Africa: Lactam Market 2024

Lactam Market Size in Africa

The African lactam market stood at $X in 2023, surging by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Lactam Production in Africa

In value terms, lactam production rose sharply to $X in 2023 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Lactam Exports

Exports in Africa

In 2023, lactam exports in Africa soared to X tons, growing by X% against the year before. In general, exports, however, showed a significant decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, lactam exports shrank to $X in 2023. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Swaziland (X tons) and South Africa (X tons) represented the largest exporters of lactams from heterocyclic compounds in Africa, together making up X% of total exports. Kenya (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%) and Chad (X%). Morocco (X kg) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Swaziland (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Swaziland ($X) remains the largest lactam supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Chad, with a X% share.

In Swaziland, lactam exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Chad (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Lactam Imports

Imports in Africa

In 2023, purchases abroad of lactams from heterocyclic compounds decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, lactam imports shrank remarkably to $X in 2023. Over the period under review, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

South Africa represented the major importing country with an import of about X tons, which amounted to X% of total imports. Egypt (X tons) took the second position in the ranking, followed by Nigeria (X tons) and Algeria (X tons). All these countries together held approx. X% share of total imports. Togo (X tons), Morocco (X tons) and Kenya (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of lactams from heterocyclic compounds. At the same time, Togo (X%), Nigeria (X%), Kenya (X%), Egypt (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Morocco experienced a relatively flat trend pattern. Nigeria (X p.p.), Togo (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported lactams from heterocyclic compounds in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Egypt stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, waning by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lactam import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform