World - Lactams From Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Germany Expanded Lactam Imports More Than Tenfold to $6.8B in Past Decade
IndexBox has just published a new report: 'World - Lactams From Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
From 2010 to 2020, Germany boosted purchases abroad by thirteen times, from $0.5B to $6.8B, and became the world's leading lactam importer in value terms. The U.S. ($3.4B) and Italy ($1.4B) followed Germany. Most lactam supplies come to the global market from Belgium ($1.7B), Japan ($303M) and China ($367M), which became the fastest-growing lactam exporter in the past decade.
Global Imports of Lactams from Heterocyclic Compounds
Total overseas purchases of lactams from heterocyclic compounds in the world grew from 1.1M tonnes in 2019 to 1.2M tonnes in 2020. In value terms, global lactam imports rose from $19.7 to $20.8B (IndexBox estimates).
The largest lactam importing markets worldwide were Germany ($6.8B), the U.S. ($3.4B) and Italy ($1.4B), together accounting for 56% of global imports in 2020.
Over the past decade, Germany (+30.4% per year) saw the highest growth rates of the import value, while purchases for the other global leaders experienced more modest paces of growth.
In physical terms, China (280K tonnes), Taiwan (Chinese) (209K tonnes) and Germany (195K tonnes) represented the leading importers of lactams from heterocyclic compounds in the world, committing 58% of total import. They were distantly followed by Italy (105K tonnes) and India (58K tonnes), creating a 14% share of total imports. The following importers - Switzerland (49K tonnes), South Korea (48K tonnes), Slovenia (34K tonnes), Belgium (31K tonnes), Viet Nam (27K tonnes), the U.S. (21K tonnes) and Indonesia (19K tonnes) - together made up 19% of total imports.
In 2020, the average lactam import price amounted to $17,538 per tonne, approximately mirroring the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($162,254 per tonne), while Taiwan (Chinese) ($1,255 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.
World's Largest Suppliers of Lactams from Heterocyclic Compounds
Belgium ($1.7B) remains the largest lactam supplier worldwide, comprising 10% of global exports. The second position in the ranking was occupied by China ($367M), with a 2.2% share of global exports. It was followed by Japan ($303M), with a 1.6% share.
China emerged as the fastest-growing supplier of lactams from heterocyclic compounds over the past decade. From 2010 to 2020, exports from China expanded from $0.1B to $0.4B.
Source: IndexBox Platform
This report provides an in-depth analysis of the global lactam market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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