Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Energy & Environment

Market Report, "France Petrochemicals Report Q2 2014", published


Print article Print article
2014-03-30 14:00:59 - Fast Market Research recommends "France Petrochemicals Report Q2 2014" from Business Monitor International, now available

The French petrochemicals industry suffered a decline in output in 2013 as a result of domestic and external economic woes but, while recovery is expected to begin in 2014, it will be some years before output returns to pre-2008 levels. After plant closures some segments, such as olefins, some output will never fully recover, according to BMI's latest France Petrochemicals Report.

In 2013, output of basic chemicals, fertilisers, plastics and synthetic rubber in primary forms declined by 0.9% y-o-y, compared to a decline of 4.5% in the previous year, according to data from the French National Institute of Statistics. While chemicals output grew by 2.2%, plastic and rubber fell by the same amount, indicating the fragility of the sector's recovery. According

to the Union des Industries Chemiques (UIC, Chemicals Industries Union), in the first three quarters of 2013, French chemicals, plastic and rubber output rose by an average of 1.3% year on year (y-o-y), although base chemicals declined by 2.7%. The performance of the French chemicals industry outstripped that of the European average of -0.5%. The UIC said that while performance of the sector stabilised in Q313, production had retreated from the previous quarter. While exports fell by 2.3%, imports declined by 5.8%, leading to a 38% increase in the chemicals trade surplus to EUR4.7bn.

Full Report Details at
- www.fastmr.com/prod/782517_france_petrochemicals_report_q2_2014. ..

Over the past quarter BMI has revised the following forecasts/views:

* French petrochemicals output could be hampered by labour disputes. In December 2013, a dispute between Total and the French CGT union severely undermined the production of styrene and mixed xylenes at the company's Gonfreville refinery and petrochemical site. The complex accounts for 10% of styrene and 15% of mixed xylene capacity in Europe, and disruption to activities could impact negatively on European markets.
* Over the medium term, there will be little to stimulate the petrochemicals market. Construction growth will remain anaemic, which should provide stability in the vinyls chain if not recovery, although France will not contribute much to overall European consumption growth. Meanwhile, automotive sector output will remain lacklustre with slow levels of growth; it is unlikely to return the sector to pre-recession levels as the industry experiences structural change. As such, its contribution to plastics consumption growth will diminish with a knock-on effect for producers of engineering plastics. In contrast, agribusiness is set to rebound from 2013, providing some upside for chemical fertilisers.
* France scores 73.1 points in BMI's petrochemicals Risk/Reward Ratings, down 0.5 points due to a decline of 5.0 points in its industry risk score caused by poor market conditions and the impact of rising trade union militancy on production and exports. As a result, it has fallen one place in BMI's European petrochemicals rankings to third place, 0.5 points behind the Netherlands and 0.9 points ahead of Belgium. France's score has been undermined in recent quarters by relatively poor long-term financial and external ratings as well as the effects of strike action on the market risk environment.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com