04 February 2013 18:22 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--The Brazilian chemical industry has been stagnant for six years, despite a preliminary quantum index’s indication that production and sales increased in 2012, the nation's industry chemical group Abiquim said on Monday.
Sales of industrial chemicals in 2012 increased 7.43% year on year, while chemical production rose 2.89%, according to the quantum index, which is based on quantity units of goods, such as number or weight.
“Beside the positive numbers... production and domestic sales have been stagnated for six years as a result of lack of competitiveness,” said Abiquim's economy and statistics technical director Fatima Giovanna Coviello Ferreira.
The trade industry association said the results were influenced by power outages.
“In the specific case of the chemical industry, which operates in a continuous process, a little [power outage] can take days and even months to restore production,” Abiquim said in a statement.
According to Abiquim, the inactiveness of chemical plants also contributed for a bad industry's performance this year.
“The average usage of the plants was 81% in 2012...” it said. “Imports fell in terms of volume last year but still represent almost a third of all domestic demand for chemicals.”
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