Denmark: Lactam Market 2024

Lactam Market Size in Denmark

In 2023, the Danish lactam market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Lactam Production in Denmark

In value terms, lactam production fell notably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Lactam Exports

Exports from Denmark

Lactam exports from Denmark reached X tons in 2023, remaining stable against the previous year. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, lactam exports rose sharply to $X in 2023. Overall, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for lactam exports from Denmark, accounting for a X% share of total exports. Moreover, lactam exports to Sweden exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Finland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Finland (X% per year).

In value terms, Sweden ($X) remains the key foreign market for lactams from heterocyclic compounds exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the average lactam export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Latvia ($X per ton) and the United States ($X per ton), while the average price for exports to Sweden ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into Denmark

In 2023, approx. X tons of lactams from heterocyclic compounds were imported into Denmark; picking up by X% compared with the previous year's figure. In general, imports continue to indicate a mild expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, lactam imports dropped sharply to $X in 2023. Overall, imports, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of lactam to Denmark, accounting for a X% share of total imports. Moreover, lactam imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of lactams from heterocyclic compounds to Denmark, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

Import Prices by Country

The average lactam import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform