Whither Demand? - Growth In Prospect

Size: px
Start display at page:

Download "Whither Demand? - Growth In Prospect"

Transcription

1 Whither Demand? - Growth In Prospect Tecnon OrbiChem Marketing Seminar at APIC 2015 Seoul, 7 May 2015 Roger Lee

2 WORLD GDP GROWTH % AAGR Actual Forecast 2008 Current Forecast Source: World Bank & Probe Economics

3 WORLD GDP GROWTH (Billion Constant 2000 Dollars) 60.0 Actual Forecast Current Forecast Source: World Bank & Probe Economics

4 WORLD GDP GROWTH BY REGION (Billion Constant 2005 Dollars) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, Source: World Bank & Probe Economics

5 WORLD GDP GROWTH BY REGION (Billion Constant 2005 Dollars) 6,000 World 4,000 2, , Source: World Bank & Probe Economics

6 WORLD PETROCHEMICAL CONSUMPTION vs GDP & Consumption (Million Tons) Phthalic Anhydride Orthoxylene Acrylic Acid Adipic Acid Adiponitrile Maleic Anhydride GDP (Billion 2000 $)

7 WORLD PETROCHEMICAL CONSUMPTION vs GDP & Consumption (Million Tons) VCM PTA Paraxylene MEG Acetic Acid Caprolactam GDP (Billion 2000 $)

8 WORLD PHTHALIC ANHYDRIDE CONSUMPTION Million Tons Forecast

9 WORLD ADIPIC ACID CONSUMPTION Million Tons Forecast

10 WORLD ACRYLIC ACID CONSUMPTION Million Tons Forecast

11 WORLD MALEIC ANHYDRIDE CONSUMPTION Million Tons Forecast

12 WORLD VCM CONSUMPTION Million Tons Forecast

13 WORLD PARAXYLENE CONSUMPTION Million Tons Forecast

14 WORLD MONOETHYLENE GLYCOL CONSUMPTION Million Tons Forecast

15 WORLD CAPROLACTAM CONSUMPTION Million Tons Forecast

16 WORLD ACETIC ACID CONSUMPTION Million Tons Forecast

17 GDP vs CONSUMPTION GROWTH SHARE VCM MEG Paraxylene Acetic Acid Acrylic Acid Phthalic Anhydride Caprolactam Adipic Acid Maleic Anhydride GDP N & S America 35% 13% 19% -6% -1% 20% 6% 4% 3% 15% Europe 29% 5% 30% 6% -10% 18% 12% 3% 5% 12% 8% 10% 3% -2% 12% 4% 2% 3% 3% 1% 9% 5% 5% 5% 15% 8% 16% 26% 18% 13% 7% 5% 8% 32% 0% 14% 17% 23% 3% 5% 12% 62% 36% 65% 85% 36% 47% 41% 68% 54% Asia 29% 71% 49% 102% 99% 58% 80% 90% 88% 72% World 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Source: World Bank, Probe Economics & Tecnon OrbiChem

18 GDP vs CONSUMPTION GROWTH SHARE VCM MEG Paraxylene Acetic Acid Acrylic Acid Phthalic Anhydride Caprolactam Adipic Acid Maleic Anhydride GDP N & S America 27% 10% -402% -12% -12% 9% 7% 4% 6% 12% Europe 4% -1% -196% 18% -32% 1% -11% 7% 4% -8% 11% 7% 15% 0% 13% 9% 9% 1% 8% 9% 19% 6% 66% 3% 29% 9% 18% 4% 13% 4% 6% -14% 72% -5% -38% 20% 2% -24% 1% 0% 32% 93% 545% 96% 141% 52% 74% 108% 68% 83% Asia 57% 84% 683% 94% 132% 81% 94% 88% 83% 87% World 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Source: World Bank, Probe Economics & Tecnon OrbiChem

19 CONCLUSIONS GDP growth stalled for 3 years as a result of the 2008 financial crisis. World GDP growth is still at least 0.5% below that forecast in early Two thirds of global GDP growth since 2008 has been in the world outside the Americas and Europe, compared with one third beforehand. Following the hiatus, many petrochemicals have resumed growth at or above previous GDP multipliers, but some have not. For the products considered here, over 80% of consumption growth since 2008 has been in Asia. For some products the proportion is much higher. Europe has suffered most, contributing only 4% to global GDP and recording losses in most categories of consumption growth since With entering a New Normal period of lower growth, Europe struggling to recover and crude oil price uncertainty putting a damper on investment, it is difficult to see a return to pre-crisis spending levels occurring any time soon.

20 ..your source of expert chemical industry knowledge

Polyamide Intermediates World Market Overview

Polyamide Intermediates World Market Overview Polyamide Intermediates World Market Overview Synthetic Fibres Raw Materials Committee Meeting at APIC 2015 Seoul, 8 May 2015 (Emma) Liu Xiang WORLD CAPROLACTAM CAPABILITY versus DEMAND 1,000 Metric Tons

More information

Polyamide & Intermediates Markets

Polyamide & Intermediates Markets Polyamide & Intermediates Markets Synthetic Fibres Raw Materials Committee Meeting at APIC 2013 Taipei, 10 May 2013 (Grace) Shen Hong AGENDA Polyamide 6 Intermediates World Caprolactam Supply and Demand

More information

Alaska s Natural Resource Commodities: A 10-Year Outlook

Alaska s Natural Resource Commodities: A 10-Year Outlook Alaska Resources Development Council November 14-15, 2018 Alaska s Natural Resource Commodities: A 10-Year Outlook David R. Hammond, Ph.D. Principal Mineral Economist Hammond International Group Commodities

More information

Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009

Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009 Economic Outlook and Ports Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009 The Outlook for Trade Depends on Goods Demand Integrated international supply-chains offer efficiencies

More information

The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies

The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers

More information

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE PCI Xylenes & Polyester Doug Rightler Discussion Points» MEG demand growth by region.» MEG supply - China is in control or is it?» Price drivers - the Chinese

More information

Market Report Series Oil SIEW 2017 launch - 28 March 2017

Market Report Series Oil SIEW 2017 launch - 28 March 2017 Market Report Series Oil 2017 SIEW 2017 launch - 28 March 2017 Oil demand continues to grow but at a slower pace 2.0 Global oil demand growth 2014-2022 1.5 1.0 0.5 0.0 2014 2015 2016 2017 2018 2019 2020

More information

Global Fibres Overview

Global Fibres Overview Global Fibres Overview Synthetic Fibres Raw Materials Committee Meeting at APIC 2014 Pattaya, 16 May 2014 (Michelle) Yang Qin AGENDA Historical and Forecast Man Made Fibre Production Cotton Market Trends

More information

The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review

The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review Michael Keenan Harbor Planning and Economic Analyst Port of Los Angeles October 5, 2009 Review of 2007 Container Trade

More information

NYU International Hospitality Industry Investment Conference

NYU International Hospitality Industry Investment Conference NYU International Hospitality Industry Investment Conference Industry Update: The Statistical Reality Presented by Randy Smith, Chairman and Founder, STR Global Lodging Performance Global Regions Occupancy

More information

Airline Industry Economics

Airline Industry Economics Airline Industry Economics AWG presentation 21 May 2015 Brian Pearce, Chief Economist www.iata.org/economics To represent, lead and serve the airline industry Brent crude oil price, $/b US dollar trade-weighted

More information

Economic & Financial Market Outlook

Economic & Financial Market Outlook Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets

More information

The outlook: what we know, the known unknowns and the unknown unknowns

The outlook: what we know, the known unknowns and the unknown unknowns The outlook: what we know, the known unknowns and the unknown unknowns 24 April 2017 Seoul Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1

More information

The New World Order in Energy: Peak Oil or Peak Prices?

The New World Order in Energy: Peak Oil or Peak Prices? The New World Order in Energy: Peak Oil or Peak Prices? Prepared For: APIC Marketing Seminar by CMAI Asia Petrochemical Industry Conference 2008 Raffles City Convention Centre, Singapore May 2008 Prepared

More information

WINDS OF CHANGE GLOBAL FLEET & MRO MARKET FORECAST

WINDS OF CHANGE GLOBAL FLEET & MRO MARKET FORECAST WINDS OF CHANGE 2016-2026 GLOBAL FLEET & MRO MARKET FORECAST SEPTEMBER 28, 2016 Chris Doan Vice President AVIATION Oliver Wyman s Aviation, Aerospace & Defense practice is the largest and most capable

More information

The U.S. Economic Outlook

The U.S. Economic Outlook The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?

More information

Shifting International Trade Routes A National Economic Outlook. February 1, 2011

Shifting International Trade Routes A National Economic Outlook. February 1, 2011 Shifting International Trade Routes A National Economic Outlook February 1, 2011 Today s Objectives Endeavor to provide a broad context for today s program by briefly touching on: Some good news Some not

More information

Petrochemical Industry in China

Petrochemical Industry in China Petrochemical Industry in China - Growing Demand and Supply in the Future by Qu Guangdong Director, SRI Consulting Beijing Office 1 Chemical Industry In China Contents Macro Economic Situation in China

More information

WINDS OF CHANGE FEBRUARY 8, Dave Stewart GLOBAL FLEET & MRO MARKET FORECAST. AVIATION Oliver Wyman

WINDS OF CHANGE FEBRUARY 8, Dave Stewart GLOBAL FLEET & MRO MARKET FORECAST. AVIATION Oliver Wyman WINDS OF CHANGE 2016-2026 GLOBAL FLEET & MRO MARKET FORECAST FEBRUARY 8, 2017 Dave Stewart AVIATION Oliver Wyman s Aviation, Aerospace & Defense practice is the largest and most capable consulting team

More information

Trade Growth - Fundamental Driver of Port Operations and Development Strategies

Trade Growth - Fundamental Driver of Port Operations and Development Strategies Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic

More information

Global Economic Outlook. Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics September 2011

Global Economic Outlook. Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics September 2011 Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics U.S. Outlook: Moderate Growth Overall 6 4 US Real GDP Growth 2 % Change 0 (2) (4) Forecast (6) (8) Bars = QOQ% Annualized Line = YOY% (10) 2005

More information

Living with limits: growth, resources and climate change Martin Wolf, Associate Editor & Chief Economics Commentator, Financial Times

Living with limits: growth, resources and climate change Martin Wolf, Associate Editor & Chief Economics Commentator, Financial Times Living with limits: growth, resources and climate change Martin Wolf, Associate Editor & Chief Economics Commentator, Financial Times Grantham Institute for Climate Change Annual Lecture 2011 3 rd November

More information

Inland Empire International Trade Economic Forecast

Inland Empire International Trade Economic Forecast Inland Empire International Trade Economic Forecast Mira Farka Adrian Fleissig Institute for Economic and Environmental Studies Orange County / Inland Empire Regional SBDC Network California State University,

More information

Comparison of urban energy use and carbon emission in Tokyo, Beijing, Seoul and Shanghai

Comparison of urban energy use and carbon emission in Tokyo, Beijing, Seoul and Shanghai International Workshop on Urban Energy and Carbon Modeling, February 5-6, 28, AIT Centre, Asian Institute of Technology, Pathumthani, Thailand Comparison of urban energy use and carbon emission in Tokyo,

More information

BUYERS VS SUPPLIERS: CHANGING PREFERENCES OF ONE OF THE MAIN GRAIN IMPORTERS

BUYERS VS SUPPLIERS: CHANGING PREFERENCES OF ONE OF THE MAIN GRAIN IMPORTERS BUYERS VS SUPPLIERS: CHANGING PREFERENCES OF ONE OF THE MAIN GRAIN IMPORTERS MACROECONOMICS GLOBAL GROWTH: DEVELOPED AND EMERGING MARKETS MARCH 2008 MARCH 2017 5,5 % 2 % Emerging Markets Real GDP YoY %

More information

Perspectives on the long-term outlook for iron ore

Perspectives on the long-term outlook for iron ore Perspectives on the long-term outlook for iron ore John Barkas john.barkas@metalytics.com.au Iron Ore 2015 Perth WA, 13 July 2015 Disclaimer Metalytics is a consultancy based in Sydney, Australia that

More information

Global Economic & Truck-Market Overview: The Next Five Years

Global Economic & Truck-Market Overview: The Next Five Years AUTOMOTIVE Global Economic & Truck-Market Overview: The Next Five Years 22 September 2016 Hannover, Germany Andrej Divis, Director, IHS Automotive +1 703 346 2331, Andrej.Divis@ihsmarkit.com 2 Index, over

More information

Cargo outlook Brian Pearce Chief Economist. 13 December 2018

Cargo outlook Brian Pearce Chief Economist. 13 December 2018 Cargo outlook 2019 Brian Pearce Chief Economist 13 December 2018 1 Cargo revenue contribution stabilizing 2 % total revenues 82% 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% 2008 2009 2010 2011 2012 2013 2014

More information

Indian Economy in Graphs. Arvind Panagariya Columbia University

Indian Economy in Graphs. Arvind Panagariya Columbia University Indian Economy in Graphs Growth in GDP and Per-capita GDP 9 8.3 8 7 6.7 6 5.8 5 4 3 2 4.1 2.2 3.2 4.6 2.2 3.7 1 0.8 0 Phase I (1951-64) Phase II (1965-81) Phase III (1981-88) Phase IV (1988-03) Phase V

More information

Future Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013

Future Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013 1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible

More information

WINDS OF CHANGE GLOBAL FLEET & MRO MARKET FORECAST

WINDS OF CHANGE GLOBAL FLEET & MRO MARKET FORECAST WINDS OF CHANGE 2016-2026 GLOBAL FLEET & MRO MARKET FORECAST OCTOBER 19, 2016 Tom Cooper Vice President AVIATION Oliver Wyman s Aviation, Aerospace & Defense practice is the largest and most capable consulting

More information

2016 Grains & Oilseeds Outlook. The global outlook remains positive. 12/7/2015. Matthew C. Roberts

2016 Grains & Oilseeds Outlook. The global outlook remains positive. 12/7/2015. Matthew C. Roberts 12/7/215 216 Grains & Oilseeds Outlook Matthew C. Roberts Roberts.628@osu.edu The global outlook remains positive. www.matthewcroberts.com 2 www.matthewcroberts.com 3 www.matthewcroberts.com 4 www.matthewcroberts.com

More information

Percent

Percent Outline Outline Growth is picking up Percent 6 Advanced economies Emerging and developing economies 5 4 4.9 5.0 4.3 4.4 4.6 4.7 4.7 3.7 3.7 3 2 2.0 2.3 1.6 2.2 2.3 1.9 1.7 1 1.1 1.3 0 2012 2013 2014 2015

More information

The US Economic Outlook

The US Economic Outlook IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth

More information

Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.

Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update. Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak

More information

Global economic cycle has slowed

Global economic cycle has slowed Year-on-year % change Confidence index, 50= no change Global economic cycle has slowed 25% 70 20% International trade growth 65 15% 10% Industrial production growth 60 5% 55 0% 50-5% Business confidence

More information

Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services

Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Rising Uncertainty Creating Headwinds for Commercial Real Estate

More information

Steel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009

Steel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009 Steel: A Buyer s Market for the Worst of Reasons John Anton Director, IHS Global Insight Steel Service August 2009 The U.S. Recession Is Bottoming Out This recession has been the most severe of the postwar

More information

VISION 2025 CHALLENGES AND OPPORTUNITIES 5TH INDIANOIL PETROCHEMICAL CONCLAVE 4th February 2016 MUMBAI INDIA

VISION 2025 CHALLENGES AND OPPORTUNITIES 5TH INDIANOIL PETROCHEMICAL CONCLAVE 4th February 2016 MUMBAI INDIA VISION 2025 CHALLENGES AND OPPORTUNITIES 5TH INDIANOIL PETROCHEMICAL CONCLAVE 4th February 2016 MUMBAI INDIA Polyester Chain Scenario in New Normal Environment YJ Kim PCI Xylenes & Polyesters Asia Sdn

More information

18 th May Global Steel Industry Trends: Is the perception the reality?

