Chemical sector recovers pre-crisis levels and accumulates 15% growth in 2010
El sector químico recupera los niveles anteriores a la crisis y acumula un crecimiento del 15% en 2010
Chemical sector recovers pre-crisis levels and accumulates 15% growth in 2010
According to Javier Peñas, professor at the University of Navarra, exports in the sector make it possible to speak of the end of the crisis.
Luis Serrano, president of the Spanish Industry Business Federation Chemistry , presented at the last General Assembly the outlook for the performance of the chemical sector in 2011. The estimates are positive, as they point to the sustained recovery of the sector in 2010, and even the forecast of reaching maximums in 2011 in significant parameters such as turnover and exports.
However, Serrano also pointed out the need to be cautious, since the sector's recovery is largely based on its excellent performance in foreign markets, while domestic demand and consumption continue to show alarming signs of weakness.
This trend is endorsed by Professor Javier Peñas, from the School of Sciences of the University of Navarra, who considers that "the Spanish industry Chemistry seems to be at the end of the crisis, recovering a large part of the loss of activity suffered during the last two years. This improvement is mainly based on the increase in exports. In fact, foreign trade sales forecasts point to over 23,000 million euros this year, just over 17% more than in 2009, and which will grow almost another 17% more for 2011".
"Thinking about the employment rate of our graduates at Chemistry, this news is undoubtedly positive. It should be borne in mind that the chemical sector directly employs some 130,000 workers in Spain, with indirect jobs estimated at approximately three times that figure," says Professor Peñas.