Brazil Petrochemicals Report

Published 17 June 2015

Quarterly 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.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • 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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Brazil Petrochemicals Report
Product Price

BMI View: The Brazilian petrochemicals industry is stabilising on the back of growing exports, but the sluggish domestic market amid a recession holds little hope of lifting the industry. Currency depreciation has helped the industry sustain production rates with a small increase in capacity utilisation, but high costs of production and a poor investment environment are ongoing threats.

In the first seven months of 2015, the industry's domestic sales fell 3.7% y-o-y at a time when national apparent consumption declined by 4.1% y-o-y. In spite of a fall in domestic sales and consumption, production rose 1.6% y-o-y due to a 15.3% y-o-y increase in exports and a low base on comparison. Imports also declined 16.9% y-o-y.

Poor economic fundamentals, high production costs, construction delays and electricity shortages were behind Braskem's decision to withdraw from the Comperj project. This has been dealt a further blow by a corruption scandal that also touches on Braskem. As a result, growth in capacity is unlikely to be substantial.

Key Trends and Developments

  • Comperj is set to be one of the most expensive oil refineries ever built, but it is now too costly to halt the project. Although the work could be finished sooner if Petrobras can find a partner to help complete the refinery, lengthy delays, a corruption scandal engulfing the oil producer and Braskem's decision to abandon the petrochemicals aspect of the project are major disincentives for investors. Petrobras has also scaled back spending due to falling oil prices and the fallout from a corruption scandal pressured executives to try and cut its USD132bn of debt, the largest of any oil company in the world.

  • 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.

  • BMI forecasts a 13.6% decline in total vehicle output in 2015, a revision from the 11.9% forecast in the...

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BMI Industry View
Operational Risk
Industry Forecast
Table: Brazil Petrochemicals Sector - Historical Data And Forecasts, 2012-2019
Macroeconomic Forecasts
Economic Analysis
Table: GDP By Expenditure (Brazil 2012-2019)
Industry Risk/Reward Ratings
Americas Petrochemicals Risk/Reward Index
Worsening market risk in Latin America
Table: Americas Petrochemicals Risk/Rewards Ratings
Market Overview
Industry Trends And Developments
Petrobras Investment Programme
Foreign Ventures
Financial Results
Company Profile
Table: Braskem Financial Results - BRLmn
Petr-leo Brasileiro (Petrobras)
Regional Overview
Americas Overview
Table: Planned Cracker Projects
Table: Planned PE Projects In North America, 2014-2019
Global Industry Overview
Could US Gas Run out-
Project Curtailments
Medium-term Outlook
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-Year Forecasts
Table: Energy Price Forecasts (Global 2013-2018)
Table: Energy Price Forecasts (Global 2019-2024)
Demographic Forecast
Table: Population Headline Indicators (Brazil 1990-2025)
Table: Key Population Ratios (Brazil 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Brazil 1990-2025)
Table: Population By Age Group (Brazil 1990-2025)
Table: Population By Age Group % (Brazil 1990-2025)
Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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.

Key Benefits

  • 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).


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.


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.