New Report Available: Bulgaria Petrochemicals Report 2016

The Bulgarian petrochemicals industry is recovering but remains vulnerable to supply-side shocks in the form of gas feedstock restrictions and high oil prices as well as sluggish external demand, according to BMI's latest Bulgaria Petrochemicals report.

Bulgarian petrochemicals output enjoyed a surge in 2014 as the country's economy began its recovery in earnest. The index for rubber and plastic output surged by an average of 15.7% year-on-year (y-o-y) in the January-August period of 2014, while chemicals output grew 3.1% y-o-y. This compares with overall manufacturing growth of 3.5%.

In 2014, Bulgaria's petrochemicals capacities remained unchanged with olefins capacities of 300,000 tonnes per annum (tpa) ethylene, 80,000tpa propylene and 50,000tpa butadiene. This feeds relatively small polymer plants that are insufficient to cover domestic needs. Amid a surge of cheap gas-based production in the US and the Middle East, Bulgaria is struggling with declining petrochemicals profitability.

Full Report Details at
- http://www.fastmr.com/prod/1070763_bulgaria_petrochemicals.aspx?afid=301

BMI notes the following trends:

In spite of growth, limited indigenous oil sources, a relatively small refinery and reliance on gas imports from Russia mean that the petrochemicals sector still faces competitiveness issues and vulnerability to exogenous shocks.

Fertiliser production has grown in recent years with sales led by exports, a trend that will continue provided Russia sustains gas supplies via Ukraine.

In terms of domestic consumption, Bulgaria is set to see a thriving market for rubber and plastics for the automotive industry, which has recently seen the opening of a relatively modest Chinese car plant and the prospect of further additions. However, much of the growth has already been achieved and the plant is now operating at full capacity.

The Bulgaria 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 Bulgaria Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bulgarian 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 Bulgarian petrochemicals market.
* Target business opportunities and risks in the Bulgarian petrochemicals sector

About Fast Market Research

Fast Market Research is a leading 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 is always available to 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 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Egypt Petrochemicals Report Q1 2016
- Israel Petrochemicals Report Q1 2016
- United Arab Emirates Petrochemicals Report Q1 2016
- Kuwait Petrochemicals Report Q1 2016
- Kazakhstan & Uzbekistan Petrochemicals Report 2016