Fast Market Research

Now Available: Poland Petrochemicals Report Q1 2014

New Energy research report from Business Monitor International is now available from Fast Market Research

 
Repost This

Boston, MA -- (SBWIRE) -- 12/25/2013 -- The Polish petrochemicals industry has taken advantage of increased export demand in order to overcome deficiencies in the local market. As it approaches the likely completion of restructuring and divestment, we believe the industry is looking to greater diversification of production, thereby boosting its competitiveness and adding value.

Recent investments have been targeting the polyester and polyurethane chains and now producers are looking at expanding capacities in plasticisers and high value conversion of polymers. Growth in investment and output in the face of a continued domestic slowdown in demand proves that the Polish petrochemicals industry is meeting the challenge of expanding its external market presence.

In the first nine months of 2013, plastic output grew 20.9% y-o-y to 2.06mn tonnes with polyethylene (PE) up 15.9% to 267,000 tonnes, polyvinyl chloride (PVC) up 23.2% to 234,000 tonnes and polypropylene (PP) up 12.9% to 197,000 tonnes. Meanwhile, synthetic rubber output was up 2.2% to 146,000 tonnes. Output strengthened considerably after May, barring a shutdown in July. Stronger plastics performances helped lift ethylene output by 18.2% y-o-y to 376,000 tonnes and propylene output up 15.3% to 267,000 tonnes. Local manufacturers attempted to compensate for weaker domestic demand with increased exports.

View Full Report Details and Table of Contents

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

- BMI's automotive team anticipates a 2.4% contraction in automotive output in 2014 following a slump of 17.2% in 2013 with a slow recovery in following years. We do, however, remain positive about the long-term growth potential in Poland's manufacturing segment and for plastics suppliers to the automotive industry, the slump in local demand will mean a greater focus on export markets with France and Germany obvious destinations for exports, as well as CEE markets.
- The Polish residential and non-residential construction sector declined 3.2% in 2013. However, there is growing optimism in the segment, where we forecast average growth of 2.5% y-o-y during the 2014-2018 forecast period. As a result, construction-related materials - especially poly vinyl chloride (PVC) - will experience growth in demand.
- The agribusiness sector will be the strongest industrial consumer in the petrochemicals industry, although poor grain production is weighing on farmers' incomes with a resulting reduction in fertiliser demand. We believe more fertilisers produced in Poland will be sold locally instead of for export, reinforcing our view that domestic consumption growth will be strong over the long term.
- Poland's score is 59.4 out of 100 this quarter, unchanged since the previous quarter.

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 http://www.fastmr.com 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:

- Czech Republic Petrochemicals Report Q1 2014
- Iran Petrochemicals Report Q1 2014
- Hungary Petrochemicals Report Q1 2014
- Azerbaijan Petrochemicals Report Q1 2014
- Algeria Petrochemicals Report Q1 2014
- Romania Petrochemicals Report Q1 2014
- Qatar Petrochemicals Report Q1 2014
- Egypt Petrochemicals Report Q1 2014
- Royal Dutch Shell Plc, Company Intelligence Report
- Australia Petrochemicals Report 2014