18 th May Global Steel Industry Trends: Is the perception the reality? 18 th May 2004 Global Steel Industry Trends: Is the perception the reality? Investors have perceived the steel industry negatively Poor returns over the long term, high volatility, relatively small size

More information

United Nations Conference on Trade and Development

United Nations Conference on Trade and Development United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty

More information

Energy and commodity price benchmarking and market insights

Energy and commodity price benchmarking and market insights DeWitt Energy and commodity price benchmarking and market insights London, Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai,

More information

Global Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes. Tom Rogers. Lead Economist, Oxford Economics.

Global Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes. Tom Rogers. Lead Economist, Oxford Economics. Global Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes Tom Rogers Lead Economist, Oxford Economics trogers@oxfordeconomics.com 16 th January 2013 Overview External environment showing signs

More information

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1 Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin

More information

Trade and Economic Trends

Trade and Economic Trends Trade and Economic Trends Marine Terminal Management Training Program Paul Bingham Managing Director, Global Commerce & Transportation IHS Global Insight Long Beach, CA September 21, 2009 The Global Recession

More information

Outlook for U.S. Retail Food Prices and Inflation in 2009

Outlook for U.S. Retail Food Prices and Inflation in 2009 Outlook for U.S. Retail Food Prices and Inflation in 2009 Ephraim Leibtag, PhD Food Markets Branch, Food Economics Division ERS-USDA Presented at the 2009 Agricultural Outlook Forum Global Agriculture

More information

Seven Lean Years Explaining Persistent Global Economic Weakness

Seven Lean Years Explaining Persistent Global Economic Weakness Seven Lean Years Explaining Persistent Global Economic Weakness 9 June 2015 Bank of Canada and European Central Bank Conference Tim Lane Deputy Governor Bank of Canada The global economy remains weak and

More information

U.S. and Ohio Midstream Infrastructure Development

U.S. and Ohio Midstream Infrastructure Development U.S. and Ohio Midstream Infrastructure Development Findings and Results from ICF s Study for American Petroleum Institute, April 2017, U.S. Oil and Gas Infrastructure Investment through 2035 An Engine

More information

PORTUARIA DE LA REGIÓN?

PORTUARIA DE LA REGIÓN? HACIA DÓNDE VA LA INDUSTRIA MARÍTIMO- PORTUARIA DE LA REGIÓN? A.P. Moller - Maersk overview TRANSPORT & LOGISTICS DIVISION DAMCO ENERGY DIVISION APM TERMINALS MAERSK OIL MAERSK DRILLING MAERSK CONTAINER

More information

Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013

Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013 Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic

More information

Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?

Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.

More information

Airlines, the economy and air transport demand

Airlines, the economy and air transport demand Airlines, the economy and air transport demand Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 Returns for airlines investors lower this year;

More information

Market Insights. March 29, 2019

Market Insights. March 29, 2019 March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%

More information

Market Insights. June 30, 2018

Market Insights. June 30, 2018 June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%

More information

Gulf Container Trade Outlook for 2017 and Beyond

Gulf Container Trade Outlook for 2017 and Beyond Gulf Container Trade Outlook for 2017 and Beyond Houston, May 15, 2017 Mario.Moreno@ihsmarkit.com Agenda Gulf coast imports: top sourcing regions, fastest growing commodities, demand drivers and outlook.

More information

International Economic Shocks and the Challenges of International Corporations

International Economic Shocks and the Challenges of International Corporations RIETI Policy Symposium International Economic Shocks and the Challenges of International Corporations Ryuhei Wakasugi Research Counselor, RIETI Professor Kyoto University and Keio University R. Wakasugi

More information

2019 Global Travel Forecast: Air, Hotel and Ground Prices

2019 Global Travel Forecast: Air, Hotel and Ground Prices 2019 Global Travel Forecast: Air, Hotel and Ground Prices Methodology 28 countries and 10 US cities Airlines, Hotel, Rental Car Forecast in USD, guidelines on currency exchange forecast Forecast projections

More information

Oil Prices: Past, Present, & Future

Oil Prices: Past, Present, & Future Oil Prices: Past, Present, & Future Gulf Research Center November 23, 2005 A. F. Alhajji*, PhD Gulf Energy Program - Moderator Gulf Research Center Dubai, UAE *A. F. Alhajji, PhD is also George Patten

More information

Market Update. Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes. Copyright 2016 Boeing. All rights reserved.

