In this report we consider 5 countries across North Africa: Morocco, Algeria, Tunisia, Libya, Egypt.
The commercial industrial gases market in North Africa is estimated to have generated revenues of some $393 million in 2018. This is up from $144 million in 2008, indicating an average annual growth rate of 11% for the decade. Egypt is by far the largest gases market in the region, generating revenues of around $149m, or 37% of the regional business.
Whilst political unrest during during 2011 has affected economic growth adversely across most of North Africa, there has been a solid rebound in 2012 - aided by the large hydrocarbon economies of Libya and Algeria, as well as somewhat calmer political climates in Tunisia and Egypt (though recent events continue to pose question marks around the latter). Morocco’s economy has faltered somewhat as a result of the economic crisis in Europe (with which it has closer links than with the rest of Europe) but, even so, continues to post positive growth figures.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 7.8% p.a. in a low scenario to 10.0% p.a. in a high scenario. Accordingly, the industry in North Africa is expected to achieve revenues of between $573m to $634m by 2023.
Report Data: 2018