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Recently, the German Chemical Industry Association (VCI) stated that the German chemical industry is expected to experience positive development next year, and chemical production (excluding pharmaceuticals) is expected to increase by 1.
5%
.
According to VCI, sales in the chemical industry are expected to increase by 5%, domestic sales in Germany will increase by 5.
VCI said that supply chain issues and rising natural gas and electricity prices have caused many VCI members to cut production or temporarily close factories
.
It is expected that the overall situation will not ease until the summer of 2022
In 2021, German chemical production excluding pharmaceuticals rose by 4.
5%
.
Due to price increases, sales of chemicals, including pharmaceuticals, increased by 15.
In addition, Germany's new federal government announced that it would cancel the renewable energy surcharge (EEG) in early 2023 to reduce electricity prices
.
This measure will mainly help small and medium enterprises.