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India is expected to outweigh China over the next ten years in terms of polyethylene demand growth. India will
see around 10% year on year versus Chinas 6% this could even be as low as 4% if economic factors worsen.
A DECLINE IN
IMPORTS TO
CHINA
Economic uncertainty
is continuing to
cause problems
30
-10
2015
2017
2019
12
12
9
71
2019
2021
2023
2025
5
India
Africa
Source: Platts
10
15
20
19
4
6%
14
25
30
35
40
PE consumption kg/capita (2014)
Asia
China
Middle East
Japan
USA
Asia (excl. China and India)
Europe
C. and S. America
WHY INDIA?
Source: Platts
4%
THE MIDDLE
EAST IS ASIAS
DOMINANT SUPPLIER
PE surplus/deficit
PP surplus/deficit
30
20
12
10
8
19
37
14
2
0
5
India
Africa
10
15
16
3
2013
2015
2017
2019
2021
2023
2025
Source: Platts
MIDDLE
EAST
11
20
25
30
35
PE consumption kg/capita (2014)
Asia
China
Middle East
USA
Japan
Asia (excl. China and India)
Europe
C. and S. America
Source: Platts
10
0
Could Middle
Eastern producers
start exporting
to India?
10%
2017
2025
47
22
2015
2023
2013
2021
PE surplus/deficit
PP surplus/deficit
2013
Source: Platts
20
-20
HAS HUGE
POTENTIAL
40
Investment in
coal-to-chemicals will
lead to more domestic
supply and reduce import
requirements further
PP surplus/deficit
PE surplus/deficit
10
20
INDIA
India
65%
8kg
6%
71
mmt
China
Bullish
China
Bearish