Philippines Petrochemicals Report

Published 12 March 2015

  • 70 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Petrochemicals Report

Table of Contents

BMI Industry View
7
SWOT
8
Political
9
Economic
10
Business Environment
11
Industry Forecast
12
Table: Philippines Petrochemicals, 2012-2018
15
Macroeconomic Forecasts
16
Economic Analysis
16
Remittances To Remain Supportive Of Private Consumption Growth
17
Modest Export Rebound On The Cards
18
Investment To Recover Amid Rising Business Confidence
19
Rebuilding Efforts To Spur Government Spending
20
Risks To Outlook
20
Table: Economic Activity (Philippines 2009-2018)
20
Industry Risk/Reward Ratings
21
Philippines Petrochemicals Risk/Reward Ratings
21
Market Overview
22
Industry Trends And Developments
23
Upstream
23
Company Profile
26
JG Summit Petrochemicals Corp
26
Table: JG Summit Financial Results, PHPmn
27
Petron Corporation
29
Table: Petron Financial Results, PHPmn
31
Regional Overview
32
Asia Overview
32
Political and regulatory risks
32
Preparing For Another Capacity Surge
34
Rapid Growth In South East Asia
36
Global Industry Overview
38
Polymers Markets
40
Polymers Capacities
41
Table: Top 10 Ethylene Producers, 2013
42
Latin America: The Main Loser In US Expansion Drive
42
Asia: New Growth Markets Fuel Global Demand
43
Challenges For The Arabian Gulf
44
Russia And CIS: Coming To The Fore
44
Gasoline: Crude Supporting Price
47
Table: BMI Gasoline Price Forecast (USD/bbl)
47
Political Risk Sends Prices Soaring
47
Upward Price Revision
49
Europe And The US:
49
Singapore: Strong Upside For Q314
51
Risks To Outlook
52
Diesel/Gasoil: Short-Term Overhang To Dissipate
53
Table: BMI Diesel/Gasoil Price Forecast, 2014-2018 (USD/bbl)
53
Supply Keeps Market Down
53
Higher Crude Prices, Tighter Market To Provide Support
55
Long-Term Outlook: Diesel To Find Demand Support
56
Risks To Outlook
59
Jet Fuel: Relative Short-Term Stability With Long-Term Risks
60
Table: BMI Jet Fuel Price Forecast, 2014-2018
60
Longer Term Dynamics: Consolidation Poses Risk
65
Risks To Outlook
66
Bunker Fuel: No End To Downtrend
67
Table: BMI Bunker Fuel Price Forecast, 2014-2018 (USD/bbl)
67
Slower Fall, But Fall Nonetheless
69
Longer Term Trends Continue To Press HSFO
73
Risks To Outlook
74
Demographic Forecast
76
Demographic Outlook
76
Table: The Philippines' Population By Age Group, 1990-2020 ('000)
77
Table: The Philippines' Population By Age Group, 1990-2020 (% of total)
78
Table: The Philippines' Key Population Ratios, 1990-2020
79
Table: The Philippines' Rural And Urban Population, 1990-2020
79
Glossary
80
Table: Glossary Of Petrochemicals Terms
80
Methodology
81
Industry Forecast Methodology
81
Risk/Reward Ratings Methodology
83
Table: Petrochemicals Risk/Reward Rating Indicators
84
Table: Weighting Of Indicators
85

The Philippines 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 Philippines Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine 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 Philippine petrochemicals market.
  • Target business opportunities and risks in the Philippine petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
  • 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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc