New Report Available: Turkey Petrochemicals Report Q2 2015

From: Fast Market Research, Inc.
Published: Fri Feb 20 2015

The fundamentals of Turkey's petrochemicals market (a growing population, the privatisation drive and a thriving role as an energy and transport hub) will keep the market on the watch list for investors, particularly in relation to opportunities in the polyvinyl chloride (PVC) and construction polymers market.

The country's largest petrochemicals producer, Petkim, expanded its ethylene and purified terephthalic acid (PTA) capacities increased by 80,000 tonnes per annum (tpa) and 70,000tpa respectively. This should boost production in 2015, following a subdued year in 2014 when chemical production grew by around 4% in 2014 while plastic and rubber products rose 3.5%. The country should benefit from cheaper naphtha prices, although low consumption growth has caused a drop in product prices on the Turkish market.

However, the country remains highly exposed to external markets, particularly the eurozone. The effect of subdued export demand on industrial production led to a 1.5% y-o-y fall in chemicals output and growth of just 0.8% growth in plastic and rubber. As a result, growth is not guaranteed as linear progression. Indeed, much will depend on construction and the automotive industry, which are the key drivers of petrochemicals consumption. Growth in housing development in a rapidly growing country should stimulate demand for construction-related plastics. Meanwhile, engineering plastics and synthetic rubber demand will benefit from a recovery in automotive production growth.

Full Report Details at

Key Developments And Forecasts

* Turkey sits in 12th place in BMI's Europe Petrochemicals Risk/Reward Index this quarter, with a score of 48.8 out of 100, down 0.2 points since the previous quarter due to a reduction in country risk brought about by the subdued growth in the eurozone. There is potential for another downward revision if external markets significantly undermine the performance of the domestic market. Turkey is 1.2 points ahead of Slovakia and 8.9 points behind...

The Turkey Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'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 Turkey Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Turkish 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 Turkish petrochemicals market.

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