08 April 2011 15:37 [Source: ICIS news]
MUMBAI, India (ICIS)--Turkey is the third-largest net importer of polyvinyl chloride (PVC) in the world and demand in the country is expected to surpass 1m tonnes this year, an executive from Turkey-based petrochemical, fertilizer, and oil and derivatives supplier Bayegan said on Friday.
“Consumption of PVC in Turkey was 878,000 tonnes in 2010, with imports amounting to 725,000 tonnes," said Bayegan vice president Ruya Bayegan.
She was speaking at this year’s Vinyl India conference in Mumbai, India.
Turkey produced 153,000 tonnes of PVC in 2010, and this figure is likely to stay stagnant as there is no new capacity investment in the country in the near term, Bayegan added.
“PVC accounts for 16% of the total polymer market in Turkey, which stood at 5.5m tonnes in 2010,” she said.
“The biggest application for PVC in Turkey was for the manufacture of profiles and tubes, which account for 39% of demand," said Bayegan.
The second-largest use was in the production of pipes and fittings, at 30%, while cables and wires, sheets and films, coatings, bottles, floorings and others made up the rest of the applications, she added.
Turkey is the 16th-largest economy in the world, and had an average annual real GDP growth rate of 4.3% between 2002 and 2009, she said.
The booming construction industry and the variety of applications PVC can be used in will contribute to an overall positive outlook for PVC growth in Turkey, Bayegan added.
The two-day Vinyl India 2011 conference ends on 8 April.
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