Cefic EU27 Chemicals Monthly Report Containing May Data Has Been Published (June 2024)

We present the Chemicals Monthly Report prepared by Dr Moncef HADHRI, Director of Economic Affairs at Cefic for your information.


You can access the Chemicals Monthly Briefing prepared by Dr Moncef HADHRI, Economic Affairs Manager at Cefic here.

The key findings are;

EU27 chemicals business slightly improves.

Destocking in chemicals is coming to an end.

Assessment of overall order books showed gradual improvement until March-2024.

EU27 chemicals prices: 34% above the pre-crisis levels.

2024 shows a weak start for most EU27 sectors.

EU27 manufacturing output in 2024: 4.1% below 2023 level.

Germany reached the highest output level since July-2022.

EU27 chemicals output in Q1-2024: 0.6% above Q1-2023.

EU27 chemicals prices (2024): 34% above the pre-crisis levels.

China continue to report a high level of chemical production.

Global chemicals production, up by 5.8% in Q1-2024.

You can also acces the extended Chemicals Monthly Report (CMR) here.