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)
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