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France Petrochemicals Report Q3 2014

 

Naperville, IL -- (ReleaseWire) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of France Petrochemicals Report Q3 2014 market report to its offering
Over the medium term, there will be little to stimulate the French petrochemicals market, according to
BMI's latest France Petrochemicals Report. Construction growth will remain anaemic, which should
provide stability in the vinyls chain if not recovery, although France will not contribute much to overall
European consumption growth. Meanwhile, automotive sector output will remain lacklustre with slow
levels of growth; it is unlikely to return the sector to pre-recession levels as the industry experiences
structural change. As such, its contribution to plastics consumption growth will diminish with a knock-on
effect for producers of engineering plastics.
In 2013, output of basic chemicals, fertilisers, plastics and synthetic rubber in primary forms declined by
1.7% year-on-year (y-o-y), compared to a decline of 4.5% in the previous year, according to data from the
French National Institute of Statistics. However, in Q114, output was up 3.5% y-o-y and 9.1% quarter-onquarter
(q-o-q) as export volumes picked up. We remain sceptical that any major improvements in French
exports will prove sustainable, given obstructive bureaucracy, high labour costs and the inflexible labour
market that lies at the heart of ongoing competitiveness issues. Furthermore, euro resilience remains a
considerable downside risk to French exports, which are particularly sensitive to a strong currency. While
improving regional growth dynamics appear to be driving the French economy into positive growth
territory, the lack of reform efforts undertaken so far imply that the economy will struggle to regain export
competitiveness in the foreseeable future.

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http://www.reportstack.com/product/157219/france-petrochemicals-report-q3-2014.html
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