Philippines Petrochemicals Report Q4 2012

  • ID: 2313646
  • November 2012
  • Region: Philippines
  • 53 pages
  • Business Monitor International
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  • BASF Philippines
  • Petron Corporation
  • MORE

BMI's Philippines petrochemicals report examines the ways in which local producers are responding to the challenges posed by the deteriorating external demand and the strengthening of the peso. It also analyses recent developments in olefins feedstock capacity and the implications for long-term industry growth.

In H112, the value of production index (VaPI) for plastic products was up 12.5% year-on-year (y-o-y),
while the volume of production index (VoPI) was up 7.7%. The VaPI and VoPI for total chemicals were up 1.0% and 2.0%, respectively. Chemical output growth rates are disappointing, although this follows a year when production surged 22.2%. Production is now reaching full capacity.

The Philippine economy expanded by 6.4% y-o-y in Q112, beating expectations thanks to strong services growth of 8.5% and an improving domestic outlook. Although external headwinds are expected to persist,
dragging on exports over coming quarters, we have revised our full-year 2012 private consumption growth outlook to 5.0% from 4.3%, bringing our full-year headline GDP forecast for 2012 to 4.2%. This should help sustain the local market, thereby ensuring that the domestic petrochemicals READ MORE >

Note: Product cover images may vary from those shown
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  • BASF Philippines
  • Petron Corporation
  • MORE

BMI Industry View 5

SWOT Analysis 6

Philippines Petrochemicals Industry SWOT 6

Philippines Political SWOT 7

Philippines Economic SWOT 8

Philippines Business Environment SWOT 9

Global Petrochemicals Overview 10

Petrochemicals Market Overview 10
Table: World Ethylene Production By Country, 2011 And 2016 (‘000 tonnes capacity) 10

Financial Results 14
Table: Financial Results – Major Petrochemicals Companies, 2011 14

Global Oil Products Price Outlook 15
Table: BMI Oil Price Forecasts, 2011-2016 15

Asia Petrochemicals Overview 22

Philippines Market Overview 27

Industry Trends And Developments 28

Upstream 28

Petrochemicals Risk/Reward Ratings 30
Table: Asia Pacific Petrochemicals Business Environment Ratings 30

Forecast Scenario 32

Petrochemicals Forecasts 32
Table: Philippines’ Petrochemicals Sector, 2009-2016 (‘000tpa, unless otherwise stated) 33

Macroeconomic Forecast 34
Table: Philippines – Economic Activity, 2011-2016 36

Company Monitor 37

BASF Philippines 37

JG Summit Petrochemicals Corp 38

Petron Corporation 40

Glossary of Terms 43
Table: Glossary Of Petrochemicals Terms 43

Demographic Outlook 44
Table: Philippines' Population By Age Group, 1990-2020 ('000) 45
Table: Philippines' Population By Age Group, 1990-2020 (% of total) 46
Table: Philippines' Key Population Ratios, 1990-2020 47
Table: Philippines' Rural And Urban Population, 1990-2020 47

BMI Methodology 48

How We Generate Our Industry Forecasts 48

Chemicals and Petrochemicals Industry 48

Cross Checks 49

Risk/Reward Ratings 50
Table: Petrochemicals Business Environment Indicators And Rationale 51

Weighting 51
Table: Weighting Of Indicators 52

Note: Product cover images may vary from those shown
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BASF Philippines
JG Summit Petrochemicals Corp
Petron Corporation

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown


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