Hokkaido has compiled the results of a survey on the impact of soaring crude oil and raw materials prices on business owners in Hokkaido. 100% of enterprises in the construction industry responded that the high crude oil price... from January to March will affect the management of enterprises. It is 3.3 points higher than the previous survey (October-December 2022) and 4.3 points higher than the industry average. 100% in construction and manufacturing. Fuel accounts for nearly 90% of impact items.
The situation as of March 31 is summarized as a special survey of company managers' perception survey conducted quarterly on the road. 546 companies responded, 92 of which are in the construction industry.
Regarding the impact of higher crude oil and raw material prices on management, 45.5% of industries responded with "significant impact" (up 1.2 percentage points compared to the previous survey) and 32.0% responded with “impact”. 18.2% (down 2.4 points) and 95.7% companies (up 0.3 points) responded that they had "some impact".
Of these, in the construction sector, 46.2% (up 12.9 points) think there will be “significant impact”, with 33.0% (4.6 points down) and 20.8% ( down 5.0 points) said “Having an impact”, and all companies responded “Having an impact.”
In the group of products affecting management (allowing to answer many questions), "fuels such as heavy oil, kerosene, gasoline" accounted for the most with 89.7% (up 1.1 points), followed by "fuels such as heavy oil, kerosene, gasoline" accounting for the most. followed by petroleum products with 38.1% (down 1.2 points), steel 23.3% (up 1.9 points), wood 13.7% (up 1.4 points).
Regarding price pass-through, 4.6% of respondents will transmit at all costs (down 0.4 points), 11.2% of respondents will transmit at least 80% (up 1.1 points) and 11 .2% replied that the cost price transmission will be 50% or more and less than 80%. 16.1% (down 1.1 points), 28.8% (up 1.9 points) passed less than 50% and 31.9% (0.6 points) passed above 50%. 35.0% (down 0.7 points) of enterprises "need but have not done".
In which, the construction industry had 3.3% (unchanged) "passed all", 17.6% (up 4.3 points) "passed from 80% or more", and 18.6% "passed from 50" % to less than 80%” .7% (down by 2.4 points), 28.6% (down by 0.8 points) for "get below 50%", 28.6% (down by 0.3 points) for "need" necessary but not at all", 3.3% (down 2.3 points) said they do not transfer costs because they are not necessary.
For measures to minimize the impact on businesses (multiple answers are allowed), 39.6% think that it will "save crude oil and raw materials" (decreased by 0.5 points) and "increase more product costs” (up 0.4 points). except crude oil and raw materials” is the most popular answer, at 35.0% (up 0.1 points) and these three items all exceed the 30% threshold.
