Regional Results
|
Sales by location of company |
Sales by location of customer |
||||
|---|---|---|---|---|---|---|
|
2021 |
2020 |
+/– |
2021 |
2020 |
+/– |
Europe |
31,594 |
24,223 |
30.4% |
30,531 |
23,129 |
32.0% |
North America |
21,935 |
16,440 |
33.4% |
20,867 |
15,709 |
32.8% |
Asia Pacific |
20,632 |
14,895 |
38.5% |
21,234 |
15,406 |
37.8% |
of which Greater China |
12,018 |
8,433 |
42.5% |
12,036 |
8,463 |
42.2% |
South America, Africa, Middle East |
4,437 |
3,591 |
23.5% |
5,965 |
4,905 |
21.6% |
BASF Group |
78,598 |
59,149 |
32.9% |
78,598 |
59,149 |
32.9% |
Europe
Sales at companies located in Europe rose by 30.4% year on year to €31,594 million. This was primarily due to considerably higher sales in the Chemicals and Materials segments. The Surface Technologies segment, Other and the Industrial Solutions and Nutrition & Care segments also posted considerable sales growth, while the Agricultural Solutions segment saw a slight increase in sales.
Sales growth was driven by higher prices and volumes in all segments and in Other. Prices rose especially for steam cracker products in the Chemicals segment, for isocyanates in the Materials segment, and as a result of higher precious metal prices in the Surface Technologies segment. Sales volumes increased, especially in the Materials, Surface Technologies, Industrial Solutions and Chemicals segments. Volume development was however negatively impacted by raw materials shortages, the semiconductor deficit in the automotive market and the associated production and supply chain disruptions. Sales were reduced by negative currency effects, mainly in the Surface Technologies segment. Sales performance was also weighed down by portfolio effects, particularly in the Industrial Solutions segment following the divestiture of the global pigments business.
North America
Sales at companies located in North America rose by 33.4% to €21,935 million in 2021. In local currency terms, they were 38.5% above the prior-year figure. Sales growth was mainly driven by considerably higher sales in the Surface Technologies and Chemicals segments. The Materials segment, Other and the Industrial Solutions segment also achieved considerably higher sales. Sales rose slightly in the Agricultural Solutions and Nutrition & Care segments.
Sales growth was mainly due to significantly higher price levels, especially in the Surface Technologies segment due to a significant increase in precious metal prices, and in the Chemicals segment, particularly for propylene and butadiene. Higher volumes supported sales performance in all segments. Volume development was however negatively impacted by extreme weather conditions, the semiconductor shortage in the automotive market and the resulting production and supply chain disruptions. Negative currency effects had an offsetting effect. Sales were reduced by portfolio effects, mainly driven by the divestiture of the global pigments business in the Industrial Solutions segment.
Asia Pacific
Sales at companies headquartered in the Asia Pacific region were 38.5% above the 2020 figure, at €20,632 million. In local currency terms, sales likewise rose by 38.5%. The increase in sales was primarily driven by growth in Greater China, where sales rose by 42.5% in euros to €12,018 million. All segments improved sales in the region compared with the prior year, but especially the Surface Technologies, Materials and Chemicals segments.
The sales performance was primarily the result of higher prices, particularly in the Surface Technologies, Chemicals and Materials segments. Higher volumes in all segments contributed to the increase in sales. Raw material shortages, the semiconductor deficit in the automotive market and the associated production and supply chain disruptions also hampered sales performance in Asia Pacific. Overall, portfolio measures had a positive impact on sales development, especially in Greater China and in the Surface Technologies segment following the formation of BASF Shanshan Battery Materials Co., Ltd.
South America, Africa, Middle East
Sales at companies located in South America, Africa, Middle East rose by 23.5% to €4,437 million. In local currency terms, they were 31.0% above the prior-year level. Sales growth was primarily attributable to considerably higher sales in the Agricultural Solutions, Surface Technologies, Chemicals and Materials segments. The Industrial Solutions and Nutrition & Care segments also recorded higher sales.
The sales increase was mainly driven by higher prices, especially in the Surface Technologies, Agricultural Solutions and Chemicals segments. All segments significantly increased volumes despite supply chain disruptions caused by raw materials shortages. Negative currency effects had an offsetting impact in all segments.