Fast Market Research

Market Report, "Ukraine Petrochemicals Report Q3 2012", Published

Recently published research from Business Monitor International, "Ukraine Petrochemicals Report Q3 2012", is now available at Fast Market Research


Boston, MA -- (SBWIRE) -- 08/01/2012 -- The Ukraine Petrochemicals Report examines the impact of trends in external markets on Ukraine's expanding chemicals industry, but raises concerns over weakness in feedstock supply - with the industry's profitability tied to oil price negotiations with Russia, its main supplier.

The report also examines potential areas for growth, exploring the impact of the recovery in the car industry on thermoplastics. Furthermore, it analyses the expansion plans outlined by the leading players in the petrochemicals industry as they seek to boost their share of the Russian market.

In Q112, chemicals and petrochemicals production grew 9.2% year-on-year (y-o-y). However, basic chemicals output fell 8.9%, rubber production declined 9.0% and plastic output rose 1.7% as domestic and external demand fell. On the upside, monthly primary plastic output appeared to reach its low-point in January, but recovered over the rest of the quarter, with growth of 44.5% y-o-y registered in March. The opening of a new suspension polyvinyl chloride (PVC) plant by petrochemicals manufacturer Karpatneftekhim in Kalush in August 2011 has further raised capacity in the petrochemicals sector. The plant's capacity is 300,000 tonnes per annum (tpa), which is twice the volume of PVC imported by Ukraine. In 2011, the Ukrainian PVC market amounted to 125,000 tonnes, with the majority supplied via imports from the US and the EU countries. As such, bringing the plant up to full production will require demand from export markets, particularly the Russian construction sector. In 2012, the company plans to start building further capacity for emulsion PVC and PVC profiles.

View Full Report Details and Table of Contents

Over the last quarter BMI has revised the following forecasts/views:

- A weakening global growth picture bodes ill for Ukraine's export-dependent economy, which will weigh on chemicals and petrochemicals production. In all, we expect growth in chemicals and petrochemicals output to decline to around 5% in 2012 from 25% in 2011.
- Ukraine remains in eighth place in BMI's Central and Eastern Europe (CEE) Petrochemicals Risk/Reward Ratings matrix, although its score has declined by 0.2 points to 40.7 points. This puts Ukraine 1.4 points ahead of Bulgaria and 4.4 points behind Romania.
- The relative competitiveness enjoyed by Ukrainian petrochemicals exporters will be eroded by rising domestic gas prices as government subsidies are withdrawn under Kiev's IMF Stand-By Arrangement (SBA), as well as the rise in oil prices, which will spur growth in naphtha feedstock.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Israel Petrochemicals Report Q3 2012
- China Petrochemicals Report Q3 2012
- Czech Republic Petrochemicals Report Q3 2012
- Hungary Petrochemicals Report Q3 2012
- Poland Petrochemicals Report Q3 2012
- Turkey Petrochemicals Report Q3 2012
- South Africa Petrochemicals Report Q3 2012
- Qatar Petrochemicals Report Q3 2012
- Iran Petrochemicals Report Q3 2012
- Germany Petrochemicals Report Q3 2012