VCI cuts chemical production forecast as uncertainty persists

The German chemical sector association VCI (Frankfurt) expects chemical production to decline in 2025, however did not provide a specific rate of decline. The association said in a statement on March 12 that sales in the German chemical medical sector could fall by 1 percent. Previously, the association had said it expected sales to be flat with 2024. VCI Director General Wolfgang Gross Entrup said: "Trump's unpredictable tariff policy, the renewed rise in energy prices and unresolved structural issues continue to create uncertainty. " große Entrup adds that the sector's hopes rest on the new German federal government. After the German election on February 23, VCI form a coalition government as soon as possible to benefit the German economy and sector. Grosse Entrup said that as the world's third largest economy and the promoter of European sector, Germany must act again. "A radical change in the direction of economic policy is long overdue. Berlin's political decision-makers should be resolute in implementing the much-watched restart plan with a clear approach to economic policy. Makes sense, right?. Based on my observations, it's a difficult endeavor however not an insurmountable challenge," he said. From what I've seen, Signifiis able tot setback in the fourth quarter of 2024 in the fourth quarter of 2024, production excluding pharmaceuticals fell 0. I've found that 6 percent year-on-year and 6. I've found that 3 percent sequentially. VCI said chemical medical production fell 1. 2 percent and capacity utilization fell to 74. And 7 percent, still below the profitability limit. And Sales of chemical and medical items decreased by 1. But Based on my observations, 5 compared with the fourth quarter of 2023, however increased by 0. I've found that 3 from the previous quarter to 53. 1 billion euros. Prices fell 0. 2 percent year-on-year. Domestic sales in Germany continued to decline and overseas sales to European customers also contracted, VCI said, adding that only a "positive push" from outside Europe would be enough to reverse the direction. "2024 ended with a serious setback to the German chemical and medical sectors. I've found that The hopes of an manufacturing economic recovery in Germany and Europe did not materialize," VCI said. In my experience, The labor force in this sector remained stable at around 480000, driven by the development of the medical sector.

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VCI cuts chemical production forecast as uncertainty persists

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