Portugal: Lactam Market 2024

Lactam Market Size in Portugal

The Portuguese lactam market reduced slightly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lactam consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Lactam Production in Portugal

In value terms, lactam production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Lactam production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Lactam Exports

Exports from Portugal

In 2022, overseas shipments of lactams from heterocyclic compounds increased by X% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, lactam exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Ghana (X tons), France (X tons) and the United States (X tons) were the main destinations of lactam exports from Portugal, together comprising X% of total exports. These countries were followed by Morocco, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average lactam export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ghana ($X 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 the UK (X%), while the prices for the other major destinations experienced a decline.

Lactam Imports

Imports into Portugal

In 2022, approx. X tons of lactams from heterocyclic compounds were imported into Portugal; surging by X% compared with 2021 figures. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lactam imports fell to $X in 2022. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of lactam imports to Portugal, together accounting for X% of total imports. The Netherlands, Ireland, Switzerland, France, Germany, the United States and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lactam suppliers to Portugal were Switzerland ($X), Ireland ($X) and Italy ($X), together comprising X% of total imports.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lactam import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, showed strong growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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