31% excess capacity in Europe in 2012, probably even more in 2013
 

Production capacity in Europe in 2012 31% higher compared to actual production, in all plants on the continent (including Turkey, Russia, Ukraine).


This figure is one of the worst in ten years, since only 2009 (the peak of the financial crisis) had experienced an even poorer outcome (38% of non-employed capacity) over the past ten years.


The skill levels of European plants that can be seen in the document below include plant openings and plant closures, and also include reductions in capacity or capacity increases implemented in some existing plants .


With the decline of the European market in 2013, which is not compensated by a sufficient increase in exports outside of Europe, it is likely that the rate of use of European plants will decline further down probably to approximately 65 %.


The year 2014 should be more promising, because on one hand the European market should restart (after four years of decline) and on the other hand three plants are going to close in Europe (Bochum, Aulnay, Genk), which will naturally  generate a reduction in installed capacity.

13-23-10

Data source: File #101 - Worldwide production detailed by models

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