Khaled Abu al-Makarem, head of the Export Council for Chemical Industries and Fertilizers, affirmed that the Egyptian industry is capable of reaching $100 billion in exports annually, expressing his conviction that the $100 billion goal is modest compared to the capabilities of the Egyptian industry.
During his speech at a session towards sustainable industrial development at the International Industry Forum and Exhibition, which concluded yesterday, he indicated that the support that the industry now enjoys qualifies it to achieve a lot.
He said that the chemical industries sector is one of the promising sectors that carries many opportunities, pointing out that the sector provides about 437 investment opportunities, according to Egypt’s investment map, explaining that there is no industry in which the chemical industries are not included as a component, pointing out that the total number of chemical industries factories in the formal registered sector has reached In the Federation of Industries about 15,112 factories, the plastics, rubber and petrochemicals sector accounts for 7,997 factories, waste management factories are affected by 1118, paper and cardboard factories are affected by about 1177, and paints are about 1157 factories, detergents are about 1212, and various chemicals and fertilizers are about 2451 factories.
He revealed that the sector ranked first in the ranking of Egyptian non-oil exports, representing 24% of the total exports, with a value of 6.478 billion dollars, during the period from January to September 2022, achieving a growth rate of 31% during this period compared to the same period last year.
He pointed out that Turkey topped the list of the most important import markets for the sector’s products, with a value of $681 million.
He said that there is a 25% growth rate in the sector’s exports to the 10 most important markets, including Italy, France, India, Britain, Spain, Brazil, Belgium, Morocco and the Netherlands.
Abu Al-Makarem listed the advantages that the sector enjoys, on top of which is that it includes expertise and labor-intensive that accommodates all disciplines and fields, as well as the deepening of local industrialization due to the rapid growth of its industries in the Egyptian market and its association with many small, medium and large complementary industries, as well as the great diversity of its products such as packaging and packaging industries Detergents, intermediate materials, automobile feeding industries, optimum utilization of natural gas reserves and achieving an added value contribute to supporting the national economy.
Abu Al-Makarem said that the problem that the council faced in the last period is the increase in the number of exporters, noting that the number of exporters has been increased during the past three years from 300 to 2540 exporters, through the support and backing of the factory and small exporter.
He added that the council targets a number of export markets during 2023, including Kenya, Tanzania and Uganda in East Africa, Ghana, Nigeria, Ivory Coast and Senegal in West Africa, Brazil, Argentina, Uruguay and Uruguay in the Mercosur, Morocco and Jordan in the Arab countries, expecting an increase in the sector’s exports to the African market within next year by a large number.