US November chemical shipments rise 2% year on year

04 January 2012 18:05  [Source: ICIS news]

HOUSTON (ICIS)--Shipments of US-made chemicals in November rose about 2% year on year, according to data released on Wednesday by the US Department of Commerce.

Chemical shipments in November, which were a little less than the October total, recorded the 24th straight month of year-on-year gains since December 2009.

The Census data showed that the value of US-made-chemical shipments by land and water totalled $61.35bn (€47.24bn) in the month, compared with November 2010 shipments valued at $60.09bn.

It was the second weakest month for shipments of US-made chemicals in 2011. In April, shipments rose just 1% in dollar value year on year. Most monthly gains since April have been 2-7% year on year. Shipments rose 3% in October.

All US manufacturing industries in November increased by 7% in the value of total shipments, according to the data.

Chemicals represent one of the largest non-durable goods industries in the US, surpassed in November only by petroleum and coal products ($72.18bn) and food products ($62.52bn) in shipment value.

The gain in November chemical shipments trailed all manufactured non-durable goods shipped in the US, which rose 10% to $252.11bn from $228.18bn in the same month last year.

The US Census Bureau separates the chemical industry into four sectors: pesticides and fertilizers; pharmaceuticals; petrochemicals; and chemicals used in paints, coatings and adhesives. Three of the sectors showed gains in November.

The largest – petrochemicals – managed just barely to come out ahead over the same month in 2010. Petrochemical shipments in November totalled $37.54bn, up less than 1% compared with $37.43bn in the same month last year.

The largest gain came in pesticides and fertilizer shipments, valued at $5.86bn, up nearly 36% over $4.32bn in October 2010. That sector had a boom year in 2011 through November, with double-digit percentage increases each month because of a spike up in global demand, particularly in Asia and South America.

Pharmaceuticals fell about 3% during November with $15.32bn shipped, compared with $15.77bn in the same month of 2010.

Shipments in the smallest sector – paints, coatings and adhesives – turned up in November for only the fourth monthly gain this year, rising 2% with $2.63bn in cargoes sent compared with $2.57bn in November 2010.

($1 = €0.77)

Paul Hodges studies key influencers shaping the chemical industry in chemicals and the economy

By: Lane Kelley
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index