Today: March 30, 2017, 6:54 am
Energy & Environment

Market Report, "Ukraine Petrochemicals Report Q2 2014", published

Recently published research from Business Monitor International, "Ukraine Petrochemicals Report Q2 2014", is now available at Fast Market Research 2014-03-24 12:51:35
Ukraine's petrochemicals industry continues to struggle out of recession with poor domestic growth and an increasingly competitive export market. BMI's latest Ukraine Petrochemicals Report sees little optimism in the years ahead, a position reflected in Lukoil's decision to again suspend production at its Karpatneftekhim's polyvinyl chloride (PVC) complex, just weeks after it was re-opened following an agreement with the government on protectionist measures.

The Ukrainian petrochemicals industry performed poorly throughout 2013, with the value of chemical sales down 10.6% year-on-year (y-o-y). Plastic production fell by 35.7% y-o-y to 313,300 tonnes in 2013, following an 11.4% fall in output to 487,500 tonnes in 2012.

The decline is mostly related to the suspension of activity at Karpatneftekhim's complex. Karpatneftekhim's 300,000 tonnes per annum suspension PVC plant was idled for a maintenance turnaround in September and October 2012, but remained shut during a dispute with the government and was only reopened in September 2013. In Q413, the complex produced just 12,000 tonnes of PVC, implying a capacity utilisation rate of just 16%. In January 2014 it was closed again for four months due to poor market demand. The complex also includes polyethylene production. The full resumption of activity is crucial if Ukraine is to return to the kind of production levels it saw before the recession.

Full Report Details at
- ..

BMI notes the following developments:

* The performance of the chemicals and petrochemicals industries reflected the poor performance in the wider economy. The Ukrainian economy remains extremely fragile and is likely to remain a regional growth underperformer over 2014.
* With domestic petrochemicals consumption not expected to return to pre-recession levels over the medium term, Ukrainian production will rely heavily on export-led demand. However, the Russian market will be moving to a position of self-sufficiency and EU markets will see rising market share for competitively priced US and Middle Eastern production. In the midst of this challenging environment, it is difficult to see how the industry will be able to reach capacity utilisation levels that will return a profit.
* Ukraine remains at 14th place in BMI's Europe Petrochemicals Risk/Reward ratings this quarter, while its score has declined 0.3 points to 41.7 points due to a 3.0 points deterioration in industry risk as a result of low capacity utilisation and then temporary closure at Karpatneftekhim's PVC complex, in spite of an agreement between the government and owner Lukoil over import tariffs and other tax issues. Ukraine currently sits 3.4 points behind Romania and 2.1 points ahead of Bulgaria.

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

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 or call us at 1.800.844.8156.

Press Information

Published by
Bill Thompson

# 604 Words
Related Articles
More From Energy & Environment
BlackGold Natural Resources Limited Completes Its First [..]
- First fleet of trucks completed delivery of coal on 24 March 2017 - Second fleet of trucks to commence [..]
Indonesian Ministry of Energy and Mineral Resources [..]
JAKARTA, Mar 10, 2017 - (ACN Newswire) - In regard to the article from Agence France-Presse (AFP) entitled "Jakarta Mining [..]
Earth Day Texas returns to Fair Park [..]
The world’s largest Earth Day exposition and eco-conference returns Apr. 19-23, 2017 to Fair Park. Officially extending its [..]
GSS Releases the New Version 4 Solar [..]
Chinese battery manufacturer Good Sunshine Tech launched a new version IV solar charger, at GSS convension on December 25th, 2016. [..]
Recycling machinery In Businesses
By installing a recycling machine at your business, you are effectively removing the need for cardboard and plastic bins. These [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.