In 2023, global chemical consumption was valued at an estimated 7.2 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 2023
(in billion euros)
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 30, 2024). Total global chemical consumption value from 2004 to 2023 (in billion euros) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1448686/chemical-consumption-value-worldwide/
VCI. "Total global chemical consumption value from 2004 to 2023 (in billion euros)." Chart. September 30, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1448686/chemical-consumption-value-worldwide/
VCI. (2024). Total global chemical consumption value from 2004 to 2023 (in billion euros). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1448686/chemical-consumption-value-worldwide/
VCI. "Total Global Chemical Consumption Value from 2004 to 2023 (in Billion Euros)." Statista, Statista Inc., 30 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1448686/chemical-consumption-value-worldwide/
VCI, Total global chemical consumption value from 2004 to 2023 (in billion euros) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1448686/chemical-consumption-value-worldwide/ (last visited November 10, 2024)
Total global chemical consumption value from 2004 to 2023 (in billion euros) [Graph], VCI, September 30, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1448686/chemical-consumption-value-worldwide/
