In this section, you will find a review of the market situation for ethylene, propylene and benzene, as well as an analysis of the competitiveness of the European petrochemicals industry.

INTRODUCTION

ETHYLENE PRODUCTION, CONSUMPTION AND TRADE BALANCE

The performances of Turkey in terms of capacity, production and consumption have been included since January 2015 in addition to EU 15 and Norway.
The European crackers operated at 85,5 % of nameplate capacity.

 

 

 

 

Propylene consumption, production and trade balance

The performances of Turkey in terms of capacity, production and consumption have been included since January 2015 in addition to EU 15 and Norway.
The steam crackers propylene/ethylene production ratio was 0.518, at almost at the same level than 2014 (0.523).

 

 

 

 

 

 

Benzene consumption, production and trade balance

In 2015, Western European benzene consumption (7,656 Kt/y) decreased by 122 Kt versus 2014, whilst production decreased by 2.4 %
Pyrolisis gasoline remains the first source of supply with 54.3 % of the total, reformatted-based production represents 28.7% and on-purpose and coal-based production represent 17 %.
In 2014 the overall production reached 68 % of the nameplate capacity.
In 2014 imports (1,071 Kt) from outside Europe increased by 16 % compared to 2013, whilst exports to outside Western Europe were almost stable with 190 Kt/y.

 

 

 

 

 

Conclusions

The European trade balances for ethylene, propylene and benzene and derivatives are shown in the following graph.  The overall performance for benzene and derivatives was stable in 2015, whilst consumption of ethylene and derivatives and propylene and derivatives has been higher than production.