In 2022, global chemical consumption was valued at an estimated 7.5 trillion euros, marking a significant rise from the 1.96 trillion euros recorded in 2004. This substantial increase reflects the growing demand for chemicals in various industries, including pharmaceuticals, agriculture, and manufacturing.
Total global chemical consumption value from 2004 to 2022
(in billion euros)
Characteristic
Chemical consumption in billion euros
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Total chemical industry, including pharmaceuticals.
Supplementary notes
According to the source, the formula for chemical consumption consists of the following components: consumption = revenue - export + import.
This statistic has been assembled using several editions of the report.
VCI stands for "Verband der Chemischen Industrie" (German Association of the Chemical Industry).
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VCI. (September 29, 2023). Total global chemical consumption value from 2004 to 2022 (in billion euros) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1448686/chemical-consumption-value-worldwide/
VCI. "Total global chemical consumption value from 2004 to 2022 (in billion euros)." Chart. September 29, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1448686/chemical-consumption-value-worldwide/
VCI. (2023). Total global chemical consumption value from 2004 to 2022 (in billion euros). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1448686/chemical-consumption-value-worldwide/
VCI. "Total Global Chemical Consumption Value from 2004 to 2022 (in Billion Euros)." Statista, Statista Inc., 29 Sep 2023, https://www.statista.com/statistics/1448686/chemical-consumption-value-worldwide/
VCI, Total global chemical consumption value from 2004 to 2022 (in billion euros) Statista, https://www.statista.com/statistics/1448686/chemical-consumption-value-worldwide/ (last visited July 22, 2024)
Total global chemical consumption value from 2004 to 2022 (in billion euros) [Graph], VCI, September 29, 2023. [Online]. Available: https://www.statista.com/statistics/1448686/chemical-consumption-value-worldwide/