Perspective: Air Pollution Indicators (Iran), 2010 56
Chemical Industry: Overview (Iran), 2011 58
Chemical Industry: Industry Indicators (Iran), 2006-2011 59
Chemical Industry: Investment Opportunities in the Petrochemical Sector (Iran), 2011 70
Chemical Industry: Major Upcoming Petrochemical Projects (Iran), 2011-2013 72-74
Chemical industry: Business Opportunities (Iran), 2011-2015
List of Charts
Economic 360 Perspective: Key Features of Political Structure (Iran), 2011 14
Economic 360 Perspective: Crude Oil Prices and Inflation Rate (Iran), 2005-2010 17
Economic 360 Perspective: Co-operation with International Organizations (Iran), 2011 18
Economic 360 Perspective: Key Foreign Relations (Iran), 2011 19
Economic 360 Perspective: Foreign Relationship with Neighboring Countries (Iran), 2011 20
Economic 360 Perspective: Value Added by Economic Activities – Share of GDP (Iran), 2010 25
Economic 360 Perspective: Sources of Funding FDI (Iran), 2010-2015 26
Economic 360 Perspective: Exports (Iran), 2005-2011 28
Economic 360 Perspective: Imports (Iran), 2005-2011 28
Economic 360 Perspective: Foreign Direct Investment (Iran), 2005-2010 29
Economic 360 Perspective: Investment as a Percent of GDP (Iran) 2004-2011 29
Economic 360 Perspective: Key Economic Reforms (Iran), 2011 30
Economic 360 Perspective: GDP at Current Prices and Growth Rate (Iran), 2005-2015 31
Economic 360 Perspective: Millennium Development Goals (Iran), 2010-2015 34
Economic 360 Perspective: Age and Sex Distribution (Iran), 2011 35
Economic 360 Perspective: Unemployment Rate (Iran), 2005-2011 37
Economic 360 Perspective: Educational Structure (Iran), 2011 40
Economic 360 Perspective: School-Going Population (Iran), 2005 and 2010 41
Economic 360 Perspective: National Innovation System (Iran), 2011 43
Economic 360 Perspective: Five-year Plan (FYP) Initiatives for Science and Technology (Iran), 1995-2009
Economic 360 Perspective: Science and Technology Parks (Iran), 2011 47
Economic 360 Perspective: Major Environmental Issues (Iran), 2011 54
Chemical Industry: Major Chemical Exports (Iran), 2010 60
Chemical Industry: Major Chemical Imports (Iran), 2010 60
Chemical Industry: Petrochemicals Sector Structure (Iran), 2011 61
Chemical Industry: Petrochemical Production Share (Middle east), 2011 61
Chemical Industry: Drivers and Restraints of the Petrochemical Sector (Iran), 2012-2015 62
Chemical Industry: Petrochemical Production and Production Capacity (Iran), 2006-2011 63
Chemical industry: Targeted Capacity Expansion of Petrochemicals (Iran), 2010-2015 63
Chemical Industry: Sites of Petrochemical Production (Iran), 2011 64
Chemical Industry: Development Stage of the Petrochemical Sector (Iran), 1990-2015 65
Chemical Industry: Petrochemicals Exports (Iran), 2006-2010 66
Chemical Industry: Petrochemical Exports by Destination (Iran), 2010 66
Chemical Industry: Impact of Sanctions on the Petrochemical Sector (Iran), 2011 69
Chemical Industry: Maturity Levels in the Petrochemical Sector (Iran), 2011

Comments

Post a Comment

Popular posts from this blog

MarketReportsOnline: Indonesia Rubber Industry Analysis

Image
MarketReportsOnline.com adds "Assessment of Indonesia's Rubber Industry Analysis 2015" report to its research store. The global market is currently in its fourth year of surplus of natural rubber. The excess supply situation has caused stocks to pile high and prices are falling steadily. It is expected that global surplus by the year 2020 will be approximately 1 million tons of natural rubber and 3 million tons of synthetic rubber.World demand for natural rubber, which is primarily used to manufacture tires, is cooling down due to the economic downturn in China. Asia accounts for 93% of the world natural rubber production with Thailand being the largest producer followed by Indonesia and Vietnam. Other large rubber producers in the region include India, China and Malaysia. Complete report available at http://www.marketreportsonline.com/442401.html .    China is the world’s largest consumer of natural rubber followed by India and the United States. In
Read more

Latest Guide to Chinese Pharmaceutical GMP Regulations

Image
China possesses a fourth population in the world and has one of the largest drug markets round the world. By 2011, sales on the Chinese drug market have reached RMB 1550 billion (about US$246 billion), an increase of 7.08 fold over 2000 level. A series of factors, such as an increasingly ageing population, accelerating growth of urban population as well as expansion of healthcare covering urban and rural will grow the Chinese drug market with a growth rate over 25 percent per annum in next three years. China is expected to become the second largest drug market in the world by 2015. Since the reform and open door policy implemented by Chinese authorities in the late 1970s, the door of the Chinese drug market began opening up to the world step by step, which not only gave a fillip to the imported drugs from overseas pharmaceutical manufacturers but also attracted overseas investors to establish the foreign investment enterprises, including “Sino-foreign equity joint ventures (EJV)”,
Read more

Construction in Bahrain – Key Trends and Opportunities to 2015

Image
Synopsis This report provides detailed market analysis, information and insights into the Bahrain construction market, including: • Top level overview of the construction industry in Bahrain • Current, historic and forecast market value and trends of individual markets and categories supported by detailed descriptions of individual markets in the industry • Profiles of the top construction companies in Bahrain • Profiles of the ten largest construction projects in Bahrain Summary The Bahrain construction industry had been growing at a robust pace prior to the onset of the global financial crisis. This growth had been fuelled by the country’s long-term efforts to diversify its economy, efforts which have led to the emergence of Bahrain as the financial capital of the Middle East and have also led to many multinational companies establishing their Middle Eastern bases in the country, attracted by favorable tax policies and the country’s strategic location in the center of the Gulf
Read more