Brazil Q1 industrial chem production, sales fall

25 April 2013 18:12  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazilian sales of industrial chemicals fell 2.46% year on year in the first quarter of 2013, while production decreased 2.76% in the same period, the nation's chemical industry association Abiquim said on Thursday.

However, apparent consumption of chemicals increased 4.5%, year on year. Apparent consumption is production plus imports minus exports.

The country's finance minister, Guido Mantega, recently unveiled a stimulus package for the ethanol and chemical industries.

The announcement may diminish the strong cost pressure among producers in Brazil, especially in regards to the industry's competitiveness over imported products, according to Abiquim statistics technical director Fatima Giovanna Coviello Ferreira.

"The volume of imports grew 23.2% in the first quarter, taking advantage of the increase of domestic demand and evidencing the critical moment which the chemical industry faces," she said.

"[The measures] make the sector more competitive before the growing penetration of imported production in the domestic market," she said.

By: Leo Siqueira
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