VCI report on the business situation of the German chemical industry in the 2nd quarter 2015

Chemical business is growing in small steps

+++ Production increase by 1.6 percent against the previous quarter +++ Minor growth of chemical prices (+0.9 percent) +++ Chemical industry sales improve by 0.4 percent +++ Annual forecast 2015: moderate growth

VCI on the 2nd quarter 2015: The moderate growth course of the chemical-pharmaceutical industry in Germany lasted. At present, the upward trend mainly relies on pharmaceuticals. © VCI
VCI on the 2nd quarter 2015: The moderate growth course of the chemical-pharmaceutical industry in Germany lasted. At present, the upward trend mainly relies on pharmaceuticals. © VCI

The moderate growth course of the chemical-pharmaceutical industry in Germany lasted in the 2nd quarter 2015, according to the latest quarterly report by the German chemical industry association Verband der Chemischen Industrie (VCI). Thanks to the strong pharma business, chemical production rose once more against the previous quarter. The prices for chemicals stabilised. Total chemical industry sales went up because of foreign business. In particular, trading with overseas customers developed positively; especially sales to the USA grew vigorously. Exports benefited from the favourable rate of the euro to the US dollar. Sales also expanded in Europe, the industry’s major export market.

VCI President Marijn Dekkers on the business developments in the German chemical industry: “At present, the upward trend mainly relies on pharmaceuticals. In the overall picture, we are expecting slight growth for the 2nd half 2015. The weak euro benefits exports, and low oil prices positively impact the chemical business too. But at the same time, the economic situation is becoming less dynamic in China - the largest chemical market worldwide.”

Forecast

For the year 2015 as a whole, the VCI maintains its forecast of a 1.5 percent increase in chemical production. Chemical prices are anticipated to drop by 2.5 percent; chemical industry sales should rise by 1 percent to 192.7 billion euros.

Production

From April to June 2015, chemical production in Germany rose by 1.6 percent against the previous quarter. An increase by 3.4 percent was achieved in comparison with the 2nd quarter 2014. In the period under review, capacity utilisation in the industry was 83.5 percent.

Producer prices

For the first time after three quarters, chemical prices were back on the rise in the 2nd quarter 2015. They climbed by 0.9 percent over the previous three months but still remained 2.6 percent below the level of the 2nd quarter 2014.

Sales

After a drop at the beginning of the present year, chemical industry sales improved once again from April to June 2015. They went up by 0.4 percent against the previous quarter and by 2.3 percent against the previous year. This positive development was driven by strong foreign business.

Employment

The number of jobs remained constant in the chemical-pharmaceutical industry in the 2nd quarter 2015. At present, the industry has 447,000 staff.


Please note: The full version of the VCI’s quarterly report 2/2015 (VCI-Quartalsbericht 2/2015, in German language) is available in the download section at the top of this page. Additionally, you will find a summary in English language.


The VCI represents the politico-economic interests of over 1,650 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2014 the German chemical industry realised sales of more than 190 billion euros and employed 444,800 staff.

Contact: VCI Press Dept., Phone: +49 69 2556-1496, E-Mail: presse@vci.de
Please note: VCI news about the chemical industry is also available via Twitter: http://twitter.com/chemieverband

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Contacts

Dipl.-Pol. Oliver Claas

E-Mail: claas@vci.de