Canadian Industry Statistics (CIS)
Manufacturing Costs
Petrochemical Manufacturing (NAICS 32511)
Under this topic you will find a breakdown of manufacturing costs by
category for the Canadian Petrochemical Manufacturing (NAICS 32511)
industry. This information can be used as a benchmark against your
manufacturing costs and can help you to identify trends in particular expense
categories.
In general, the three most important categories for manufacturing costs
are:
- cost of materials and supplies;
- cost of energy, water and vehicle fuel; and
- production worker wages.
Manufacturing costs in the Petrochemical Manufacturing industry were dominated in 2007 by
the costs of materials and supplies. Considering these costs are the major
factor in its manufacturing activities, this industry is vulnerable to any
fluctuation in the prices of materials and supplies.
Manufacturing costs in the Petrochemical Manufacturing industry were dominated in 2007 by the
costs of fuel and electricity. Considering these costs are the major factor in
its manufacturing activities, this industry is vulnerable to any fluctuation
in the prices of energy, water and vehicle fuel.
Manufacturing costs in the Petrochemical Manufacturing industry were dominated in 2007 by
the costs of labour. Considering these costs are the major factor in its
manufacturing activities, this industry is vulnerable to any fluctuation in
salaries and wages.
Manufacturing Costs by Category: 2007
Petrochemical Manufacturing (NAICS 32511)
The costs of materials and supplies (for manufacturing activities)
increased from $1.5 billion in 1998 to
$6.0 billion in 2007, or at a compound annual growth rate of
15.0%. Between 2006 and 2007 materials and supplies costs
increased 10.6%.
In 2007 production wage costs reached $90.8 million
while energy, water and vehicle fuel costs were $469.4
million.
Manufacturing Costs by Category: 1998-2007
Petrochemical Manufacturing (NAICS 32511)
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Total cost of energy, water utility and vehicle fuel was introduced
as a new variable in the Annual Survey of Manufactures and Logging beginning in
2004. In previous years, data for a similar variable, Cost of fuel and
electricity were published. In Canadian Industry Statistics these
variables are treated as a continuous variable, but readers should use caution
when interpreting trends, especially between 2003 and 2004, as the two measures
are not strictly comparable. The degree to which this conceptual change affects
the data will vary between industries.
The cost of energy, water and vehicle fuel increased from
$100.7 million in 1998 to $469.4 million in
2007, or at an average rate of 16.6% per year. Over the course of
the most recent year, a 9.8% decrease was observed.
Cost of Energy, Water and Vehicle Fuel: 1998-2007
Petrochemical Manufacturing (NAICS 32511)
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The data in this section come from Statistics Canada's Annual Survey of Manufactures and
Logging. Data are available for the years 1998-2007.
Due to methodological changes to the Annual Survey of Manufactures and
Logging (summarized in the Data
Sources section of this site), caution should be used when interpreting
trends in the data presented below.
The salaries and wages expense category is analysed in greater detail in the
salaries and wages section of
Canadian Industry Statistics. For information on manufacturing
outputs, visit the manufacturing
production section.