Turkey Petrochemicals Report - Q4 2014

Business Monitor International
September 10, 2014
103 Pages - SKU: BMI5325723
Countries covered: Turkey

Turkey Petrochemicals Report - Q4 2014

The short-term outlook for the Turkish petrochemicals industry is challenging, with the depreciation of thelira and the rising cost of credit dampening domestic demand, but export growth and low stocks should helplift demand going forward, according to BMI's latest Turkey Petrochemicals Report.

Buying demand for polymers appeared to decrease going into Q314 amid increased production and slowerthan expected market growth. Turkish petrochemicals demand will be robust in the coming years after atemporary slowdown in 2013. The key drivers will be strong construction and autos industry growth.

However, in the short-term the pressures Turkey has felt over 2013 and the first half of 2014 will dampenthe growth of the local petrochemicals market. The Turkish lira has suffered a major depreciation. In theface of mounting policy uncertainty and rising US bond yields, project financing from domestic banks willsubsequently become more expensive as Turkish banks are heavily reliant on international credit. This willhave knock-on effects on industrial consumption of petrochemicals projects as well as the wider economiccontext.

More Petrochemicals reports by Business Monitor International

Thailand Petrochemicals Report Q4 2014 by Business Monitor International
Thailand Petrochemicals Report Q4 2014Thailand's petrochemicals outlook is clouded by the domestic political crisis and the local marketslowdown, but hopes for export-oriented growth to offset ...
Egypt Petrochemicals Report Q4 2014 by Business Monitor International
Egypt Petrochemicals Report Q4 2014The expansion of the Egyptian petrochemicals industry is likely to go ahead, although delays are expected.Greater political stability under the new ...
Petrochemicals Report - United States Q4 2014 by Business Monitor International
BMI View: The US petrochemicals industry continues to expand on the back of growth in ethaneavailability as a result of shale gas exploitation. With exports ...
Petrochemicals Report - Philippines Q4 2014 by Business Monitor International
The Philippines' first cracker has witnessed a difficult start to operations with a temporary halt in mid-June2014 when the facility broke down leading to a ...
See all reports like this >>



    Report with 3 quarterly updates  USD 1,295  
    Report with 3 quarterly updates
3 User License
  USD 1,945  
    Report with 3 quarterly updates
5 User License
  USD 2,500  
    Report with 3 quarterly updates
Departmental/Site License
  USD 2,995  
    Global Site License Fulfilled by Publisher  USD 6,995  
US: 800.298.5699
Int'l: +1.240.747.3093

Share this report

    Other tasks

    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!