A view on Chemicals at Austria

For the rest of 2010, production will continue to grow at the Austrian chemical industry, but it will take until 2012 to compensate for the loss in revenues suffered in 2009.

Madrid - 20-out-2010

How has the chemicals sector performed in the last six months?

2009 was an exceptionally bad year for the Austrian chemical industry which, with a relatively small domestic market, is heavily export dependent. According to Bank Austria, production in this sector decreased 11% and turnover dropped 17%. However, unlike many subsectors such as plastics, coating and agrochemicals, which all suffered from substantial declines, pharmaceuticals recorded a slight increase in turnover. The response of many companies in the sector to falling demand was to take harsh cost cutting measures, including factory closures and downsizing their workforce.

There have been signs of a recovery in 2010, as international demand increases, with production rebounding 5% throughout the whole industry between January and May. However, volatile price development and a continuing rise in unemployment [up 1.4% in the first half of 2010] reflect the persisting uncertainty in the market. The plastics sub-sector at least has rebounded quickly, with a sharp increase in product prices since the end of 2009, as producers and processing industries restock their inventories.

What is the current trend in payment delays and insolvencies?

Insolvencies in the chemicals/pharmaceuticals sector decreased 17.1% in Q1 of 2010, following the 50% year-on-year increase in 2009.

What is Crédito y Caucións short term outlook for the chemicals sector?

For the rest of 2010, production will continue to grow, rising at least 6% by the end of the year. But it will take until 2012 to compensate for the loss in revenues suffered in 2009, as the recovery of the Austrian chemical industry depends largely on government stimulus packages and global inventory restocking both of which have short-term effects. In addition, the expected start of new chemical production in the Middle East next year and decreasing prices could adversely affect the industry.

Mantenha-se informado. Receba a nossa Newsletter

Esta pagina web usa cookies

Utilizamos cookies de terceiros para fins analíticos (produzindo estatísticas baseadas nos seus hábitos de navegação), personalização (para lembrar o idioma ou as configurações preferidas da web) e publicidade comportamental (para desenvolver perfis e oferecer publicidade adaptada às suas preferências de navegação). Poderá configurar o uso desta tecnologia. Poderá também modificar ou retirar o seu consentimento a qualquer momento, clicando em "Declaração de Cookies".

Marketing

Os cookies de marketing são utilizados para rastrear os visitantes dos sites. A intenção é exibir anúncios que sejam relevantes e atraentes para o utilizador individual e, por conseguinte, mais valiosos para os editores e anunciantes terceiros.

Necessárias

Os cookies necessários ajudam a tornar um site utilizável, ativando funções básicas como navegação na página e acesso a áreas seguras do site. O website não pode funcionar corretamente sem estes cookies.

Estadísticas

Os cookies estatísticos ajudam os proprietários dos sítios Web a compreender como os visitantes interagem com o sítio Web, recolhendo e fornecendo informações de forma anónima.

Preferências

Os cookies de preferências permitem que o site se lembre de informações que alteram a forma como o site se comporta ou é apresentado, tais como o seu idioma preferido ou a região em que se encontra.