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Czech Republic Petrochemicals Report Q4 2017

Czech Republic Petrochemicals Report Q4 2017

BMI View:

The Czech petrochemicals industry is experiencing strong output growth due to the resumption of operations at Unipetrol's cracker following a lengthy shutdown and robust sales. The beginning of production at the company's new PE3 polyethylene unit will also fuel polymer production in 2018. Growth rates will decline markedly from 2019 as the industry approaches full operational capacity. While production will be supported by the strength of the country's manufacturing sector, particularly the automotive industry, there are risks posed from the supply side in the form of rising feedstock costs and on the demand side as export-orientated industries see competitiveness put under strain by the rising value of the koruna.

The resumption of production at Unipetrol's cracker in August 2016 due to fire damage should lead to strong growth in output and sales. Although market conditions are more risky, the country's manufacturing sector should be buoyed up by growth in the automotive and construction sectors, supporting growth in petrochemicals consumption. Czech chemicals output grew 19.9% y-o-y in H117 while rubber and plastic output grew 8.3% y-o-y. Unipetrol reported that petrochemicals sales volumes grew 128% y-o-y to 956,000 tonnes while its total revenues rose 60% to CZK61bn. The model combined petrochemical margin decreased by 5% y-o-y to EUR834/tonne in H117 due to a decline in polyethylene and polypropylene spreads.


BMI Industry View
SWOT
Industry Forecast
Table: Czech Republic - Petrochemicals Data And Forecasts (2014-2021)
Macroeconomic Forecasts
Economic Analysis
Industry Risk/Reward Index
Europe Petrochemicals Risk/Reward Index
Table: European Petrochemicals Risk/Reward Index (scores out of 100)
Czech Republic Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Table: Unipetrol Group's Financial Statements (CZKmn)
Company Profile
Spolchemie
Unipetrol
Regional Overview
Europe Overview
Global Industry Overview
Demographic Data
Demographic Forecast
Table: Population Headline Indicators (Czech Republic 1990-2025)
Table: Key Population Ratios (Czech Republic 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Czech Republic 1990-2025)
Table: Population By Age Group (Czech Republic 1990-2025)
Table: Population By Age Group % (Czech Republic 1990-2025)
Glossary
Table: Glossary Of Petrochemicals Terms
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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