Hungary Petrochemicals Report Q1 2013

  • ID: 2313636
  • November 2012
  • Region: Hungary
  • 54 pages
  • Business Monitor International
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BMI’s Hungary Petrochemicals report examines planned investment in the country’s intermediate chemicals products, which will feed into the manufacturing chain serving the automotive sector.

However, the report warns that the industry will not escape recession and the fallout from the eurozone crisis, which will adversely impact the domestic export-oriented industries that remain the key consumers of Hungarian petrochemicals output.

Hungarian petrochemicals producer MOL reported a sharp drop in petrochemicals output through H112,
indicating that it has been badly hit by the downturn in EU demand, particularly at its domestic operations. MOL planned to boost toluene diisocyanate (TDI) output from 80,000 tonnes per annum (tpa)
to 260,000tpa, and methylene diphenyl diisocyanate (MDI) throughput from 140,000tpa to 360,000tpa by end-2012. This follows BorsodChem’s opening of a new 160,000tpa TDI plant in October 2011 and the commencement in mid-2011 of the expansion of its MDI plant from 90,000tpa to 240,000tpa. MOL is also investing HUF30bn (US$137mn) in a new butadiene plant which will help secure feedstock supplies for synthetic rubber production.


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BMI Industry View 5

SWOT Analysis 7

Hungarian Petrochemicals Sector SWOT 7

Hungary Political SWOT 7

Hungary Economic SWOT 8

Hungary Business Environment SWOT 9

Global Petrochemicals Overview 10

Global Oil Products Price Outlook 14
Table: BMI's Refined Products Forecasts , 2010-2016 15
Table: Middle East Outperforms In Terms of Passenger Growth 19

Europe Petrochemicals Overview 24

Hungary Market Overview 28

Industry Trends And Developments 29

Upstream Developments 29

Developments 29

MOL’s Strategy 30

Petrochemicals Risk/Reward Ratings 31

Central and Eastern European Regional Power Risk/Reward Ratings 31
Table: Central and Eastern European Petrochemicals Risk/Reward Ratings (Scores Out Of 100) 33

Hungary Petrochemicals Risk/Reward Ratings 33

Industry Forecast Scenario 34
Table: Hungary’s Petrochemical Industry, 2010-2017 (‘000tpa, unless otherwise stated) 34

Macroeconomic Outlook 36
Table: Hungary – Economic Activity, 2011-2016 38

Company Profiles 39

BorsodChem (BC) 39

Magyar Olaj-és Gázipari (MOL) 41

Tiszai Vegyi Kombinat (TVK) 44

Country Snapshot 45
Table: Hungary's Population By Age Group, 1990-2020 ('000) 46
Table: Hungary's Population By Age Group, 1990-2020 (% of total) 47
Table: Hungary's Key Population Ratios, 1990-2020 48
Table: Hungary's Rural And Urban Population, 1990-2020 48

Glossary Of Terms 49
Table: Glossary Of Petrochemicals Terms 49

BMI Methodology 50

How We Generate Our Industry Forecasts 50

Chemicals And Petrochemicals Industry 50

Cross Checks 51

Risk/Reward Ratings 52
Table: Petrochemicals Business Environment Indicators And Rationale 52

Weighting 53
Table: Weighting Of Indicators 53

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BorsodChem (BC)
Magyar Olaj-és Gázipari (MOL)
Tiszai Vegyi Kombinat (TVK)

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