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Euler Hermes is now Allianz Trade, the world leader in trade credit insurance.

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Chemicals sector 2022 outlook

After a sluggish year in 2020 on a global scale, the chemicals sector has shown good dynamism in 2021 with a rebound of +7% y/y in volume terms, and an outstanding growth of +29% y/y in value terms, reaching US$5,480bn. This performance was partly due to base effects (i.e. -5% drop in value terms registered in 2020) but also the result of sustained demand from key end-use sectors such as manufacturing, housing and farming. The war in Ukraine emerged and expectations for 2022 have been subsequently lowered to a +2.5% growth in volume. 
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Agrifood Sector 2022 Outlook

New trends in the agrifood sector have surfaced, adding on the impact of the ongoing conflict between Russia and Ukraine. Download our report today to find out risks and opportunities across APAC.

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Trade Credit Insurance

Trade credit insurance covers your receivables due within 12 months so that your cash flow is safeguarded.
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Multinational Services

Allianz Trade World Agency is a dedicated global team working specifically with multinationals.

Related News and Articles

Korea In Focus - Trade headwinds

Economic growth is set to slow to +2.2% in 2019 (after +2.7% in 2018). The first half of the year has been tough for the South Korean economy. Weak global trade growth and lingering trade uncertainties have impacted the country through lower exports and lower investment growth. We expect economic growth to pick up some speed in the second half of the year, supported by expansionary policies.  
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Macro-policies: The benefits of having buffers

Macro-policies have been appropriate so far and have helped the economy build some buffers to fight back in case of a downturn. The BOK was one of the first central banks in Asia to raise its policy rate in 2017. And the institution pursued its tightening cycle in 2018. The reasons behind this move were a relatively firm economic growth and inflation outlook, the need for reducing household debt (100% of GDP) and a continued tightening cycle in the US.
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Our aim is to help businesses become successful. Our knowledge of industries, companies and countries will help you make the right decisions and avoid risks. We offer efficient solutions for all situations, even when the business climate is challenging, working to protect your business and safeguard your corporate financial health. We provide credit insurance and other services for risk management when you trade at home or overseas. We help you collect your debts with services tailored to your needs. We provide surety to reassure business partners your contractual obligations will be met. Our proprietary data helps you select the best companies to trade with and the right terms to offer them. We examine and monitor possible credit threats to your business. Our objective is to help you avoid financial losses and fully understand the financial stability of your business partners. When you have a payment default, we manage claims to give you confidence and peace of mind, so that you can focus on developing your business.