Singapore: Lactam Market 2024

Lactam Market Size in Singapore

The Singaporean lactam market soared to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a buoyant expansion 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Lactam Production in Singapore

In value terms, lactam production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Lactam Exports

Exports from Singapore

In 2022, the amount of lactams from heterocyclic compounds exported from Singapore surged to X tons, with an increase of X% compared with 2021. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, lactam exports surged to $X in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for lactam exports from Singapore, accounting for a X% share of total exports. It was followed by Italy (X tons), with a X% share of total exports. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and India (X% per year).

In value terms, Belgium ($X) remains the key foreign market for lactams from heterocyclic compounds exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

In 2022, the average lactam export price amounted to $X per kg, growing by X% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per kg in 2017; however, from 2018 to 2022, the 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 Netherlands ($X per kg), while the average price for exports to India ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into Singapore

Lactam imports into Singapore rose rapidly to X tons in 2022, growing by X% against 2021 figures. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lactam imports surged to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Brazil (X tons) and China (X tons) were the main suppliers of lactam imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (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 Singapore were China ($X), Italy ($X) and Ireland ($X), with a combined X% share of total imports. The United States, Brazil, Germany and Japan lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of 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, growing by X% against the previous year. Over the period under review, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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