(MENAFNEditorial)
Negative risks are set to hit petrochemicals production in 2015 with end use markets such as the construction and automotive industries contracting sharply. BMI's latest Russia Petrochemicals Report warns that petrochemicals projects will be delayed and could be cancelled altogether as a result of the crisis if it persists into next year. Already producers are revising project timelines and capacities.
A number of projects have been pushed back due to the economic crisis affecting Russia. New polymer plants are planned although no major expansion is planned in 2015. Some delays have been accompanied by revisions in planned capacities often upward revisions. These plans could be revised further depending on the depth and longevity of the country's economic recession. In turn this will be affected by political events notably the Ukraine crisis which has prompted EU and US sanctions against Russia.
Full Report Details at
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In addition to concerns surrounding the viability of expansion projects in light of sanctions and declining oil prices Russia's petrochemicals sector also suffers from structural inefficiencies which have deterred investment particularly in the country's export-oriented production. Challenges include the country's manufacturing sector which is not competitive without the presence of government incentives. Importantly we do not expect such hurdles to be cleared in the short-to-medium term resulting in a subdued outlook for the country's export-led industries.
* In 2015 the construction sector is due to contract by 7.1% while the automotive industry will see output plummet 11.1%. With these sectors playing a critical role in the petrochemicals markets they will impact heavily on domestic petrochemicals production across a wide variety of segments.
* In 2019 we envisage ethylene capacities totalling 7.7mn tonnes per annum. However some segments will see little or no movement notably styrenics and some intermediates such as ethylene oxide/ethylene glycol and...
The Russia Petrochemicals Report has been researched at source and features BMI Research'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 Russia Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Russian 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 Russian petrochemicals market.
* Target business opportunities and risks in the Russian petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Russia.
* 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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