Now Available: Brazil Petrochemicals Report Q1 2016
Recently published research from Business Monitor International, "Brazil Petrochemicals Report Q1 2016", is now available at Fast Market Research
[USPRwire, Sun Jan 24 2016] The Brazilian petrochemicals industry is faced with heightened risk amid exchange rate volatility and a slumping domestic market, on top of the worsening business environment which is seeing chemicals industry incentives withdraw, taxes hiked and input costs soar. While export growth helped limit the effects of a deteriorating domestic market in 2015, there is uncertainty over whether the sector will have sufficient access to competitively priced feedstock going forward , even as the recession is set to continue into 2016.
The petrochemicals market was affected by recessionary forces in 2015 with a negative performance across the polymer slate. According to the Brazilian Chemical Industry Association (Abiquim), domestic demand for resins fell 4.7% y-o-y in 9M15. Domestic sales fell by 1.5% y-o-y in the period, while imports showed a reduction of 12.9%. On the upside, production grew 3.9% y-o-y as a result of a 39.6% growth in exports. Exports were boosted by the weakness of the real, which is continuing to slide in value against the US dollar and is set to fall to BRL4.00/USD in the near term.
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Recovery of the Brazilian petrochemicals market is unlikely in 2015. This will weigh down potential growth in a broad range of petrochemicals productions, from polymers to synthetic rubbers. Growth in the automotive industry will remain lacklustre, while the construction sector continues to contract even in the year of the 2016 Olympics. Disappointing results in these end-market segments will drag down the performance of local plastics converters that serve these markets.
The Brazil Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's Brazil Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Brazilian petrochemicals industry.
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Brazilian petrochemicals market.
* Target business opportunities and risks in the Brazilian petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Brazil.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
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