Slovakia Petrochemicals Report

 Published On: Jan, 2014 |    No of Pages: 85 |  Published By: BMI Petrochemicals | Format: PDF
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The Slovakian petrochemicals industry experienced strong growth as a result of export-led growth and improved operating margins, despite the country's lacklustre overall economic performance, according to BMI's latest Slovakia Petrochemicals Report. Modest growth in capacity is expected in the medium-term. In 10M13, the chemicals production index showed 4.9% year-on-year (y-o-y) growth while the rubber and plastics index rose 4.1%. Chemicals output had reversed an average decline of 4.4% in 2012 while rubber and plastic strengthened from growth of 2.0%. Local petrochemicals producer Slovnaft reported that in 9M13 monomer and polymer output was up 12% y-o-y to 243,000 tonnes.

In 2013, Slovakia's petrochemicals capacities included 210,000 tonnes per annum (tpa) ethylene, 50,000tpa benzene, 40,000tpa ethylene oxide, 40,000tpa ethylene glycol, 180,000tpa low density polyethylene, 255,000tpa polypropylene and 65,000tpa xylenes. The industry is small by international standards and largely fulfils domestic demand, although it has become more efficient and productive as a result of the consolidation of Slovnaft's petrochemicals operations into MOL and the implementation of a common single-channel polymer sales operation between MOL's TVK and Slovnaft.

Industry View 7
Political 9
Economic 10
Business Environment 11
Industry Forecast 12
Table: Slovakia's Petrochemicals, 2012-2018 ('000 tonnes, unless otherwise stated) 14
Macroeconomic Forecasts 16
Economic Activity 16
Table: Slovakia - Economic Activity 22
Industry Risk Reward Ratings 23
Europe Petrochemicals Risk Reward Ratings 23
Table: European Petrochemicals Risk/Reward Ratings (Scores Out Of 100) 27
Slovakia Petrochemicals Risk/Reward Ratings 28
Market Overview 29
Table: Slovakia's Petrochemicals Facilities 29
Industry Trends And Developments 31
Company Profile 32
Slovnaft 32
Regional Overview 36
Europe Overview 36
Declining Capacities 37
Table: European Cracker Capacities, 2013 42
Global Industry Overview 46
A Stable 2013, Leading To Growth In 2014? 46
Table: Top 10 Ethylene Producers, 2013 48
Long-Term Growth 48
Shale: The Future Of Feedstock? 50
Threats To growth 53
Global Oil Product Price Outlook 53
Methodology 53
Crude Price Forecasts 54
Table: BMI's Oil Price Forecasts, Average Price (US$/bbl) 54
Variance Across Product Markets 54
Narrower US Market Crude-Product Spreads 58
Weak Demand Persists 59
Risks To Outlook 60
Table: BMI's Refined Products Forecasts, US$/bbl 60
Supply: Supported By Global Refining Capacity 62
Naphtha: US Gas Hits Demand 65
Gasoline And Gasoil/Diesel: Subsidies & Fuel Efficiency Cap Upward Movement 68
Jet Fuel: Limited Upward Movement 70
Table: Total Air Freight And Passenger Volumes 72
Bunker Fuels: Sulphur Control To Hit Rotterdam Hardest 72
Demographic Forecast 76
Demographic Outlook 76
Table: Slovakia's Population By Age Group, 1990-2020 ('000) 77
Table: Slovakia's Population By Age Group, 1990-2020 (% of total) 78
Table: Slovakia's Key Population Ratios, 1990-202079
Table: Slovakia's Rural And Urban Population, 1990-2020 79
Glossary 80
Table: Glossary Of Petrochemicals Terms 80
Methodology 81
Industry Forecast Methodology 81
Risk/Reward Ratings Methodology 83
Table: Petrochemicals Risk/Reward Rating Indicators 84
Table: Weighting Of Indicators 85

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