Hungary Petrochemicals Report Q3 2016

Date: June 15, 2016
Pages: 74
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

The Hungarian petrochemicals industry is witnessing strong growth, supported by additional capacity and rising demand from domestic industries. The automotive industry dominates the sector's end-market, absorbing the supply of polymers and rubbers. While automotive output growth is set to slow, it will still report a forecast 8.1% growth in 2016, giving a strong basis for continued petrochemicals output growth. In 2015, Hungary had olefins production capacities of 660,000 tonnes per annum (tpa) ethylene and 400,000tpa propylene. It is also estimated to have polymer capacities of 400,000tpa high density polyethylene (HDPE), 210,000tpa low density polyethylene (LDPE), 650,000tpa polypropylene (PP) and 440,000tpa polyvinyl chloride.

Following a disappointing 2014, Hungary's rubber and plastic output grew by around 15% y-o-y in 2015, while chemicals output rose 2.3%. MOL reported that its production, most of which originated in Hungary, saw ethylene grew 12.4% y-o-y to 737,000 tonnes, while propylene rose 15.7% to 378,000 tonnes. In polymers, LDPE grew by 17.0% to 177,000 tonnes, HDPE rose 11.7% to 390,000 tonnes and PP rose by 20.6% to 534,000 tonnes. Additionally, the start-up of a new 130,000tpa butadiene unit in Q415 saw output of 39,000 tonnes of butadiene. Growth in butadiene output will help secure feedstock supplies for synthetic rubber used in the country's growing automotive industry.
BMI Industry View
Operational Risk
Industry Forecast
  Table: Hungary's Petrochemical Industry, Historical Data & Forecast, 2012-2020
Macroeconomic Forecasts
Macroeconomic Forecast
  Table: GDP Growth Forecasts (Hungary 2015-2025)
  Table: Private Consumption Forecasts (Hungary 2014-2025)
  Table: Government Consumption Forecasts (Hungary 2014-2025)
  Table: Fixed Investment Forecasts (Hungary 2014-2025)
  Table: Net Exports Forecasts (Hungary 2014-2025)
Industry Risk Reward Index
Europe Petrochemicals Risk/Reward Index
  Table: European Petrochemicals Risk/Reward Index (scores out of 100)
Hungary Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
Magyar Olaj-és Gázipari (MOL)
Regional Overview
  Table: Northwest European Cracker Outages
  Table: Europe Polymer Plant Turnarounds
Global Industry Overview
Demographic Forecast
  Table: Population Headline Indicators (Hungary 1990-2025)
  Table: Key Population Ratios (Hungary 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Hungary 1990-2025)
  Table: Population By Age Group (Hungary 1990-2025)
  Table: Population By Age Group % (Hungary 1990-2025)
  Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Petrochemicals Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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