Tag Archives | EU

Global auto industry sales growth depends on China

Autos remain the world’s largest manufacturing industry, and the single biggest source of demand for chemicals and plastics.  According to detailed analysis by the American Chemistry Council, each new US auto is worth $3,539 in terms of sales – and involves a wide range of products including antifreeze, plastic dashboards, bumpers and windows, as well as upholstery […]

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EU faces US competition in PVC export markets

The blog continues this week’s special series on chloralkali and PVC markets by looking at EU developments on PVC. Historically the EU has had strong export positions into markets such as Turkey and Russia, which lack major local production. More recently, as in the USA, strong export demand for caustic soda and weak domestic demand […]

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US, China, EU auto sales up just 1% in Q1

Autos are the largest single market for chemical and polymer sales. And the USA, China and EU are the 3 largest markets, accounting for 2/3rds of global sales last year. Disappointingly, as the above chart shows, their sales were up just 1% overall in Q1 versus 2011 at 10.6m. Even this gain was only due […]

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Auto sales have slow start in January

January was not a great month for auto sales in the 3 major markets of the USA, EU and China. These amount to over 50% of global auto sales, and are a key indicator of underlying consumer demand. As the chart shows, sales were just 3m (red square), down from 3.2m (green line) in 2011: […]

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US PE exporters face more competition in Brazil

As promised, the blog looks today at the performance of US polyethylene (PE) exporters in Brazil. It was the fastest-growing of the major markets in 2011, as the wider economy benefitted from China’s demand. Since 2008, Brazil’s PE net imports have grown 78%, from 445KT to 793KT in 2011. But as the chart shows (based […]

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Global auto sales growth stalls as BabyBoomers age

Cars are now the largest single market for chemical sales, as housing markets have slowed globally. Each new US car is worth $3297, for example, according to the American Chemistry Council (ACC), making the US market worth $42bn in 2011. 2011 auto sales were ~59m, up 4% from 2010. The West (EU, USA, Japan) still […]

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EU’s PE industry could benefit from cluster strategy

Europe’s polyethylene (PE) trade presents a fascinating patchwork, based on its geographic and historical trading position, overlaid with its multi-ownership structure. This is highlighted in the above chart (based based on trade data for the January-August period from Global Trade Information Services, the leading global supplier). It shows net trade (exports less imports) for the […]

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Global autos Sept11.png

US, China, EU auto sales stall

Auto sales in the world’s 3 main markets (China, USA, EU), saw much slower growth in the past 3 months. The chart above shows how they have moved in 2011 (red square) versus previous years. It is clear that the stimulus-led boom seen since 2009 has come to an end: • Overall, sales in the […]

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China’s PE market down 2.5% in H1

China’s surging demand led the chemical world out of recession and into boom territory. Its 53% increase in polyethylene (PE) demand between 2008 – 2010 (up 6.2 MT), was typical of the support it provided. But H1 2011 has not maintained this momentum, as the chart shows. Its PE demand was actually down 2.5% versus […]

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Auto sales face weaker H2

This week’s special blog series has focused on auto markets, a critical source of chemical demand. Today, it concludes by summarising developments in China, USA, EU, which account for ~55% of global sales. They have moved in different directions since the Great Recession began: • China’s volumes soared in 2009-10 • The USA has fallen […]

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