Industrial chemical industry data shows strong performance compared to 2016

On December 12, the Chemistry Industry Association of Canada (CIAC) released its  Industrial Chemical Industry: Performance Snapshot – Third Quarter of 2017 report.  Overall, industrial chemicals experienced stronger performance than for the same period in 2016, but growth was weaker compared to the first half of 2017. 

Key highlights:

  • Industrial chemical shipments increased by 6 per cent over the first three quarters of 2017, driven by strong growth in petrochemicals, organic chemicals and inorganic chemicals. Only synthetic resins showed a decline in shipments;
  •  Rail car shipments increased by 2 per cent between the first half and third quarter;
  • Exports for industrial chemicals after three quarters were  similar to 2016 exports. Growth in petrochemicals surged compared to the same period in 2016; other organic chemicals increased,  while inorganic chemicals and synthetic resin exports decreased; and
  • Industrial chemical GDP dropped 6 per cent in the third quarter.

Read previous reports for Q1 and Q2. Keep an eye out for Q4 stats as part of our Chemistry Industry Economic Profile 2018, available in the new year.