The figures shown are illustrative and represent a historical sample from Intratec Industry Economics Worldwide. For up-to-date monthly data on key factors impacting the costs of commodity manufacturing across up to 33 countries, subscribe to Intratec Industry Economics Worldwide.
Data Use
The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in China and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics & Competitiveness. To better understand data provided check Industry Economics & Competitiveness Methodology .
Data Delivery Methods
IC Indexes are available via different delivery methods:
- Online charts
- Directly into Excel (using Intratec Add-in)
- Power BI dashboards
- Web API (to facilitate integration with existing workflows)
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About IC Indexes
IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About China Manufacturing Industry
China's economy is the second-largest in the world, known for its rapid industrialization, expansive manufacturing base, and significant role in global trade. Over the past few decades, China has transformed into the "world's factory," with a manufacturing sector that is unparalleled in scale and diversity. This sector plays a critical role in driving the country's GDP, employment, and export revenues.
China's manufacturing prowess spans a wide range of industries, including electronics, machinery, textiles, and automotive. The country's competitive advantage is built on factors such as a vast and skilled labor force, extensive supply chains, and significant investment in infrastructure and technology. Additionally, China's focus on innovation is growing, with increasing investments in research and development, particularly in high-tech industries like robotics, artificial intelligence, and renewable energy.
As China continues to navigate global economic challenges and pursue its goal of becoming a leader in advanced manufacturing, its industrial sector remains the cornerstone of its economy. The country's ongoing efforts to upgrade its manufacturing capabilities and embrace digital transformation ensure that China will maintain its position as a dominant force in the global economy for years to come.
