(MENAFNEditorial)
Mexican petrochemicals production fell during much of 2014 in spite of rising economic activity indicating that rising demand was benefiting imports and domestic producers were struggling to compete according to BMI's latest Mexico Petrochemicals report.
On the upside interest in investment in Mexican petrochemicals is set to pick up following energy reforms which open up the upstream sector to private investment. The petrochemicals industry will be primarily focused on the Etileno XXI project which is due on stream in Q415. Etileno XXI will create 1.05mn tpa ethylene capacity 750000tpa high-density polyethylene (HDPE) capacity and 300000tpa low-density polyethylene (LDPE) capacity.
Other expansions include plans to double vinyl chloride production (VCM) output to 400000tpa thereby improving cost effectiveness of its PVC operations. Etileno XXI will cut Mexico's polyethylene imports by 35-40% reducing the product's trade deficit by USD1-2bn. Pemex is upgrading its Camargo plant in Chihuahua state by Q116 in order to reactivate fertiliser production. The plant has the capacity to produce 132000tpa of ammonia but has been mothballed for a decade.
Full Report Details at
- http://www.fastmr.com/prod/938421_mexico_petrochemicals_report_2015.aspx?afid=101
Key Views:
* Although Etileno XXI cut Mexico's polyethylene imports by 35-40% reducing the product's trade deficit by USD1-2bn Mexico will remain a net importer of polymers over the long term as the country's burgeoning manufacturing sector will continue to require higher levels of basic plastics.
* A range of expansions are planned for propylene ethylene glycol paraxylene and ethanolamines. However many of these projects are yet to get underway and a glut in the market over the medium-term potentially caused by over-supply in the US market could prompt a revision or cancellation.
* In terms of domestic end use markets construction and automotive sectors will be crucial. Construction is set to witness stronger growth in 2015 helping to lift a range of extruded polymers particularly in PVC. Meanwhile...
The Mexico 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 Mexico Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Mexican 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 Mexican petrochemicals market.
* Target business opportunities and risks in the Mexican petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Mexico.
* 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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