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WASHINGTON (May 30, 2019) – Data collected and tabulated by the American Chemistry Council (ACC) show that global chemicals production rose 0.3 percent in April. This follows a 0.1 percent gain in March and a 0.2 percent gain in February. During April, chemical production increased in North America, the Former Soviet Union (FSU), Africa and the Middle East, and Asia-Pacific. Activity was flat in Europe and fell in Latin America. With softness earlier last year, the Global CPRI was up 2.3 percent year-over-year (Y/Y) on a three-month moving average (3MMA) basis and stood at 117.1 percent of its average 2012 levels.

During April, global capacity rose by 0.3 percent and was up 3.7 percent Y/Y. As a result, capacity utilization in the global chemical industry slipped 0.1 points to 83.0 percent. This is down from 84.2 percent last April and below the long-term (1987-2017) average of 86.4 percent.

Among chemical industry segments, April results were mixed on a product basis, with gains in consumer products, bulk petrochemicals and organics, plastic resins, synthetic rubber, manufactured fibers, coatings and other specialties offset by weakness in agricultural chemicals and inorganic chemicals. Considering year-earlier comparisons, growth was strongest in manufactured fibers followed by bulk petrochemicals and organics, synthetic rubber, coatings, and plastic resins.

ACC’s 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 over 65 nations accounting for about 98 percent 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.

Global CPRI May 2019-1


Global CPRI May 2019 2

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