Main industries > Chemical manufacturing >

Petrochemical manufacturing

Industry definition
Output, supply, demand
Monthly projector
Data
Deflation

Industry definition

This industry comprises establishments primarily engaged in converting feed stocks derived from petroleum, or from petroleum and natural gas liquids, into petrochemicals. Some important processes used in petrochemical manufacturing include steam cracking and steam reforming. For the purpose of defining this industry, petrochemicals consist of acyclic (aliphatic) hydrocarbons and cyclic aromatic hydrocarbons. (NAICS: 32511)

Top of Page

Output, supply, demand

Standard symbols

Top of Page

Monthly projector

Changes in constant price output are used as indicators of the growth rates in constant price value added. The movement in constant price output is assumed to be represented by the month-to-month growth rates in constant price shipments adjusted by the change in constant price inventories of goods in process (GIP) and finished products (FP).

Top of Page

Data

Current price shipments, inventory of goods in process and inventory of finished products, measured in thousands of dollars.

Source
Monthly Survey of Manufacturing,
Monthly, CANSIM table 304-0014,
Statistics Canada

Top of Page

Deflation

Deflators for shipments are weighted averages of price indexes of Principal Commodity Groups (PCG) that are produced by the industry. Weights are PCG values, obtained from annual input-output tables.

The following PCGs account for the largest weights:
(the percentage represents the PCG's relative importance)

Deflators of closing inventories of GIP and FP are moving averages of the deflator for shipments. Deflators of opening inventories are equal to deflators of closing inventories in the previous month.

Source
Industry Price Indexes,
Monthly, Catalogue no. 62-011,
Statistics Canada