Regional Results
|
Sales by location of company |
Sales by location of customer |
||||
|---|---|---|---|---|---|---|
|
2023 |
2022 |
+/– |
2023 |
2022 |
+/– |
Europe |
27,631 |
35,821 |
–22.9% |
26,022 |
33,922 |
–23.3% |
of which Germany |
11,449 |
15,170 |
–24.5% |
6,833 |
8,977 |
–23.9% |
North America |
19,003 |
24,343 |
–21.9% |
18,833 |
23,869 |
–21.1% |
Asia Pacific |
17,142 |
21,309 |
–19.6% |
17,520 |
21,823 |
–19.7% |
of which Greater China |
9,427 |
11,850 |
–20.4% |
9,366 |
11,624 |
–19.4% |
South America, Africa, Middle East |
5,126 |
5,854 |
–12.4% |
6,527 |
7,713 |
–15.4% |
BASF Group |
68,902 |
87,327 |
–21.1% |
68,902 |
87,327 |
–21.1% |
Europe
Sales at companies located in Europe declined by 22.9% to €27,631 million compared with the previous year. This was primarily due to a sharp decline in sales in the Chemicals and Materials segments. Sales also declined significantly in the Surface Technologies, Industrial Solutions and Nutrition & Care segments and in Other. Conversely, the Agricultural Solutions segment recorded a considerable increase in sales.
The decline in sales in Europe was attributable in particular to lower volumes related to reduced demand in all segments. Considerably lower prices, mainly in the Materials, Chemicals and Surface Technologies segments, contributed to the decline in sales. Higher prices in the Agricultural Solutions segment and in the Coatings division had an offsetting effect. Negative currency effects in all segments and portfolio effects, especially in the Industrial Solutions segment, had a slightly negative impact on sales.
North America
Sales at companies located in North America declined by 21.9% to €19,003 million compared with 2022. In local currency terms, they were 20.2% below the prior-year figure. This was mainly due to significantly lower sales in the Surface Technologies segment. Chemicals, Materials, Other, Industrial Solutions and Nutrition & Care also recorded considerable declines in sales. In the Agricultural Solutions segment, sales decreased slightly.
Lower prices driven by raw materials costs in the Chemicals segment and lower precious metal prices in Surface Technologies were the main factors affecting sales performance in North America. In addition, lower sales volumes in all segments as a result of weak demand reduced sales. Currency effects had a slightly negative impact on sales. In addition, sales were reduced by slightly negative portfolio effects, especially in the Industrial Solutions segment following the sale of the kaolin minerals business as of September 30, 2022.
Asia Pacific
Sales at companies located in Asia Pacific declined by 19.6% compared with the previous year to €17,142 million. In local currency terms, sales declined by 14.0%. This was largely due to a considerable decline in sales in the Surface Technologies segment. Sales in the Materials, Chemicals, Industrial Solutions and Nutrition & Care segments were also significantly below the prior-year figure. In the Agricultural Solutions segment, sales decreased slightly.
The sales performance was primarily the result of lower price levels, particularly in the Surface Technologies, Chemicals and Materials segments. In addition, currency effects dampened sales performance. The decline in sales volumes was primarily driven by the Catalysts division in the Surface Technologies segment. Chemicals and Materials increased volumes slightly; the same was true for the Coatings and Nutrition & Health divisions. Portfolio effects, particularly in the Industrial Solutions segment, reduced sales slightly.
South America, Africa, Middle East
Sales at companies located in South America, Africa and the Middle East decreased by 7.6% in local currency terms and by 12.4% in euros to €5,126 million. Almost all segments recorded considerably lower sales. The Surface Technologies segment improved sales slightly.
Lower sales volumes overall and negative currency effects were the main reasons for the decline in sales in the region. Considerable volume growth in Surface Technologies was unable to offset the negative volume development in the other segments. Slightly lower prices overall also weighed down sales performance, despite the price increases in Agricultural Solutions and Surface Technologies.