EU: Lactam Market 2024

Lactam Market Size in the EU

In 2022, the EU lactam market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lactam Production in the EU

In value terms, lactam production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

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Lactam Exports

Exports in the EU

Lactam exports surged to X tons in 2022, increasing by X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, lactam exports surged to $X in 2022. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons) and Ireland (X tons) represented roughly X% of total exports in 2022. Germany (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%). The Czech Republic (X tons), Spain (X tons) and Poland (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Ireland ($X) remains the largest lactam supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In Ireland, lactam exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Lactam Imports

Imports in the EU

In 2022, lactam imports in the European Union skyrocketed to X tons, rising by X% on the previous year. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lactam imports surged to $X in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Ireland was the main importer of lactams from heterocyclic compounds in the European Union, with the volume of imports recording X tons, which was near X% of total imports in 2022. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%). Belgium (X tons) held a minor share of total imports.

Ireland was also the fastest-growing in terms of the lactams from heterocyclic compounds imports, with a CAGR of X% from 2012 to 2022. At the same time, Germany (X%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Ireland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.), Germany (X p.p.) and Italy (X p.p.) displayed negative dynamics.

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

In Germany, lactam imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ireland (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed strong growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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