Regional Results
|
Sales by location of company |
Sales by location of customer |
||||
|---|---|---|---|---|---|---|
|
2022 |
2021 |
+/– |
2022 |
2021 |
+/– |
Europe |
35,821 |
31,594 |
13.4% |
33,922 |
30,531 |
11.1% |
of which Germany |
15,170 |
12,722 |
19.2% |
8,977 |
7,300 |
23.0% |
North America |
24,343 |
21,935 |
11.0% |
23,869 |
20,867 |
14.4% |
Asia Pacific |
21,309 |
20,632 |
3.3% |
21,823 |
21,234 |
2.8% |
of which Greater China |
11,850 |
12,018 |
–1.4% |
11,624 |
12,036 |
–3.4% |
South America, Africa, Middle East |
5,854 |
4,437 |
31.9% |
7,712 |
5,965 |
29.3% |
BASF Group |
87,327 |
78,598 |
11.1% |
87,327 |
78,598 |
11.1% |
Europe
Sales at companies located in Europe rose by 13.4% compared with the previous year to €35,821 million. This was primarily the result of strong sales growth in the Materials and Chemicals segments. The Nutrition & Care and Agricultural Solutions segments and Other also recorded considerably higher sales. Sales rose slightly in the Industrial Solutions segment but declined considerably in the Surface Technologies segment.
The sales increase was mainly attributable to higher prices in all segments. Sales growth was supported by currency effects. Lower sales volumes in all segments except Agricultural Solutions had an offsetting effect. Sales performance was also impacted by negative portfolio effects, particularly in the Industrial Solutions segment following the divestiture of the global pigments business in the previous year.
North America
Sales at companies based in North America rose by 11.0% to €24,343 million compared with 2021. In local currency terms, they were 1.0% below the prior-year figure. The positive sales development was mainly attributable to considerable sales growth in the Materials and Agricultural Solutions segments. Sales were also considerably higher in the Industrial Solutions segment, in Other and in the Chemicals and Nutrition & Care segments. Only the Surface Technologies segment posted a strong decrease.
In addition to positive currency effects, substantial price increases in almost all segments contributed to sales growth. This more than compensated for significantly lower precious metal prices in the Surface Technologies segment. Sales were reduced by lower volumes, mainly driven by the decline in precious metal trading in the Surface Technologies segment. Slightly negative portfolio effects also impacted sales performance in the region. This mainly resulted from the divestiture of the global pigments business in the Industrial Solutions segment.
Asia Pacific
Sales at companies headquartered in the Asia Pacific region were 3.3% above the prior-year figure, at €21,309 million. In local currency terms, sales declined by 2.8%. This was mainly due to considerable sales growth in the Materials, Nutrition & Care, Industrial Solutions and Agricultural Solutions segments. The Surface Technologies segment achieved slightly higher sales. The Chemicals segment recorded a considerable decline in sales. In Greater China, sales decreased by 1.4% to €11,850 million.
Sales growth in the region was driven by positive currency effects and portfolio effects following the formation of BASF Shanshan Battery Materials in the Surface Technologies segment. Higher prices, mainly in the Industrial Solutions, Nutrition & Care and Materials segments, also contributed to the sales increase. Recurring production and supply chain disruptions resulting from the long-running, strict zero-COVID policy in China hampered sales development in the region and led to a considerable decline in volumes, especially in the Surface Technologies and Chemicals segments.
South America, Africa, Middle East
Sales at companies located in South America, Africa and the Middle East rose by 17.0% in local currency terms and by 31.9% in euros to €5,854 million. All segments recorded strong sales growth, especially Agricultural Solutions.
The positive sales development was primarily due to significantly higher prices and clearly positive currency effects in all segments. Sales growth was supported by slightly higher volumes overall, mainly driven by the Industrial Solutions, Nutrition & Care and Surface Technologies segments.