Russian Federation: Lactam Market 2024

Lactam Market Size in the Russian Federation

In 2022, the Russian lactam market increased by X% to $X, rising for the second consecutive year after five years of decline. Overall, consumption recorded a relatively flat trend pattern. Lactam consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Lactam Production in the Russian Federation

In value terms, lactam production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Lactam Exports

Exports from the Russian Federation

After six years of growth, overseas shipments of lactams from heterocyclic compounds decreased by X% to X tons in 2022. Overall, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, lactam exports reached $X in 2022. In general, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and Vietnam (X tons) were the main destinations of lactam exports from Russia, together accounting for X% of total exports. Indonesia, India, Slovenia and Turkey lagged somewhat behind, together comprising 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lactam exported from Russia were Taiwan (Chinese) ($X), China ($X) and Vietnam ($X), with a combined X% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lactam export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to China ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into the Russian Federation

In 2022, approx. X tons of lactams from heterocyclic compounds were imported into Russia; which is down by X% compared with 2021 figures. Over the period under review, imports showed a noticeable contraction. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, lactam imports soared to $X in 2022. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lactam to Russia, accounting for a X% share of total imports. Moreover, lactam imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the largest lactam suppliers to Russia were China ($X), the Czech Republic ($X) and Poland ($X), with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, saw 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

In 2022, the average lactam import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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