Doing Business in the Czech Republic 2017

D o i n g B u s i n e s s i n t h e C ze c h R e p u bl ic I I. C ze c h In du s tr y

CHEMICAL INDUSTRY  GOOD RESULTS IN RUBBER AND PLASTICS PROCESSING The results of the Czech chemical industry in 2015 were aected by the development of both external and internal factors. The exogenous factors included especially the continuation of the positive trends in the European and global economies, and low crude oil prices. Internal factors mainly comprised the accident of the ethylene unit in ZåluŞí in August 2015. The domestic consumption of chemical industry products decreased year-on-year in 2015 by 2 % to CZK 712.7 bn (in 2014 – CZK 727.1 bn). Turnover is given by sales for domestic trade and export. Production volume can be derived from constant price sales dynamics.

RESULTS: ď Žď€ T ď€ he highest dynamic in 2015 (in cur-

rent prices) was reached in the pharmaceutical industry (in current price index = 107.2) and in rubber and plastics products (+5.7 %). The decrease was huge in petroleum refining (index = 64.5), and in rubber and plastics processing CZ Nace 22 was also high (+5.7 %). Because of the accident in ZĂĄluŞí and a lower domestic demand, the sales of the chemical industry decreased by 6.2 % and in petroleum refining by 35.5 %. However, in the manufacturing industry, the dynamics were high – increasing by 4.2 %. ď Žď€ T ď€ he aggregation of rubber and plastics products was for many years a very dynamic sector, but in 2009 decreased because of lower demand and lower sales in automotive tyres, plastic parts, the electrical industry, construction, etc. The decrease of sales in 2009 was more moderate than in other sectors (excluding

pharma). In 2010, sales increased by almost 13 % and in 2011 by 7 %.

This trend did not continue in 2012, mainly due to problems in the automotive and electrical industries. The dynamic was only 0.1 %, but in 2013, an increase by 2.8 % was registered, in 2014 by 10.8 % and in 2015 by 5.7 %.

KEY INDICATORS OF CZECH CHEMICAL INDUSTRY IN 2015 Indicator

Index 15/14 % Chemical Manufacturing Industry Industry

Unit

2014

2015

Sales (current prices)

CZK bn

603.9

561.0

92.9

104.2

Number of employees

Thous. persons

115.7

120.4

104.1

103.2

Export

CZK bn

438.4

435.2

99.2

107.3

Import

CZK bn

561.7

587.0

104.5

115.1

Book value added

CZK bn

128.9

139.2

108.0

110.4

The Czech chemical industry includes the following aggregations: ď Žď€ petroleum refining (CZ Nace 192), ď€ ď Žď€ chemicals and pharmaceuticals (CZ Nace 20 and CZ Nace 21), ď€ ď Žď€ rubber and plastics processing (CZ Nace 22). ď€ In 2015, the share of chemicals in the processing industry decreased in two key indicators (sales and export). The share of the sales of the

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2017

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