Follow on Google News News By Tag * Petrochemical * Petrochemicals * Russian * Ratings * Gas * Ukrainian * Plastics * Oil * Relations * Closure * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Market Report, "Ukraine Petrochemicals Report Q4 2010", publishedNew Energy market report from Business Monitor International: "Ukraine Petrochemicals Report Q4 2010"
However, continued poor performance in the Ukrainian automotive sector means it will operate well below maximum output capacity over the forecast period, leading to low levels of engineering plastics consumption by this crucial industrial sector. The country's construction industry, a major consumer of PVC in Ukraine, is also plagued with lingering problems following a 40% contraction in 2009. It will take until 2014 at the earliest for plastics demand from the construction sector to return to 2008 levels. Consequently, exports to Russia will feature strongly in the Ukrainian petrochemicals recovery. Exports will be encouraged by the warming relations between Russia and Ukraine following the election in February 2010 of pro-Russian candidate Viktor Yanukovych to the presidency. This prompted an immediate and positive response from Moscow towards trade and investment with Ukraine. The improved political relationship should prevent a return of the gas supply crises that have plagued the Russian petrochemicals industry over the past two years and has already prompted a downward revision in the cost of gas. However, the petrochemicals industry lacks competitive edge and is burdened by high costs and inefficiency. Unless the industry is modernised, there is a risk of permanent low capacity utilisation, loss-making and possible closure. Notwithstanding plant closures, while Ukraine's petrochemicals industry is not expected to contract any further, due to the depth of the decline, it will take until at least 2014 before it reaches 2008 levels, based on the slow recovery in the Ukrainian and Russian market. BMI forecasts plastics output of 365,000 tonnes in 2010, up by around 17.5% over 2009 levels. Although growth will be strong, it is largely due to base effects. Output will still be 16% down on 2008 levels, and Ukraine's petrochemicals sector will be operating at around 70% capacity - which is well below the 80-85% level which BMI regards to be the break-even point for the industry. A diversification in markets and feedstock sourcing to remove the industry's dependence on domestic and Russian demand would enhance Ukraine's petrochemical prospects. With the kind of economic growth rates seen in 2000-2007 unlikely to be repeated, the petrochemicals industry will be more heavily reliant on export markets. The depreciation of the hryvnia may provide some slight relief in terms of competitiveness, but equally it raises the cost of feedstock; which has to be passed on to the consumer or simply absorbed by the industry - which is already financially precarious. This has, however, been mitigated by the Russian gas deal. Ukraine is in 10th place in BMI's Central and Eastern Europe Petrochemicals Business Environment matrix, with a score of 37.5, down 0.1 point since the previous quarter due to a decline in the country risk rating. This puts Ukraine 2.6 points behind Bulgaria and 4.3 points ahead of Azerbaijan. The score is the result of the imminent start of operations at a 300,000tpa PVC plant in Kalush and an improvement in market risk ratings due to a deal with Russia over cut-price gas supplies. The score has been strengthened by the election of a new Moscow-oriented government which provides some stability in the operating environment for the petrochemicals industry and trade relations with its largest market, Russia. However, the score is held back by very weak a long-term financial markets outlook, although this can get better in the event that IMF credit is sustained and the banking system revived. The overall petrochemicals rating score has plenty of upside potential. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Ukraine Petrochemicals Industry SWOT - Ukraine Political SWOT - Ukraine Economic SWOT - Ukraine Business Environment SWOT Global Overview - Petrochemicals Market Overview - Table: World Ethylene Production By Country, 2009 And 2014 ('000 tonnes capacity) - Financial Results - Table: Financial Results Of Major Petrochemicals Companies, 2009 - Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q409-Q410 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2007-2014 (US$/bbl) European Petrochemicals Overview - Table: Financial Results Of European Petrochemicals Producers, Q110 (EURmn) Ukraine Market Overview - Market Structure - Table: Ukraine's Petrochemicals Sector - Cracker Capacity, 2005-2012 ('000tpa) Industry Trends and Developments - Upstream Business Environment - Petrochemicals Business Environment Ratings - Table: Central And Eastern Europe Petrochemicals Business Environment Ratings Forecast Scenario - Petrochemicals Outlook - Table: Ukraine's Petrochemicals Sector, 2006-2014 ('000tpa, unless otherwise stated) - Macroeconomic Outlook - Table: Ukraine - Economic Activity, 2007-2014 Company Monitor - KarpatNaftoKhim - Stirol - TNK-BP Country Snapshot: Ukraine Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2000-2012 Glossary Of Terms - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. 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. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
|
| |||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number