Azerbaijan Petrochemicals Report

Providing expert analysis, independent forecasts and competitive intelligence on the petrochemicals.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

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  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Azerbaijan Petrochemicals Report
Product Price
$1,295.00

BMI View: The delay in starting the SOCAR Polimer polypropylene and polyethylene plants from H216 to 2018 highlights the problems with project delays in Azerbaijan. SOCAR has also delayed its Oil and Gas Processing and Petrochemical Complex. The country is struggling to develop downstream industries that add value to its considerable energy resour ces. The manat's depreciation, a collapse in oil prices and high costs of external financing due to Azerbaijan's junk credit rating have combined to undermine the se plans.

The country has been burdened with ageing plants, and its downstream is vastly underperforming. Utilisation rates for the country's refineries have averaged around 30%. SOCAR has ambitions to significantly improve utilisation, refining increased volumes of Azeri crude domestically. However, a key problem has been the lack of demand. More than half of Azerbaijan's refined fuels are consumed internally and domestic consumption growth has been slow. Export markets also remain limited, due to the low quality of Azeri fuels.

  • Azerbaijan is aiming to raise its fertiliser exports to 1mn tonnes per annum (tpa). A fertiliser project is planned in Karadagh with capacities of 255,000tpa ammonia and 500,000tpa urea. Construction was due for completion by end-2016. However, a dearth of progress reports in recent quarters has prompted us to remove the projects from our forecasts.

  • The SOCAR Polimer PP plant with 200,000tpa capacity, planned for the Sumgayit Chemical Technology Park in Azerbaijan, is scheduled to start production in 2018. A 100,000tpa polyethylene plant is also likely to come onstream at the same time.

  • Azerbaijan's Petrochemicals Risk/Reward Index score remains unchanged at 31.7 this quarter, following a sharp decline in the previous quarter as a result of the postponement of planned petrochemicals capacity, as well as the downgrading of market risk scores as a result of a deteriorating investment environment for petrochemicals. It is 3.8 points behind Ukraine in our ranking.

BMI Industry View
5
SWOT
6
Industry Forecast
8
Table: Azerbaijan Petrochemical Sector - Historical Data & Forecasts, 2012-2020
9
Macroeconomic Forecasts
11
Economic Analysis
11
Industry Risk/Reward Index
17
Europe Petrochemicals Risk/Reward Index
17
Table: European Petrochemicals Risk/Reward Index (scores out of 100)
23
Azerbaijan Petrochemicals Risk/Reward Index
24
Market Overview
25
Industry Trends And Developments
27
Upstream
29
Company Profile
32
State Oil Company Of Azerbaijan (SOCAR)
32
Regional Overview
35
Europe Overview
35
Global Industry Overview
46
Demographic Forecast
53
Table: Population Headline Indicators (Azerbaijan 1990-2025)
54
Table: Key Population Ratios (Azerbaijan 1990-2025)
54
Table: Urban/Rural Population & Life Expectancy (Azerbaijan 1990-2025)
55
Table: Population By Age Group (Azerbaijan 1990-2025)
55
Table: Population By Age Group % (Azerbaijan 1990-2025)
56
Glossary
58
Table: Glossary Of Petrochemicals Terms
58
Methodology
59
Industry Forecast Methodology
59
Risk/Reward Index Methodology
61
Table: Petrochemicals Risk/Reward Index Indicators
62
Table: Weighting Of Indicators
63

The Azerbaijan 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 Azerbaijan Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Azerbaijani petrochemicals industry.

Key Benefits

  • Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Azerbaijani petrochemicals market.
  • Target business opportunities and risks in the Azerbaijani petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Azerbaijan.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering the petrochemicals markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the petrochemicals sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:

  • Energy: Oil production (‘000 b/d), oil consumption (‘000 b/d), net oil exports (‘000 b/d), gas production (bcm), gas consumption (bcm), net gas exports (bcm), oil refinery capacity (‘000 b/d).
  • Petrochemicals: Ethylene capacity (‘000 tpa), ethylene production (‘000 tpa), ethylene consumption (‘000 tpa), polyethylene capacity (‘000 tpa), polypropylene capacity (‘000 tpa), polyvinyl chloride capacity (‘000 tpa), polyolefins consumption (‘000 tpa).
  • Oil Products Prices: Price forecasts for all major oil-based products (USD/bbl) at major global energy trading hubs.
  • Economic: Nominal GDP (USDbn), real GDP growth (%), GDP per capita (USD), population (mn), unemployment (%), exchange rate (against USD).

BMI’s Petrochemicals Risk Reward Index

BMI’s Risk Reward Indices provide investors (both corporate and financial) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Industry Trends & Developments

Evaluation of company and sector-wide developments, including key projects (as well as expansion plans), latest company financial details and proposed international ventures.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Global & Regional Market Overview

Analysis of the key trends driving the global industry, including worldwide output/capacity and demand analysis across ethylene, polyethylene, polyvinyl chloride, polystyrene, polyethylene terephthalate and polypropylene. The regional analysis looks at the implications of local and global trends on specific company activity.

Sub-sectors covered by the Petrochemicals Reports include:

Oil & Gas, Oil Refining, Olefins (ethylene, propylene), Polyolefins (polyethylene, polypropylene), Polyvinyl Chloride, Polystyrene

Please note – not all country Reports cover all sub-sectors – see website for details.

Sources

The Petrochemicals Market Reports are based on a network of primary sources, such as multilateral organisations (ACC, APLA, Cefi c, ICCA, ICMA), national chambers of commerce and industry, national statistical offi ces, government ministries and central banks, and multinational companies.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.