Presentation is loading. Please wait.

Presentation is loading. Please wait.

Dr Moncef HADHRI Economic Affairs Industrial Policy Department April 14, 2015 The European Chemical Industry: Cefic Chemicals Trends Report.

Similar presentations


Presentation on theme: "Dr Moncef HADHRI Economic Affairs Industrial Policy Department April 14, 2015 The European Chemical Industry: Cefic Chemicals Trends Report."— Presentation transcript:

1 Dr Moncef HADHRI Economic Affairs Industrial Policy Department April 14, 2015 The European Chemical Industry: Cefic Chemicals Trends Report

2 The Ifo World Economic Climate remained stable in Q The world economy showed little dynamism, but there are significant regional differences Since 1981 the Ifo Institute has conducted a quarterly survey in numerous countries on business cycle developments and other economic factors in the experts’ home countries. The January 2015 survey received responses from 1,071 experts in 117 countries Economic climate is the arithmetic average of present and expected economic situation

3 The EU Economic Sentiment Indicator improves further in March 2015 Source: European Commission survey and cefic analysis The (ESI) is calculated as a weighted average of five confidence indicators, industry (40%), services (30%), consumers (20%), construction (5%) and retail trade (5%). The ESI are still well above its long term average since September 2013 The ESI indicator increased in March 2015 by 0.9 points in the EU to (by 1.6 points to in the euro area) The ESI rose significantly in Italy, Germany and Spain

4 Confidence improved in consumers and retail trade while it dropped in construction Source: European Commission survey and cefic analysis Confidence in industry and services increased marginally

5 EU chemical business climate deteriorated in the first quarter of 2015 Both situation at present and expectation deteriorated in Q1-2015

6 EU chemical confidence dropped in the first quarter of 2015 Production expectations contributed largely to this drop Source: European Commission survey and cefic analysis

7 The other business climate components deteriorated further in Q Selling price expectations registered a spectacular drop Source: European Commission survey and cefic analysis

8 Capacity utilisation declines slightly in Q4-2014, down from 81.2% in Q It remains 3.9% points below the post-crisis peak (Q1-2011), and nearly closed to the long term average

9 Capacity utilisation: Uneven developments within the European Union Capacity utilisation remained unchanged in Germany, positive development in the UK

10 Capacity utilisation in the UK, Spain and Italy still far below the peak level However, Poland and France are very closed to their pre-crisis level

11 Employment stabilised in Q and gradually increased since end 2013 Employment slightly decreased in Q % below

12 Employment went up in 2014 by 1.6% compared to 2013 It is still 6.4% below the 2008 level (pre-crisis level)

13 Stagnant growth for the EU chemicals sector (+0.2% in 2014 compared to 2013) Output declined in Jan 2015 by 0.3% compared to Jan % below

14 Output growth: Uneven developments within the EU chemical industry Significant output growth in specialty and consumer chemicals

15 EU chemicals prices fall by 1.8% in 2014 compared to 2013 Petrochemicals prices has the deepest dip in Jan 2015 (-11%, y-o-y)

16 EU chemicals sales down by 1.1% in 2014 compared to 2013 Sales followed a negative trend since 2012

17 EU chemicals exports were €137.7 bn in 2014 Down by €851 million compared to 2013 (-0.6%)

18 Delta Extra-EU exports, (2014 vs 2013, €mn) EU exports to the USA dramatically declined in petrochemicals

19 EU chemicals imports were €93.6 bn in 2014 Up by nearly €3.3 bn in 2014 compared to 2013 (+3.6%)

20 Delta Extra-EU imports, (2014 vs 2013, €mn) EU imports from Russia considerably raised in petrochemicals

21 Extra-EU chemicals trade surplus of €44.1 billion in 2014 A trade deficit in EU petrochemicals for the first time

22 Extra-EU chemicals trade surplus of €44.1 billion in 2014 Rest of Europe (including Russia) and the USA account for more than 1/3 of the total EU surplus

23 2014 surplus: Down by €4.1 bn compared to 2013 EU trade with Rest of Europe and US contributed largely to this drop

24 Back-up Slides

25 Confidence improved in consumers and retail trade while it dropped in construction Confidence in industry and services increased marginally

26 EU chemical confidence improved in March 2015 Thanks to the chemicals order books which improved significantly

27 EU chemicals sales by sub-sector (year 2013)

28 Output growth: Uneven developments within the EU chemical industry

29 Petrochemicals prices has the deepest dip

30 Chemicals Trends Report: Top Indicators About the Chemicals Trends Report The Cefic Chemicals Trends Report is issued each month to members of Cefic – the European Chemical Industry Council – which includes chemical industry associations and member companies. The report (slides) provides a snapshot of the chemical industry performance in the 28 member states of the European Union and is based on available data released by Eurostat. The scope of the one-page summary report distils Eurostat data into four areas: chemicals production, trade, prices and total sales. Chemicals Trends Report (CTR)Chemicals Trends Report (CTR) About Cefic Created in 1972, Cefic is the forum and the voice of the chemical industry in Europe. We represent 29,000 large, medium and small chemical companies in Europe, which directly provide 1.2 million jobs and account for 17% of world chemical production. To learn more about Cefic, visit its website at Dr. Moncef Hadhri Economic Affairs Tel:


Download ppt "Dr Moncef HADHRI Economic Affairs Industrial Policy Department April 14, 2015 The European Chemical Industry: Cefic Chemicals Trends Report."

Similar presentations


Ads by Google