Industry Analysis & Industry Trends
Products from the Organic Chemical Material Manufacturing Industry in China are widely used in many downstream industries and the industry's performance is closely related to the country's economic performance. The economic slowdown in China and around the world in 2009 reduced demand for raw materials such as organic chemical materials in many manufacturing industries. Product prices in this industry also declined in 2009 due to lower demand and oil prices.
The industry's exports declined significantly in 2009, by 33.5% to $19.67 million, representing 21.7% of industry revenue. This sharp decrease was caused by weaker foreign demand and lower product prices.... purchase to read more
Industry Report - Industry Analysis Chapter
Industry revenue
Industry revenue is estimated to increase at an annualized rate of 23.2% in the five years to 2011, with a 30% increase to $156.1 billion in the current year (constant 2011 dollars).
With the worldwide economic recovery, this industry rebounded strongly in 2010 and 2011. Due to greater foreign demand and rising product prices, the industry's exports increased strongly by 25.1% to $24.6 billion in 2010, despite a major decline of 33.5% in 2009. During the first half of 2011, China's economy kept increasing steadily and demand for organic chemical materials from downstream industries expanded accordingly... purchase to read more