(MENAFNEditorial)
The promised relaunch of Karpatneftekhim's polyethylene (PE) and polyvinyl chloride (PVC) facilities could boost Ukraine's petrochemicals industry in 2015 but with end markets likely to be lacklustre in the face of political and economic crisis it may take until 2016 before the plants reach high levels of capacity utilisation according to BMI's latest Ukraine Petrochemicals Report.
In 2014 Ukrainian chemicals output declined by 5.1% year-on-year (y-o-y) to UAH46.6bn. Production grew sharply in the final two months helping to end the year on a more positive note in an otherwise depressed 2014 and a decline of 10.6% in 2013. Meanwhile rubber output declined 15.3%. The decline in plastic production was partly related to the closure of Karpatneftekhim.
Karpatneftekhim closed its 110000 tpa polyethylene (PE) and 300000tpa suspension polyvinyl chloride (SPVC) production in Q215 in Q214 due to a poor market output. This weighed down the country's petrochemicals output. In January 2015 reports suggested the plants could reopen in Q215 due to improved feedstock cost as a result of declining oil prices although it is unclear what rate of production they will reach.
Full Report Details at
- http://www.fastmr.com/prod/957450_ukraine_petrochemicals_report_q2_2015.aspx?afid=101
Ukraine's political crisis also led to the closure of fertiliser producer Stirol which is located in Horlivka (Donetsk region) and is part of Ukrainian businessman Dmytro Firtash's Group DF in May 2014 due to the critical situation in the region and threats to security. Production of ammonia and its derivatives - urea ammonium nitrate and urea-ammonium nitrate - were suspended.
* Before closure Karpatneftekhim was planning to extrude PVC profiles for windows at the site. The company already has facilities with capacities of 182000tpa chlorine and 200000tpa caustic soda at the site. Together the two projects in Kalush will establish a major industrial petrochemicals and plastics facility sufficient to supply the construction sector. A serious revival of the PVC plant and economic...
The Ukraine 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 Ukraine Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ukrainian 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 Ukrainian petrochemicals market.
* Target business opportunities and risks in the Ukrainian petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Ukraine.
* 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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