Italian Chemical Industry Association predicts that the growth of Italian chemical production will decline in 2007
According to the Italian "24 Hours of the Sun" reported on January 24, 2007, according to the recent economic situation, the Italian Chemical Industry Association predicts that the output of Italian chemical products will increase by 1.3% in 2007, but compared to the 2.2% increase in 2006. The increase showed a downward trend.
In recent years, the global market for chemical products has been performing well. The demand in the Asian market and the production of chemical products in the United States have led to the growth of the global chemical product market. Under this environment, the development of the Italian chemical product market is somewhat sluggish. In 2005, the output of Italian domestic chemical products only increased by 0.1%. In 2006, when global GNP increased by 5%, the growth of Italian chemical product output was only 2.2%. In 2007, the forecast of the US chemical product market will slow down. However, the market for chemical products in other countries is still expanding. However, the output of Italian chemical products is greatly affected by the U.S. market, which is one of the reasons for the decline in the increase in the output of Italian chemical products in 2007.
Second, the increase in energy costs has increased the burden on the chemical product market. Almost all countries in the world are under pressure from instability in crude oil prices, but the pressure on Italy seems to be particularly evident. For example, in the two major cities of IMOLA and FAENZA in Italy, 70% of the companies are engaged in the production of enamel products, but due to the rising energy prices, they have to set up production sites in Spain because there Energy costs are lower than in Italy.
Third, the revision of the Italian environmental law is also one of the reasons for the impact of the Italian chemical industry. In order to protect the environment, individual chemical products are restricted from production, and companies comply with the provisions of the new decree. In order to improve the various conditions of the enterprise, it is estimated that it will cost a total of 9 billion euros, and 20% of Italian small chemical companies have to be high. Withdrawal of competition before costs.
In addition to the above points, the increase in labor costs is also a key point for chemical companies to consider. To increase the output of chemical products, in order to be competitive in the chemical market, the Italian chemical industry shoulders more than three mountains.
In recent years, the global market for chemical products has been performing well. The demand in the Asian market and the production of chemical products in the United States have led to the growth of the global chemical product market. Under this environment, the development of the Italian chemical product market is somewhat sluggish. In 2005, the output of Italian domestic chemical products only increased by 0.1%. In 2006, when global GNP increased by 5%, the growth of Italian chemical product output was only 2.2%. In 2007, the forecast of the US chemical product market will slow down. However, the market for chemical products in other countries is still expanding. However, the output of Italian chemical products is greatly affected by the U.S. market, which is one of the reasons for the decline in the increase in the output of Italian chemical products in 2007.
Second, the increase in energy costs has increased the burden on the chemical product market. Almost all countries in the world are under pressure from instability in crude oil prices, but the pressure on Italy seems to be particularly evident. For example, in the two major cities of IMOLA and FAENZA in Italy, 70% of the companies are engaged in the production of enamel products, but due to the rising energy prices, they have to set up production sites in Spain because there Energy costs are lower than in Italy.
Third, the revision of the Italian environmental law is also one of the reasons for the impact of the Italian chemical industry. In order to protect the environment, individual chemical products are restricted from production, and companies comply with the provisions of the new decree. In order to improve the various conditions of the enterprise, it is estimated that it will cost a total of 9 billion euros, and 20% of Italian small chemical companies have to be high. Withdrawal of competition before costs.
In addition to the above points, the increase in labor costs is also a key point for chemical companies to consider. To increase the output of chemical products, in order to be competitive in the chemical market, the Italian chemical industry shoulders more than three mountains.
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