Turkey Petrochemicals Report Q1 2015

Business Monitor International
December 3, 2014
73 Pages - SKU: BMI5397822
Countries covered: Turkey

Turkey Petrochemicals Report Q1 2015

BMI View: Domestic polymer markets experienced a downturn in Q414 and there are many downside risksin the short-term, but BMI's latest Turkey Petrochemicals Report does not envisage investment programmesbeing knocked off course in the long-term.

The import dependent market ensures that Turkey will remain a significant polymer market, but demandtrends will influence the performance of imports. But as an export-oriented industrial producer, theperformance of the EU market will be crucial to the structure and dynamism of petrochemicals demand. Assuch, a slowdown in the EU will have knock-on effects on Turkish imports.

The rate of growth on the Turkish petrochemicals market will probably remain subdued, particularly if theeurozone's lacklustre performance continues. The major depreciation in the lira is making the cost of foreigncredit prohibitively high and raising the cost of imports, which will pose a downside to domestic marketactivity.



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