Philippines Petrochemicals Report Q1 2013

  • ID: 2372983
  • January 2013
  • Region: Philippines
  • 58 pages
  • Business Monitor International


  • BASF Philippines
  • Company Monitor
  • Petron Corporation
  • MORE

BMI's Philippines petrochemicals report assesses the trends in the local market and their impact on imports. It also examines recent developments in olefins feedstock capacity and the implications for longterm industry growth.

BMI estimates that the value of chemicals production increased just 0.5% in 2012, while the value of plastics production surged 11%. However, the value of rubber production plunged 7.4%. Chemicals output was up 0.6%, plastics was up 7.0% and rubber was up 5.5%. Chemicals output performance was worse than the 1.0% growth BMI anticipated. A downturn in external markets coupled with a strong peso militated against growth in domestic chemicals production, although the plastics sector was able to buck the trend.

One of the key consumers of petrochemicals products is the automotive industry, but this sector is gradually losing out owing to rising production costs, more competitive regional rivals and the relatively small size of the domestic market, all of which could prompt existing carmakers to shutter their Philippines-based production units. This could hit the Philippines' consumption of engineering plastics and rubber, although polyvinyl chloride READ MORE >

Note: Product cover images may vary from those shown


  • BASF Philippines
  • Company Monitor
  • Petron Corporation
  • MORE

Executive Summary 5

SWOT Analysis 7

Philippines Petrochemicals Industry SWOT 7

Philippines Political SWOT 7

Philippines Economic SWOT 8

Philippines 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

Emerging Asia Petrochemicals Overview 24

Philippines Market Overview 28

Industry Trends And Developments 29

Upstream 29

Petrochemicals Risk/Reward Ratings 31

Asia Petrochemicals Risk/Reward Ratings 31
Table: Asia Petrochemicals Business Environment Ratings 33

Philippines Petrochemicals Risk/Reward Ratings 33

Forecast Scenario 35

Petrochemicals Forecasts 35
Table: Philippines' Petrochemicals Sector, 2010-2017 ('000tpa, unless otherwise stated), 2010-2017 37

Macroeconomic Forecast 38
Table: Philippines - Economic Activity, 2011-2016 41

Company Monitor 42

BASF Philippines 42

JG Summit Petrochemicals Corp 43

Petron Corporation 45

Glossary of Terms 48
Table: Glossary Of Petrochemicals Terms 48

Country Snapshot 49
Table: Philippines' Population By Age Group, 1990-2020 ('000) 50
Table: Philippines' Population By Age Group, 1990-2020 (% of total) 51
Table: Philippines' Key Population Ratios, 1990-2020 52
Table: Philippines' Rural And Urban Population, 1990-2020 52

BMI Methodology 53

How We Generate Our Industry Forecasts 53

Chemicals and Petrochemicals Industry 53

Cross Checks 54

Risk/Reward Ratings 55
Table: Petrochemicals Business Environment Indicators And Rationale 56

Weighting 56
Table: Weighting Of Indicators 57

Note: Product cover images may vary from those shown

Company Monitor
BASF Philippines
JG Summit Petrochemicals Corp
Petron Corporation

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


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