There is a worrying trend for Taiwanese petrochemicals producers to move investment in basic chemicals to mainland China and South East Asia. Unless Taiwan can diversify and specialise to add value to the olefins production it currently possesses, the industry is likely to fall behind and lose its competitive edge.
The Taiwanese petrochemicals industry's recovery in 2015 began to tail off as the industry was affected by the slowdown in China. In the first 10 months of 2015, the chemicals products index grew 0.4% y-o-y and rubber grew 0.6%, but plastic declined 3.7% with the sector reversing the gains it made in the previous year.
The trend reflected a 0.6% decline in manufacturing, caused by falling orders from mainland China as well as the effects of water restrictions for producers in response to the drought situation.
Table: Taiwan's Petrochemicals Sector ('000 tpa, unless otherwise stated)
Industry Risk Reward Ratings
Asia Petrochemicals Risk/Reward Index
Table: Asia Petrochemicals Risk/Reward Index Ranking
Taiwan Petrochemicals Risk/Reward Ratings
Table: Taiwan's Olefins Facilities
Table: Taiwan's Polyolefins Facilities
Table: Taiwan's Aromatics Facilities
Industry Trends And Developments
Formosa Plastics Group
Table: FPG financial results (TWDmn)
Chinese Petroleum Corporation
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A Rocky Surge in 2016
Global Industry Overview
Feedstock Differentials: Respite for Europe
2016 Feedstock Outlook
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Market Outlook: Chinese Downturn
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Table: Population Headline Indicators (Taiwan 1990-2025)
Table: Key Population Ratios (Taiwan 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Taiwan 1990-2025)
Table: Population By Age Group (Taiwan 1990-2025)
Table: Population By Age Group % (Taiwan 1990-2025)
Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators