French chem, pharma sales growth estimate cut to 2.2%
02 June 2003 16:04 [Source: ICIS news]
PARIS (CNI)--French chemical and pharmaceutical sales are
expected to grow by only 2.2% in volume this year, according to a
preliminary revised forecast from trade association Union des
Industries Chimiques (UIC).
Its new estimate, released in advance of more detailed figures
to be published on Tuesday (3 June), is approximately a quarter
lower than the 2.9% growth rate predicted in March.
Excluding pharmaceuticals, UIC now expects sales volumes this
year to rise by only 1.1%.
Last year, volume growth of France's chemical industry -
including pharmaceuticals - was 1.1% on sales up 0.4% to Euro85.4bn
(about $92bn). Excluding pharmaceuticals, production volumes were
down nearly 1% due to weak economies, reduced demand and decreased
Marc Poland, in charge of international and economic affairs
at UIC, said in outlining the 2003 reforecast that base chemicals
should be less affected by poor economic conditions than last year,
in contrast with some specialties which are expected to show lower
Production in the first quarter this year increased by 2.4%
despite stagnating exports. However, if pharmaceuticals are
excluded, output was up 2.8%, according to the UIC.
Poland said that prices, especially for organics, seem to be
By: Doris Leblond+44 20 8652 3214
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