Chemicals & Specialty Materials Q4 2023
Q4 2023 Price & Volume Trends by Sub-Sector
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Chemicals & Specialty Materials Q4 2023 Earnings Summary
Fourth quarter in a row of organic sales declines
- The Chemicals industry has now seen four straight quarters of organic sales declines
- Prices declined across the board and the sector has now given up most (if not all) of the price gains achieved in 2022 with organic pricing down (14.0%) during Q4 2023
- Volume trends remain weak, however, we did see a modest uptick of 2.5% (with TiO2 skewing the numbers higher)
- Cynics might suggest that things were so bad in Q4 2022 that it's an easier comp or that prices have fallen so low that it was bound to stimulate demand
- We take (or hope for) the optimistic view that the sector has hit bottom and will revert to modest and sustainable growth... time will tell
Price: YoY Δ
Volume: YoY Δ
Organic Growth: YoY Δ
Sources: Capital IQ, Company filings
For additional details and a breakout by sub-sector, please download the full report here
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