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WASHINGTON (February 2, 2020) – Global chemicals production rose 1.8 percent in December, according to data collected and tabulated by the American Chemistry Council (ACC), a slightly slower pace than November and continuing the global recovery that began in June. In December, chemical output grew in all regions except Latin America. Headline global production was up 6.8 percent year-over-year (Y/Y) on a three-month moving average (3MMA) basis. Global output stood at 126.7 percent of its average 2012 levels.

During December, global capacity rose 0.1 percent and was up 2.1 percent Y/Y. With improving production, capacity utilization in the global chemical industry rose 1.5 points to 86.0 percent. This is up from 82.1 percent at the pre-COVID peak last December, but below the long-term (1987-2019) average of 86.3 percent. Among chemical industry segments, December results were positive, with gains across all segments. Considering year-earlier comparisons, production gains occurred in all segments. 

ACC’s Global Chemical Production Regional Index (Global CPRI) measures the production volume of the chemical industry for 33 key nations, sub-regions, and regions, all aggregated to the world total. The index is comparable to the Federal Reserve Board (FRB) production indices and features a similar base year where 2012=100. This index is developed from government industrial production indices for chemicals from more than 65 nations accounting for about 98% of the total global chemical industry. This data set is the only timely source of market trends for the global chemical industry and is comparable to the U.S. CPRI data, a timely source of U.S. regional chemical production.


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