15 May 2012 13:10 [Source: ICIS news]
Correction: In the story headlined "PP demand in Turkey to rise to 2m tonnes/year in 2014" dated 16 May 2012, please read in the second paragraph ...A high volume of exported cars last year led to increased demand for PP and that is set to continue... instead of ...“Turkey exported 20 million cars last year, leading to increased demand for PP that is set to continue”...A corrected story follows.
BRUSSELS (ICIS)--Automotive sector growth is set to push polypropylene (PP) consumption in Turkey up from 1.62m tonnes last year to an estimated 2.19m tonnes/year in 2014, Faruk Erkoc, chairman of Penta Petrokimya, said on Tuesday.
A high volume of exported cars last year led to increased demand for PP and that is set to continue, he told the polymer industry at the ICIS World Polyolefins Conference.
PP imports grew to 1.48m tonnes in 2011, while local production was a mere 144,000 tonnes.
Polymer consumption in Turkey totalled 4.8m tonnes last year, with imports comprising 4.1m tonnes and local production contributing 700,000 tonnes.
Polyethylene (PE) demand is set to grow from 1.53m tonnes in 2011 to an estimated 1.86m tonnes by 2014, Erkoc said.
In low density polyethylene (LDPE), local producer Petkim is a sizeable contributor. Despite the local production of LDPE, in 2014 imports and local production would be on a par, at about 300,000 tonnes/year each, because of rapid demand growth, said Erkoc.
High density polyethylene (HDPE) imports – the most sizeable imported PE grade because of minimal local production – are set to grow to 770,000 tonnes/year in 2014, he said.
“China is buying in big numbers. But it is a highly regulated economy, so there are not many imports when they decide to stop. So you need alternatives to China,” Erkoc said.
Saudi Arabia is the leading polymer importer to Turkey, with Germany and Belgium close behind.
The ban on Iranian product elsewhere has resulted in more polyolefin supply from Iran to Turkey. But logistics are a concern because most of the production is in the south of Iran.
PP is extensively used in manufacturing automotive parts. PE is used in packaging and construction industries.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections