UK, accounting for 5. 5% of sector exports
The UK is a fairly interesting market for the German chemi-
cal industry, accounting for 5. 5% of sector exports. As a re-
sult of the depreciation of the British pound, the competitive-
ness of German companies has deteriorated abruptly.
Demand will also fall due to the economic slowdown.
•
The UK is the most important European sales market for the
German pharmaceutical industry. If domestic demand in-
creases further, Brexit would make market access more diffi-
cult if the UK decouples from the EU in regulatory terms. Ir-
respective of this, the chronically underfunded National
Health Service is likely to seek to increase the proportion of
generics, which are increasingly being produced outside
Europe.
EU Forecast
euf:b.a18b:186/nws-01