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Taiwan Petrochemicals Report 2013 - Product Image

Taiwan Petrochemicals Report 2013

  • Published: November 2012
  • Region: Taiwan
  • 57 pages
  • Business Monitor International

FEATURED COMPANIES

  • BASF Taiwan
  • Company Profile
  • Formosa Plastics Group
  • MORE

BMI’s Taiwan Petrochemicals Report examines the challenges facing the country’s petrochemicals industry, which possesses ageing plants that are frequently prone to outages and where opposition against expansion has grown. BMI analyses the threat of potential market saturation in mainland China on industry growth over the medium-term.

BMI estimates that in 2012 chemicals and rubber production declined by over 3% y-o-y while plastics production growth stagnated. The trend is likely to worsen going into 2013 as the Chinese market – the principal destination for Taiwanese petrochemicals exports – exhibits slowing consumption of polymers.

Yet, even in the advent of increased external demand, production growth may prove elusive. The Kuokuang project would have provided 1.2mn tonnes per annum (tpa) ethylene fed by a 300,000 barrel per day (b/d) refinery, thereby resolving ethylene shortages forecast for 2015 when the 500,000tpa No.5 naphtha cracker in Greater Kaohsiung’s Nanzih District is closed down; however, the project has been turned down for environmental reasons. Formosa Petrochemicals’ plans to increase ethylene capacity at Mailiao READ MORE >

Executive Summary 5

SWOT Analysis 6

Taiwan Petrochemicals Industry SWOT 6

Taiwan Political SWOT 6

Taiwan Economic SWOT 7

Taiwan Business Environment SWOT 8

Global Petrochemicals Overview 9

Global Oil Products Price Outlook 13
Table: BMI's Refined Products Forecasts, 2010-2016 14
Table: Middle East Outperforms In Terms of Passenger Growth 18

Emerging Asia Petrochemicals Overview 23

Taiwan Market Overview 27
Table: Taiwan’s Olefins Facilities 28
Table: Taiwan’s Polyolefins Facilities 29
Table: Taiwan’s Aromatics Facilities 30

Industry Trends And Developments 31

Asia Petrochemicals Risk/Reward Ratings 33
Table: Asia Petrochemicals Business Environment Ratings 35

Taiwan 35

Industry Forecast Scenario 36
Table: Taiwan’s Petrochemicals Sector, 2010-2017, (‘000 tpa, unless otherwise stated) 38

Macroeconomic Outlook 40
Table: Taiwan – Economic Activity, 2011-2016 42

Company Profile 43

Formosa Plastics Group 43
Table: 2011 Financial Highlights of Formosa Plastics Group (US$’000) 46

Chinese Petroleum Corporation (CPC) 47
Table: CPC’s long-term investments, 2011 and 2010 (TWD bn) 50

BASF Taiwan 51

Glossary Of Terms 52
Table: Glossary Of Petrochemicals Terms 52

Methodology 53

How We Generate Our Industry Forecasts 53

Chemicals And Petrochemicals Industry 53

Cross Checks 54

Business Environment Ratings 55
Table: Petrochemicals Business Environment Indicators And Rationale 55

Weighting 56
Table: Weighting Of Indicators 56

Company Profile
Formosa Plastics Group
Chinese Petroleum Corporation (CPC)
BASF Taiwan

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