DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/0436ca/ukraine_petrochemi) has announced the addition of the "Ukraine Petrochemicals Report Q3 2011" report to their offering.
Ukraine Petrochemicals Report provides industry professionals and strategists, corporate analysts, petrochemical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Ukraine's petrochemicals industry.
Ukrainian petrochemicals output showed signs of slowdown in the first few months of 2011 and BMI's latest Ukraine Petrochemicals Report expects low or stagnant growth over the rest of the year with a full recovery to pre-recession production rates not expected until 2015.
The petrochemicals sector in Ukraine made a rebound in 2010 in line with recovering exports, although it did not return to pre-recession operating rates. The index of chemical and petrochemicals production indicated that the sector grew 22.5% year-on-year (y-o-y) in 2010, helping to offset a 23.2% decline witnessed in the previous year. For the first time since 2007, the chemicals and petrochemicals industry performed better than industry overall. Chemicals output was up 26.6% while rubber and plastic production was up 10.1%. However, impressive double-digit growth has still not returned the industry to its full potential. Plastics output totalled 339,600 tonnes in 2010, 25,400 tonnes below BMI's forecast. Growth in 2010 came in at just over 11% y-o-y, which meant that the industry was operating at below 70% capacity and 22.3% down in 2008 levels.
In Q111, chemical and petrochemical output grew 18.0% y-o-y with basic chemicals up 38.9%, rubber products up 1.8% and plastic products up 14.8%. Performance declined through the quarter, particularly in March, as base effects wore off. On a quarter-on-quarter (q-o-q) basis, primary plastics output in Q111 was down 8.1% to 109,700 tonnes, in line with a slowdown in the broader economy.
Companies Mentioned:
- KarpatNaftoKhim
- Stirol
- TNK-BP
For more information visit http://www.researchandmarkets.com/research/0436ca/ukraine_petrochemi