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PET market to pull through the crisis easier than other markets

July 26/2009
MOSCOW (MRC) -- The PET-granulate market is still the biggest one in Europe. Market capacity is to move toward 600 kt by 2010, according to MRC.

Global producers of PET used in the food industry are quite optimistic. They assume that the world PET consumption will not drop in 2009 but contrariwise it is going to increase 1.5%. Experts state that notwithstanding the crisis consumers do not agree to drink less beer or soft drinks.
 
Before 2003, market needs in Russia had been met by imports. The market balance changed after the launch of plants in Tver and Solnechnogorsk. The long-expected production of granulate was launched in Blagoveshchensk in 2009. Now, Polyef has a complete terephthalic acid-PET chain. A new Russian PET producer is expectedly to start operations in Kaliningrad (200 kta). That is going to be the only plant in the world where granulate is produced in two stages in accordance with the MTR technology (Uhde Inventa Fischer).
Foreign PET producers deem Russia as the principal market for their interests. At the same time, they prefer to invest into granulate production right close to Russia. For example, Indorama and Neo Group (a member of Retal Group) chose Lithuania to produce PET-granulate.

Taking into account declared plans on expansion of production capacities, domestic PET output may exceed consumption 1.5 times by 2012. Very soon, domestic producers might have to export minimum 30% of produced granulate. That won’t be easy since in the most attractive in view of demand and logistics Ukrainian market, the current duty on PET is at the level of 1%, whereas it is 5% in Russia.

Source: MRC

For more details, see PET in Russia - 2009.

   



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