German chemical production to increase by 1.5% in 2013 - trade group

12 December 2012 14:37  [Source: ICIS news]

LONDON (ICIS)--Germany’s chemical production is expected to increase by 1.5% in 2013, chemical producer trade group VCI said on Wednesday.

An increase in production next year would come after a 3.0% year-on-year decline VCI expects to record for 2012.

Chemical prices are expected to rise by 0.5% in 2013, and sales are expected to be up by 2.0%, the Frankfurt-based group said.

In 2012 a 2.5% increase in prices helped the German chemicals industry maintain its sales at €184.2bn ($239.2bn) – unchanged from 2011, VCI said. 

Domestic sales fell by 2.5% to €73.3bn, but sales outside Germany rose by 2.0% to €110.9bn, the group said.

Declining demand in Europe, especially southern Europe, was offset by growing demand from emerging economies, said VCI president Karl-Ludwig Kley.

“The export business remained the growth driver of Germany’s chemical industry,” he added.

($1 = €0.77)

By: Stefan Baumgarten
+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