New Report Available: Hungary Petrochemicals Report Q1 2016

The Hungarian petrochemicals market will witness lower growth as the economy experiences a slowdown, turning from a regional outperformer to a slow-growth market. However, surging automotive output should help support polymer and rubber consumption growth in 2015 and beyond.

Growth in rubber and plastic output was strong in the first five months of 2015 at 12.4%, nearly twice the rate of overall manufacturing growth. While output has been on an upwards trend since mid-2014, in Q215 it showed signs of a slowdown, in line with the performance of the overall economy. Polyethylene (PE) output rose by 10% y-o-y to 272,000 tonnes in H115 with growth largely concentrated in the first quarter with growth slackening considerably in the following quarter. In contrast, polypropylene (PP) experienced a sustained surge with 23.5% y-o-y growth to 268,000 tonnes in H115. Petrochemicals output should be supported by a new butadiene capacity that is due to come onstream by end-2015.

Full Report Details at
- http://www.fastmr.com/prod/1070790_hungary_petrochemicals_report.aspx?afid=301

In the refining sector, which produces the naphtha feedstock used by the Hungarian petrochemicals sector, we forecast steady production of refined products to rise marginally to 181,000 barrels per day (b/d), leaving 55,000b/d to export once domestic demand of 125,500b/d are met. The incremental improvement in utilisation rates is something we see continuing for at least three more years (85.4% in 2015; 86.3% in 2016). It is a reflection of a modern, well-managed midstream sector in Hungary.

Key Developments And Forecasts

The automotive industry is set to lead consumption growth in 2015, rising 13% due to capacity growth, helping to support domestic demand for engineering plastics, synthetic rubbers and polyurethanes.

The Hungary 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 Hungary Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian 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 Hungarian petrochemicals market.
* Target business opportunities and risks in the Hungarian petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hungary.
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