China - Lactams From Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Lactam Export Dives to $1.5B in 2023
China Lactam Exports
For the seventh year in a row, China recorded growth in overseas shipments of lactams from heterocyclic compounds, which increased by 49% to 163K tons in 2023. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2022 with an increase of 125% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in years to come.
In value terms, lactam exports fell markedly to $1.5B (IndexBox estimates) in 2023. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2022 with an increase of 457% against the previous year. As a result, the exports attained the peak of $3.9B, and then contracted markedly in the following year.
| COUNTRY | Export Value of Lactam in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Belgium | 0.8 | 0.5 | 0.9 | 2.8 | 6.8 | 14.6 | 20.4 | 22.0 | 15.7 | 1,477 | 440 |
| Ireland | N/A | N/A | N/A | 0.5 | 2.8 | 1.4 | 14.5 | 38.2 | 154 | 410 | 205 |
| Austria | N/A | N/A | N/A | 0.1 | 0.1 | 0.4 | 0.2 | 0.3 | 0.6 | 59.4 | 146 |
| South Korea | 28.6 | 33.8 | 24.5 | 26.0 | 29.6 | 37.6 | 32.1 | 42.1 | 80.0 | 114 | 102 |
| India | 48.6 | 56.1 | 51.6 | 30.4 | 46.9 | 55.3 | 65.3 | 66.5 | 87.9 | 103 | 91.1 |
| United States | 34.8 | 36.2 | 7.1 | 10.2 | 20.9 | 22.4 | 21.0 | 23.0 | 49.0 | 108 | 61.9 |
| Japan | 8.0 | 23.6 | 13.7 | 22.7 | 15.6 | 18.5 | 25.6 | 30.7 | 50.9 | 63.6 | 56.7 |
| Germany | 5.5 | 9.5 | 8.4 | 4.7 | 10.6 | 15.0 | 19.9 | 17.0 | 29.2 | 984 | 16.2 |
| Others | 58.1 | 59.7 | 65.7 | 68.0 | 79.9 | 104 | 123 | 128 | 240 | 619 | 378 |
| Total | 184 | 219 | 172 | 165 | 213 | 269 | 322 | 367 | 707 | 3,939 | 1,497 |
Exports by Country
South Korea (38K tons), India (21K tons) and Ireland (12K tons) were the main destinations of lactam exports from China, together accounting for 44% of total exports.
From 2013 to 2023, the biggest increases were recorded for Ireland (with a CAGR of +136.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Belgium ($440M) remains the key foreign market for lactams from heterocyclic compounds exports from China, comprising 29% of total exports. The second position in the ranking was held by Ireland ($205M), with a 14% share of total exports. It was followed by Austria, with a 9.7% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Belgium totaled +87.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+145.8% per year) and Austria (+130.7% per year).
Exports by Type
Heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) (94K tons) and heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) (68K tons) were the main products of lactam exports from China.
From 2013 to 2023, the biggest increases were recorded for heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) (with a CAGR of +56.6%).
In value terms, heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) ($1.3B) remains the largest type of lactams from heterocyclic compounds exported from China, comprising 90% of total exports. The second position in the ranking was held by heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) ($153M), with a 10% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) exports totaled +22.2%.
Export Prices by Country
In 2023, the lactam price amounted to $9,169 per ton (FOB, China), declining by -74.5% against the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2022 an increase of 147% against the previous year. As a result, the export price reached the peak level of $35,977 per ton, and then reduced markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($47,469 per ton), while the average price for exports to Saudi Arabia ($1,803 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the lactam market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20145280 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