Market Update. Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes. Copyright 2016 Boeing. All rights reserved. Market Update The statements contained herein are based on good faith assumptions are to be used for general information purposes only. These statements do not constitute an offer, promise, warranty or

More information

Energy Trends and Emissions in the Former Soviet Union

Energy Trends and Emissions in the Former Soviet Union Energy Trends and Emissions in the Former Soviet Union GTSP Annual Meeting May 29, 2008 Presented by M. Evans Looking back Overview Economic and demographic trends Energy trends and energy intensity Toward

More information

National Report Iceland. RINORD June 2018 Tryggvi Jónsson, Chairman of FRV

National Report Iceland. RINORD June 2018 Tryggvi Jónsson, Chairman of FRV National Report Iceland RINORD June 2018 Tryggvi Jónsson, Chairman of FRV FRV s activities and priorities 2017-2018 Annual strategy meeting set out the following priorities: Good procurement practices

More information

ABA Commercial Real Estate Lending Committee

ABA Commercial Real Estate Lending Committee ABA Commercial Real Estate Lending Committee Commercial Real Estate Outlook The Good, the Bad and the Ugly January 16, 2019 Rob Strand Senior Economist American Bankers Association aba.com 1-800-BANKERS

More information

Agriculture and the Economy: A View from the Chicago Fed

Agriculture and the Economy: A View from the Chicago Fed Agriculture and the Economy: A View from the Chicago Fed March 3, 2016 Riverside, Iowa David Oppedahl Senior Business Economist 312-322-6122 david.oppedahl@chi.frb.org Federal Reserve System Twelve District

More information

The U.S. Economic Outlook

The U.S. Economic Outlook The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com

More information

Macro-economic risk and the outlook for aviation

Macro-economic risk and the outlook for aviation Macro-economic risk and the outlook for aviation 25 th January 2018, Dublin Brian Pearce, Chief Economist, IATA www.iata.org/economics Macro matters 24% 20% Global GDP and RPK growth 12% 10% 16% 12% 8%

More information

Steel Market Outlook. AM/NS Calvert

Steel Market Outlook. AM/NS Calvert Steel Market Outlook AM/NS Calvert Agenda Economic indicators Key steel consuming markets and forecasted demand Steel consumptions trends Global steel markets and raw materials Comments on trade 1 U.S.

More information

GLOBAL IMBALANCES: PRE- AND POST-CRISIS. GIAN MARIA MILESI-FERRETTI International Monetary Fund Research Department

GLOBAL IMBALANCES: PRE- AND POST-CRISIS. GIAN MARIA MILESI-FERRETTI International Monetary Fund Research Department GLOBAL IMBALANCES: PRE- AND POST-CRISIS GIAN MARIA MILESI-FERRETTI International Monetary Fund Research Department The views expressed are those of the authors and not necessarily those of the IMF or its

More information

Sulphur Market Outlook

Sulphur Market Outlook Sulphur Market Outlook Meena Chauhan Head of Sulphur and Sulphuric Acid Integer Research The Fertilizer Institute Outlook and Technology conference Fort Lauderdale, Florida Founded in 2002, Integer Research

More information

Chlor-Alkali Market Research Report- Forecast to 2022

Chlor-Alkali Market Research Report- Forecast to 2022 Report Information More information from: https://www.marketresearchfuture.com/reports/1966 Chlor-Alkali Market Research Report- Forecast to 2022 Report / Search Code: MRFR/CnM/1434-HCRR Publish Date:

More information

Global Containerboard Outlook

Global Containerboard Outlook Global Containerboard Outlook European Conference March 2018 Gleb Sinavskis Economist, European Paper Packaging Copyright 2018 RISI, Inc. Proprietary Information Gleb Sinavskis Economist, European Paper

More information

World Trade Services Outlook

World Trade Services Outlook World Trade Services Outlook Copyright 2005 Global Insight, Inc. Paul Bingham Global Insight, Inc. October 26, 2006 Macro View of Trade Confirms Globalization s Long-term Impact on the U.S. Economy 18

More information

Impending Shortage of NA Lumber Capacity: Implications for U.S. Southern Industry

Impending Shortage of NA Lumber Capacity: Implications for U.S. Southern Industry Impending Shortage of NA Lumber Capacity: Implications for U.S. Southern Industry Alabama Forest Owners Association Webinar Dr. Lynn O. Michaelis, Partner January 15, 2014 2 Purpose of Today s Presentation

More information

Refining Industry Outlook

Refining Industry Outlook Refining Industry Outlook Ron Chittim Refining Issues Manager American Petroleum Institute Crude Oil Quality Group Houston September 27, 2001 Topics Overview of API & Major Activities Refining Industry

More information

National and Regional Economic Outlook. Central Southern CAA Conference

National and Regional Economic Outlook. Central Southern CAA Conference National and Regional Economic Outlook Central Southern CAA Conference Dr. Mira Farka & Dr. Adrian R. Fleissig California State University, Fullerton April 13, 2011 The Painfully Slow Recovery The Painfully

More information

Mexican Light Vehicle Outlook

Mexican Light Vehicle Outlook Mexican Light Vehicle Outlook Presented to: LXXXVI Junta Automotriz 9 July 2008 Presented by: Guido Vildozo Senior Market Analyst, Latin America Copyright 2008 Global Insight, Inc. 1 Global Light Vehicle

More information

Soybean, Corn, & Wheat Outlook Middle Tennessee Grain Conference

Soybean, Corn, & Wheat Outlook Middle Tennessee Grain Conference Soybean, Corn, & Wheat Outlook Middle Tennessee Grain Conference S. Aaron Smith, Crop Marketing Specialist, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee

More information

Soybean, Corn, & Wheat Outlook Middle Tennessee Grain Conference

Soybean, Corn, & Wheat Outlook Middle Tennessee Grain Conference Soybean, Corn, & Wheat Outlook Middle Tennessee Grain Conference S. Aaron Smith, Crop Marketing Specialist, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee

More information

Market Report Series Oil 2017

Market Report Series Oil 2017 Market Report Series Oil 2017 Neil Atkinson, Head Oil Industry & Markets Division, IEA International Institute for Strategic Studies, Bahrain, 17 September 2017 Oil demand continues to grow but at a slower

More information

The U. S. Economic Outlook: Robert J. Gordon

The U. S. Economic Outlook: Robert J. Gordon The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition

More information

ENERGY TRANSITION PATHWAYS FOR THE 2030 AGENDA IN ASIA AND THE PACIFIC

ENERGY TRANSITION PATHWAYS FOR THE 2030 AGENDA IN ASIA AND THE PACIFIC ENERGY TRANSITION PATHWAYS FOR THE 2030 AGENDA IN ASIA AND THE PACIFIC Mr Hongpeng Liu Director, Energy Division, Economic and Social Commission for Asia and the Pacific Objectives and progress of the

More information

OLEFINS AND METHANOL. 34th IHS World Methanol Conference OCTOBER 2016

OLEFINS AND METHANOL. 34th IHS World Methanol Conference OCTOBER 2016 OCTOBER 2016 OLEFINS AND METHANOL 34th IHS World Methanol Conference Steve Lewandowski, Vice President - Olefins +1 281 752 3230 steve.lewandowski@ihsmarkit.com Agenda On purpose olefins production becomes

More information

The world market for Infant Formula: still a major utilisation for whey, but not the only one

The world market for Infant Formula: still a major utilisation for whey, but not the only one The world market for Infant Formula: still a major utilisation for whey, but not the only one For the EWPA GA Annual Congress 2016 3 rd June 2016 By Mylène Potier, Senior Consultant mpotier@girafood.com

More information

10 County Conference. Richard Wobbekind. Executive Director Business Research Division & Senior Associate Dean Leeds School of Business

10 County Conference. Richard Wobbekind. Executive Director Business Research Division & Senior Associate Dean Leeds School of Business 10 County Conference Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business Hmm... (http://myfallsemester.blogspot.com) Real GDP Growth Percent

More information

Hotel Performance and Outlook

Hotel Performance and Outlook Hotel Performance and Outlook HICAP 2016 Jesper Palmqvist 20 October apinfo@strglobal.com 2016 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without

