Chemicals & Specialty Materials Industry Update Q3 2023
Q3 2023 Price & Volume Trends by Sub-Sector
Chemicals & Specialty Materials Q3 2023 Earnings Summary
Price decreases intensified in Q3 2023
- Performance continued to deteriorate in Q3 2023 with overall organic growth declining by (17.0%) versus Q3 2022
- Unlike the prior three quarters, pricing was the key factor contributing to deteriorating performance. Prices declined (14.2%) over the prior year with declines in all sub-sectors (except Coatings & Adhesives)
- Price decreases continued to intensify in Fertilizers and Commodities as input costs dropped from the high levels observed in the previous year
- While Coatings & Adhesives players were able to push through price increases, the rate of change has clearly slowed
- The decline in year-over-year volume was not as pronounced in Q3 2023 (down (2.8%) on average)
- Agchems & Fertilizers bucked the downtrend along with Minerals & Inorganics
Price: YoY Δ
Volume: YoY Δ
Organic Growth: YoY Δ
For additional details and a breakout by sub-sector, please download the full report here
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