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Turkey: Plastics industry on the road to recovery

It looks as if 2010 may hold more promise for Turkey’s petrochemical industry. Aided by the strength of the euro against the local currency, Turkish producers were highly competitive in 2009, and the trend is likely to continue this year, Companies and Markets (London / UK; www.companiesandmarkets.com) predicts in its latest report.

The UK research group expects Turkey’s GDP to grow at 3.4% in 2010. From 2011-2013, it forecasts average GDP growth levels of 4.7%. The plastics processing industry is thought likely to follow this trend. From 5.6m t/y polymer demand in 2008 and an estimated 6.5m t/y in 2009, plastics consumption is predicted to rise to 13m t/y by 2014.

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