More information

Wenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1

Wenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1 WYOMING DEMOGRAPHIC AND ECONOMIC TREND LCCC LIFE Program April 7, 2012 Cheyenne, Wyoming Wenlin Liu, Senior Economist Economic Analysis Division Stateof Wyoming Economic Analysis Division State of Wyoming

More information

Oil Markets. Kevin Lindemer Executive Managing Director, Energy Markets Group

Oil Markets. Kevin Lindemer Executive Managing Director, Energy Markets Group Oil Markets Kevin Lindemer Executive Managing Director, Energy Markets Group 2008 Outlook Downside risks in demand are increasing due to weaker economic outlook Upside supply risks still present but balance

More information

ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 2014 Venue: Conference Room, MPMA, Petaling Jaya

ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 2014 Venue: Conference Room, MPMA, Petaling Jaya ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 214 Venue: Conference Room, MPMA, Petaling Jaya Raw Materials Present and Future Regional/World Capacities

More information

Larry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee

Larry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee Larry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee The U.S. economy has now enjoyed 7 years of economic growth since the Great Recession Real GDP grew by 1.2% in

More information

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/

More information

Presentation to Construction Employers Association Nonresidential Construction Outlook

Presentation to Construction Employers Association Nonresidential Construction Outlook Presentation to Construction Employers Association Nonresidential Construction Outlook Bernard M. Markstein U.S. Chief Economist Market Intelligence Reed Construction Data May 30, 2012 Reed Elsevier Reed

More information

The Eurozone integration, des-integration and possible future developments

The Eurozone integration, des-integration and possible future developments The Eurozone integration, des-integration and possible future developments 18 th Monetary Policy Workshop at the Berlin School of Economcs and Law, 12 13 October 2017 Overview Position 1: The euro itself

More information

MUSTAFA MOHATAREM Chief Economist, General Motors

MUSTAFA MOHATAREM Chief Economist, General Motors MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.

More information

Global Boxboard Market Review

Global Boxboard Market Review Global Boxboard Market Review Sailing In A World Of Volatility And Uncertainty European Conference March 2018 Alejandro Mata Senior Economist, European Forest Products Copyright 2018 RISI, Inc. Proprietary

More information

Current situation and prospects for copper, nickel, lead and zinc

Current situation and prospects for copper, nickel, lead and zinc Global Commodities Forum Palais des Nations, Geneva 22-23 March 2010 Current situation and prospects for copper, nickel, lead and zinc by Mr. Don Smale, Secretary General, International Lead and Zinc Study

More information

The Economic Outlook. Economic Policy Division

The Economic Outlook. Economic Policy Division The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half

More information

Understanding the. Dr. Christopher Waller. Federal Reserve Bank of St. Louis

Understanding the. Dr. Christopher Waller. Federal Reserve Bank of St. Louis Understanding the Unemployment Picture Dr. Christopher Waller Senior Vice President and Director of fresearch Federal Reserve Bank of St. Louis By David Andolfatto and Marcela Williams A Look at Unemployment

More information

Shifts in Global Trade Patterns

Shifts in Global Trade Patterns Shifts in Global Trade Patterns Presented to: AAPA Shifting International Trade Routes and Planning for the Panama Canal Expansion January 23, 2008 Port of Tampa Presented by: Robert West Managing Director

More information

Canada s economy on track for a solid 2018 although policy uncertainty lingers

Canada s economy on track for a solid 2018 although policy uncertainty lingers Canada s economy on track for a solid 2018 although policy uncertainty lingers Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com March 2018 Canada is facing a challenging

More information

Global growth prospects

Global growth prospects Global growth prospects Percent 6 Advanced Economies Emerging Markets and Developing Economies 5 4.9 5.0 4.7 4.7 4.5 4 4.3 4.3 3.7 3.7 3 2 2.3 2.3 2.2 2.0 2.0 1.7 1.7 1 1.1 1.3 0 2012 2013 2014 2015 2016

More information

Opening address for dinner-debate

Opening address for dinner-debate Opening address for dinner-debate Mohammed Barkindo Acting for the OPEC Secretary General European Parliament Strasbourg, France 4 July 2006 1 Outline Importance of EU-OPEC Energy Dialogue Current oil

More information