Taiwan Petrochemicals Report 2015 - Business Monitor International - Industry Reports

Taiwan Petrochemicals Report 2015

Taiwan Petrochemicals Report 2015 - Business Monitor International - Industry Reports
Taiwan Petrochemicals Report 2015
Published Jan 17, 2015
66 pages — Published Jan 17, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Taiwan has a small domestic market, relatively high labour costs compared with its neighbours, a strong environmentalist lobby and a large volume of FDI flowing into Mainland China. Yet, it retains a competitive advantage in logistics due to its proximity to China s most industrially advanced provinces. ...However, the planned closure of the ---,---b/d Kaohsiung refinery in ---- will likely bring the country s crude oil distillation capacity to -.--mn b/d by the end of our forecast period. The fall in refining capacity will slightly hit refined production in the short term, including the naphtha availability to the petrochemicals industry, but we expect output to remain relatively steady thereafter as the refinery utilisation rate rises from about -- at present to about -- by the end of our forecast period in ----. We expect production to fall from an estimate of ---,---b/d in ---- to ---,---b/d in ----, but see a slow upward climb to about ---,---b/d to meet the slight growth we expect for Taiwan s total oil consumption, while maintaining its ability to meet demand from the export market. ...There are major downsides to the external competitiveness of Taiwanese petrochemicals producers. With the Chinese petrochemicals industry set to witness major expansion amid slower rates of demand growth

...Taiwan s petrochemicals industry depends on its ability to compete on the Asian market, but BMI s latest Taiwan Petrochemicals report states that the island could find itself crowded out as a result of rising Chinese self-sufficiency and growth in low-cost shale-based ethane-fed production in the US. In ----, Taiwan saw the beginning of a recovery in petrochemicals in line with overall manufacturing growth. ...This may well lead to Taiwan becoming a net importer of ethylene over the medium-term. Taiwan s Petrochemicals Risk/Reward score fell -.- points in ---- to --.- on the back of a deterioration in market risk scores as the country s ageing, naphtha-fed petrochemicals industry struggles to compete in a market where prices are falling and costs rising. However, it has risen from sixth to fifth place in the regional rankings as a result of a decline in Thailand s score. ...However, it has risen from sixth to fifth place in the regional rankings as a result of a decline in Thailand s score. It is now -.- points behind Singapore and -.- points ahead of Thailand.

...All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

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Source:
Document ID
1749-2483
Country
Industry
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PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Taiwan Petrochemicals Report 2015" Jan 17, 2015. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Taiwan-Petrochemicals-Report-2015-2026-705>
  
APA:
Business Monitor International - Industry Reports. (2015). Taiwan Petrochemicals Report 2015 Jan 17, 2015. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Taiwan-Petrochemicals-Report-2015-2026-705>
  
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