The Petrochemical Industry in Developing Asia: A Review of the Current Situation and Prospects for Development in the 1990sThe purpose of this report is to address the need for information on the petrochemical industry in Asia in view of the fast-evolving situation of the industry in the region and the growing involvement of the World Bank with operations and studies in a number of Asian countries. The report reviews the current trends of the industry with relevance for Asian-based producers and documents the substantial increases in activity and rates of growth of the sector in Asia. A substantial part of the analysis is dedicated to the assessment of competitive advantages in the production of petrochemicals by individual producers. The study also review the policy framework in all countries selected and compares the different economic instruments and other policy tools that have been used to develop their industries. The report concludes that prospects for future development of the industry in developing Asia are generally favorable. As a caveat, the optimistic outlook hinges on the prospects for continuous economic growth and the oil supply and pricing situation. To secure their competitive position and materialize the growth prospects, countries with a lower competitive posture must move to improve their economics of manufacture through feedstock diversification, vertical integration, restructuring increased exposure to competition and improved long-term planning. |
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Page 37
... trade patterns and the trade environment in the countries involved ; and ( e ) the size of the domestic markets for petrochemicals . Feedstock prices are a key factor of competitiveness in petrochemical production . For example ...
... trade patterns and the trade environment in the countries involved ; and ( e ) the size of the domestic markets for petrochemicals . Feedstock prices are a key factor of competitiveness in petrochemical production . For example ...
Page 43
... trade has developed alongside the progress in manufactured exports , and a track of progressive graduation that links Japan to the newly industrialized countries ( NICs ) , and the developing countries in Asia . Net trade in end user ...
... trade has developed alongside the progress in manufactured exports , and a track of progressive graduation that links Japan to the newly industrialized countries ( NICs ) , and the developing countries in Asia . Net trade in end user ...
Page 78
... Trade Policies Import Licensing Countries where most of the industry's clients are direct or indirect exporters tend to have liberal policies with respect to imports . Malaysia , Thailand and Korea no longer have licensing requirements ...
... Trade Policies Import Licensing Countries where most of the industry's clients are direct or indirect exporters tend to have liberal policies with respect to imports . Malaysia , Thailand and Korea no longer have licensing requirements ...
Common terms and phrases
aromatics Asia Asian Asian producers ASTIF basic petrochemicals Benzene Butadiene capital costs CHEMICAL China CHINA THAILAND MALAYSIA competitive crackers demand derivatives domestic market downstream products economic environmental EPRS ERSITY ethane/propane ethylene production expected feedstock Forecast gas fractions Gulf HDPE imports incentives increase India India China Thailand Indonesia installation factors integration investment investors Japan KOREA INDIA CHINA LDPE levels Malaysia and Indonesia manufacturing merchant ethylene Methanol million tons NAGOTHANE naphtha based naphtha prices natural gas olefins operation opportunity cost opportunity value ownership p-xylene P.O. Box petrochemical industry petrochemical products PETROCHEMICALS 000 MT planning plants plastics Polyester polypropylene potential production capacity production costs projects Propylene raw materials refineries region relatively requirements SAN DIEGO Sinopec situation Source Staff estimates styrene summarized in Table synthetic fibers synthetic resins synthetic rubber Taiwan tariff Thailand THAILAND MALAYSIA INDONESIA trade Ulsan YEOCHON