Chemical industry in the southwest “in crisis mode”. Baden-Württemberg associations expect a decline in sales of three percent in 2024.
The most serious risks to their development are high energy costs, labor costs and bureaucracy. The industrial electricity price in Germany is now twice as high as in France. There are also geopolitical risks and concerns about functioning supply chains. The pharmaceutical industry has so far been the sub-sector “that has come through the crisis relatively stable overall”