(MENAFNEditorial)
Growth of just 0.1% in overall plastics production marked a gloomy year for Polish petrochemicals producers in 2014. Declines in major polymers and rubbers were only partly offset by a fall in naphtha feedstock prices later in the year. However BMI's Poland Petrochemicals Report anticipates a stronger performance in 2015 when petrochemicals margins are expected to recover amid lower costs and improved export orders.
In 2014 Poland had olefins of 760000tpa ethylene 475000tpa propylene and 60000tpa butadiene. Polymer capacities include 320000tpa high-density polyethylene (HDPE) 170000tpa low-density polyethylene (LDPE) 400000tpa PP 550000tpa PVC 90000tpa polystyrene (PS) and 120000tpa polyethylene terephthalate (PET). In the fertiliser segment it had capacities of 1.4mn tpa in both ammonia and urea.
Full Report Details at
- http://www.fastmr.com/prod/957441_poland_petrochemicals_report_q2_2015.aspx?afid=101
In 2014 the main losers were PVC and polypropylene which fell 10.1% and 10.8% respectively. The root causes were lacklustre performance in the construction and automotive industries and poor performance of exports on the German market. Both petrochemicals end-use markets are expected to improve in 2015 with a recovery in the eurozone market as well as rising investment in the domestic industry.
There is plenty of room for growth with under-utilised petrochemicals facilities allowing for rapid growth in production. These trends could prompt growth in capacities in the long-term. Plans outlined by Polish refiners Grupa Lotos and Grupa Azoty which are considering building a 1mn tpa petrochemicals complex in Gdansk could represent the biggest petrochemicals investment in Poland for many years. However it is unlikely that the complex will come on-stream before 2019 and much depends on access to competitively priced feedstock.
The fall in Polish petrochemicals output in 2014 along with a deterioration in long-term country risk scores has prompted BMI to downgrade its Petrochemicals Risk/Reward Index (RRI) score by 0.3 points to 58.8 points. However it...
The Poland 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 Poland Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Polish 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 Polish petrochemicals market.
* Target business opportunities and risks in the Polish petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Poland.
* 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 the petrochemicals markets regulatory changes major investments projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the petrochemicals sector and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (2009-2013) and forecasts to end-2019 for 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 (USD/bbl) at major global energy trading hubs.
* Economic: Nominal GDP (USDbn) real GDP growth (%) GDP per capita (USD) population (mn) unemployment (%) exchange rate (against USD).
BMI’s Petrochemicals Risk Reward Index
BMI’s Risk Reward Indices provide investors (both corporate and financial) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
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.
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.
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.
Global & Regional Market Overview
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