Energy intensity and energy type differ between the four industries analysed. For example, energy costs in the chemical industry amount to more than 77 percent of value added, while in the restaurant industry this ratio is 12.5 percent. The chemical industry uses a lot of crude oil and natural gas. The transportation industry mainly uses petroleum products, such as vehicle fuel.
| Chemical industry | 51.9 | 40.0 |
|---|---|---|
| Catering industry | 42.5 | 37.3 |
| agriculture | 40.1 | 43.1 |
| Transfer | 32.8 | 23.7 |
| The entire economy (except energy production industries) |
29.8 | 37.3 |
| *Temporary numbers | ||
Production increased more than costs
The profit rate increased because industries absorbed the increased costs by increasing sales or rising selling prices. In the restaurant industry, the strong increase in production was mainly due to consuming more compared to 2019, while companies deployed fewer employees. Therefore, the increase in costs, including energy, was absorbed by selling more. In the transportation and chemicals sector, higher cost prices were passed on to the customer.
| Chemical industry | production | 2.8 | 50.9 |
|---|---|---|---|
| Chemical industry | Cost items | 1.4 | 50.5 |
| Transfer | production | 5.1 | 24.5 |
| Transfer | Cost items | 5.3 | 19.8 |
| agriculture | production | -1.4 | 24.8 |
| agriculture | Cost items | 0.3 | 27.8 |
| Catering industry | production | 5.2 | 14.7 |
| Catering industry | Cost items | -0.6 | 18.5 |
| The entire economy (except energy production industries) |
production | 5.7 | 14.1 |
| The entire economy (except energy production industries) |
Cost items | 5.0 | 15.3 |
| *Temporary numbers | |||
Increased costs across the board
Costs for industries have not only increased due to rising energy costs. In most industries, other materials and services contributed the most to increased costs. Materials and services are an important input into the production process for many industries. Therefore, higher prices for materials and services have a significant impact on total costs.
The four most energy-intensive industries saw labor spending increase at a lower rate than the economy as a whole. The restaurant industry even had lower labor inputs in 2022 than in 2019. Because of the increase in wages, labor costs in this industry increased.
| Chemical industry | 38.8 | 0.6 | 12.1 | 0.4 |
|---|---|---|---|---|
| agriculture | 17.4 | 1.7 | 6.7 | 2.3 |
| Transfer | 15.7 | 2.7 | 6.2 | 0.4 |
| Catering industry | 11.6 | 3.4 | 4.9 | -2.1 |
| The entire economy (except energy production industries) |
11.9 | 4.7 | 2.2 | 1.4 |
| *Temporary numbers | ||||
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