One recognises that the future has enormous uncertainties, those who think they can forecast accurately the future of the chemical industry of international trade are underestimating the problems. Simplistic extrapolations as carried out in the past are no longer sufficient. The business environment has become very complicated and changes are occurring with increasing frequency. Consequently there is a growing need to make assessments, of complex market situations and international trade, as good as possible. The best that can be done under the present situation of low growth, inflation, environmental pressures and other problems is to outline the future on the basis of existing trends and then to find out the inconsistencies, to define the imbalances, highlight problems and if possible the opportunities. Those who are first in understanding the changing markets will reap the benefits at the cost of those who are less astute and will take advantage of their knowledge to improve business results. This is in fact what marketing and its research are all about. For some time the chemical industry realised that it must put its house in order. The proper functioning of the chemical industry will depend more and more on the availability of reliable statistical data and of planning by the industry as a whole, including its international trading. In the author's opinion it is especially the international trading that deserves more attention. This presentation has been sub-divided into the following headings; Petrochemical industry; Parcel tankers; International trade; Storage; Oil market; Interrelations; and Outlook.

Media Info

  • Pagination: p. 97-121

Subject/Index Terms

Filing Info

  • Accession Number: 00314749
  • Record Type: Publication
  • Report/Paper Numbers: Conf Paper
  • Files: TRIS
  • Created Date: Aug 27 1980 12:00AM