(MENAFNEditorial)
We believe the Kuwait petrochemicals industry's drive towards diversification and adding value to output should help it secure export markets at a time of heightened global competition and tougher demand conditions.
The Kuwaiti petrochemicals industry's main Asian export markets - India and China - are likely to diverge in performance in 2015. While India strengthens with a stimulus to consumption and increasing business confidence China is facing a downturn in growth although government intervention should prevent any recessionary problems. In the medium term both countries will witness increased market self-sufficiency. At the same time the Asian market will be increasingly flooded with cheap shale-based petrochemicals output from the US. However BMI believes the industry's drive towards diversification and adding value to output should help it secure export markets.
Full Report Details at
- http://www.fastmr.com/prod/912344_kuwait_petrochemicals_report_q1_2015.aspx?afid=101
* A poor investment climate will mitigate the impact of development of downstream conversion industries with a meagre amount of local petrochemicals production absorbed by the Kuwaiti market. However although Kuwait is dependent on costlier naphtha feedstock cracking heavier hydrocarbons will provide opportunities for a more diverse product range through co-products that it has as yet failed to fully exploit in downstream processing.
* China and India will remain key markets for Kuwaiti petrochemicals with their manufacturing industries playing a major role in exports and with the automotive industry likely to be a key player in absorbing Kuwait's product slate. While China is set for moderation in 2015 India is likely to surge ahead on the back of improved investor sentiment.
* Kuwait's petrochemicals Risk/Reward Index score is 61.1 points this quarter unchanged since the previous quarter. It remains in third place in our regional Risk/Reward Index ranking for the Middle East and Africa 0.7 points ahead of Qatar and 5.6 points behind the UAE.
The Kuwait Petrochemicals Report has been researched at source and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services sales market share investments projects partners and expansion strategies.
BMI's Kuwait Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti petrochemicals industry.
Key Benefits
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Kuwaiti petrochemicals market.
* Target business opportunities and risks in the Kuwaiti petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Kuwait.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering petrochemicals markets regulatory changes major investments projects and company developments.
Market Overview
Structure size and value of the industry sector; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.
Business Environment Rankings
BMI's Petrochemicals Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (both corporate and financial) in the regional petrochemicals market.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.
Industry Trends & Developments
Evaluation of company and sector-wide developments including key projects (as well as expansion plans) latest company financial details and proposed international ventures.
BMI Industry Forecasts
Historic data series (2009-2012) and forecasts to end-2018 for all key industry and economic indicators supported by explicit assumptions plus analysis of key risks to the main forecasts. Indicators include:
Energy: Oil production (`000 b/d) oil consumption (`000 b/d) net oil exports (`000 b/d) gas production (bcm) gas consumption (bcm) net gas exports (bcm) oil refinery capacity (`000 b/d).
Petrochemicals: Ethylene capacity (`000 tpa) ethylene production (`000 tpa) ethylene consumption (`000 tpa) polyethylene capacity (`000 tpa) polypropylene capacity (`000 tpa) polyvinyl chloride capacity (`000 tpa) polyolefins consumption (`000 tpa).
Oil Products Prices: Price forecasts for all major oil-based products (US$/bbl) at major global energy trading hubs.
Economic: Nominal GDP (US$bn) real GDP growth (%) GDP per capita (US$) population (mn) unemployment (%) exchange rate (against US$).
Company Profiles
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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