Brazil chem revenue may grow 15.8% in 2011 – group

12 December 2011 22:10  [Source: ICIS news]

SAO PAULO (ICIS)--Revenues from Brazil’s chemical sector could reach Brazilian reais (R)261.9bn ($144.7bn, €108.5bn) in 2011, up 15.8% year on year, the country’s chemical industry association said on Monday.

Abiquim attributed the increase to stronger demand for chemicals for industrial use.

Revenues derived from chemical products for industrial use would post the highest figures in 2011 with R125.4bn, up 16.4% year on year, Abiquim said.

According to the association, results would have been stronger if chemical imports had not been growing around 23.4% to a projected $41.6bn for 2011.

Exports are seen growing around 19.8% to $15.7bn, Abiquim added.

If figures are confirmed, Brazil’s chemical deficit will be 25.1% higher year on year, reaching $25.9bn, Abiquim said.

($1 = R1.81)
($1 = €0.75)

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By: Hellen Berger
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