Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China - 2023
Contents:
- Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China (FOB) - 2022
- Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China (CIF) - 2023
- Exports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China
- Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China
Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China (FOB) - 2022
In 2022, the average export price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s amounted to $16,523 per ton, increasing by 23% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s increased by +106.9% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($42,825 per ton), while the average price for exports to Australia ($3,009 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China (CIF) - 2023
The average import price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s stood at $10,609 per ton in December 2023, rising by 24% against the previous month. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 99% against the previous month. Over the period under review, average import prices hit record highs at $142K per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($83,472 per ton), while the price for Brazil ($3,944 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China
In 2022, exports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s from China skyrocketed to 233K tons, rising by 348% against the previous year. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s skyrocketed to $3.9B in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 20.4 | 22.0 | 15.6 | 1,477 | 316.8% |
| Germany | 19.9 | 17.0 | 29.0 | 984 | 267.0% |
| Ireland | 14.5 | 38.2 | 153 | 410 | 204.7% |
| Spain | 5.7 | 6.2 | 7.3 | 159 | 203.3% |
| United States | 21.0 | 23.0 | 52.4 | 115 | 76.3% |
| India | 65.4 | 66.5 | 87.4 | 99.2 | 14.9% |
| South Korea | 32.2 | 42.0 | 75.1 | 83.2 | 37.2% |
| Japan | 25.6 | 30.7 | 50.6 | 63.6 | 35.4% |
| Taiwan (Chinese) | 8.1 | 15.0 | 20.3 | 22.8 | 41.2% |
| Netherlands | 2.4 | 2.8 | 10.5 | 22.5 | 110.9% |
| Russia | 3.5 | 4.5 | 10.0 | 20.1 | 79.1% |
| Australia | 3.6 | 4.0 | 8.6 | 10.2 | 41.5% |
| Others | 99.3 | 94.6 | 180 | 388 | 57.5% |
| Total | 322 | 366 | 700 | 3,856 | 128.8% |
Top Export Markets for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) from China in 2022:
- Belgium (71.9K tons)
- Ireland (38.1K tons)
- Germany (25.9K tons)
- South Korea (21.3K tons)
- Spain (17.1K tons)
- Japan (13.6K tons)
- India (4.8K tons)
- Taiwan (Chinese) (4.5K tons)
- Russia (3.8K tons)
- Australia (3.4K tons)
- Netherlands (2.8K tons)
- United States (2.7K tons)
Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China
For the fourth consecutive year, China recorded growth in purchases abroad of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s, which increased by 61% to 32K tons in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s soared to $244M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.7 | 21.4 | 34.7 | 63.1 | 59.0% |
| France | 12.6 | 13.6 | 32.0 | 49.1 | 57.4% |
| United States | 14.3 | 14.9 | 19.1 | 40.1 | 41.0% |
| Germany | 10.9 | 12.3 | 9.8 | 28.2 | 37.3% |
| Switzerland | 8.0 | 5.1 | 6.7 | 7.9 | -0.4% |
| Taiwan (Chinese) | 1.4 | 1.5 | 4.6 | 5.8 | 60.6% |
| Brazil | 1.4 | 1.0 | 1.3 | 2.4 | 19.7% |
| Others | 16.9 | 24.3 | 26.2 | 47.4 | 41.0% |
| Total | 81.2 | 94.1 | 134 | 244 | 44.3% |
Top Suppliers of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) to China in 2022:
- South Korea (13.7K tons)
- United States (8.0K tons)
- France (3.9K tons)
- Germany (2.2K tons)
- Taiwan (Chinese) (0.9K tons)
- Switzerland (0.9K tons)
- Brazil (0.6K tons)
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