Corrected: Turkey PVC demand to grow by 10% in 2012 – Say Polymers

09 March 2012 12:08  [Source: ICIS news]

Correction: In the ICIS story headlined "Turkey PVC demand to grow by 10% in 2012 – Say Polymers" dated 9 March 2012, please read in the first paragraph ...Demand for polyvinyl chloride (PVC) in Turkey is forecast to grow by 10% in 2012... instead of ...Demand for polyvinyl chloride (PVC) in Turkey is forecast to grow by 4% in 2012.... A corrected story follows. 

BANGKOK (ICIS)--Demand for polyvinyl chloride (PVC) in Turkey is forecast to grow by 10% in 2012 to more than 1m tonnes, an executive from Turkish plastic raw material traders Say Polymers said on Friday.

“Average growth in the last 10 years is around 10% and if we consider the same average growth for the next four years, demand will increase from 961,000 tonnes in 2011 to 1.06m tonnes in 2012,” said Ali Murat Ayar, Say Polymers’ managing director.

Ayar was speaking at the 6th International Chlor-Alkali and Vinyls conference in Bangkok, Thailand.

At about 65kg/head per year, polymer consumption in Turkey may be above the world average, but it is still below the western European average of 74kg/head for 2011, so there is still scope for growth, according to Ayar.

Turkish polymer consumption totalled 4.9m tonnes in 2011 for the five major resins.

The market share for polypropylene (PP) was 33%, while that for polyethylene (PE) was 31% and that for PVC was 20%. Polystyrene (PS) and polyethylene terephthalate (PET) each have shares of 8%, Ayar said.

Domestic production is limited and imports account for more than 80% of commodity consumption, he said.

Petrochemical firm Petkim is the only PVC producer in Turkey, with a 150,000 tonne/year capacity.

Turkey imported 812,000 tonnes of PVC in 2011, an increase of 87,000 tonnes from 2010, said Ayar.

Packaging, pipe and profiles dominate production. Plastic end-product exports totalled 1.07m tonnes in 2010 and were worth $3.01bn (€2.26bn), he added.

“As the most important player in its region, the Turkish plastics industry sees itself well positioned at the geographical crossroads between the large petrochemical investors to the east and the large consumer markets to the west,” said Ayar.

The 6th International Chlor-Alkali and Vinyls conference runs from 8-9 March.

($1 = €0.75)

By: Feliana Widjaja

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