Chemical products
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Chemical products industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
The Chemical Manufacturing subsector is based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. This subsector distinguishes the production of basic chemicals that comprise the first industry group from the production of intermediate and end products produced by further processing of basic chemicals that make up the remaining industry groups.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had decreased 0.3 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry decreased 0.7 percent.
- Prices increased 10.6 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had increased 0.1 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.1 percent.
- Costs increased 9.5 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 60.1% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Utilities sector. Costs associated with this sector increased 9.6%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Manufacturing | 60.1% | -0.2% |
| Labor | 17.6% | -1.3% |
| Management of Companies and Enterprises | 5.1% | -0.4% |
| Professional, Scientific, and Technical Services | 3.5% | +0.3% |
| Utilities | 2.5% | +9.6% |
To download this data, or to learn more about how demand for this industry is measured, please contact us.
- As of July 2019, demand for this industry had increased 3.1 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 10.5 percent.
- Costs increased 6.9 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 40.7% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Exports sector, where demand increased 47.9%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 40.7% | +6.3% |
| Manufacturing | 26% | +4.5% |
| Exports | 16.7% | +47.9% |
| Health Care and Social Assistance | 5% | +3.1% |
| Public Administration | 3.1% | +2.4% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU325---325---.
- Costs measured from January 2020
- Demand measured from July 2019
