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China - Lactams From Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Lactams From Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights

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Aug 6, 2023

China Experiences a Significant 32% Drop in Lactam Prices, Reaching $6,682 per Ton.

China Lactam Export Price in June 2023

In June 2023, the lactam price stood at $6,682 per ton (FOB, China), waning by -32.2% against the previous month. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in March 2023 an increase of 73% against the previous month. Over the period under review, the average export prices reached the maximum at $42,485 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($9,730 per ton), while the average price for exports to Saudi Arabia ($1,677 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-2.1%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Lactam in China (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
United States183,48962,56811,96312,27330,96115,25156,43010,7335,87725,15821,92088,2249,730
Italy317,49913,5609,347161,08517,9323,6182,3474,3475,1073,6013,65816,8725,365
Japan9,7255,3246,9984,5474,0284,1213,5604,9555,3803,3365,2002,6764,213
India9,3679,46911,1805,54411,09815,3174,6817,2672,7274,1574,5215,0993,507
France141,89490,1182,9513,1757,4623,76330,24315,5916,6326,8475,4876,8692,685
South Korea5,0494,1373,1782,2192,2982,5442,2682,0612,0792,4042,4512,2362,482
Vietnam2,7842,44310,6231,8182,0382,8581,77812,8401,8972,1411,93412,7762,167
Indonesia2,3352,0497,0562,0044,6804,0931,6831,9121,6551,7921,7952,0161,770
Colombia5,72810,0496,9437,3996,3734,85012,7401,6381,6941,8541,8952,7521,723
Saudi Arabia2,356N/A16,4005,442N/A3,6132,8042,8672,9663,8351,8651,7911,677
Average42,48524,91638,85831,90539,31715,62722,53820,5794,9898,6149,6039,8536,682

China Lactam Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In June 2023, the product with the highest price was heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) ($16,309 per ton), while the average price for exports of heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) totaled $1,606 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: heterocyclic compounds; lactams; clobazam (INN) and methyprylon (INN) (0.0%), while the prices for the other product experienced a decline.

China Lactam Exports

In June 2023, overseas shipments of lactams from heterocyclic compounds increased by 0.1% to 16K tons, rising for the second month in a row after two months of decline. Over the period under review, total exports indicated a tangible expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports increased by +10.7% against April 2023 indices. The growth pace was the most rapid in September 2022 with an increase of 41% month-to-month.

In value terms, lactam exports plummeted to $110M (IndexBox estimates) in June 2023. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in October 2022 with an increase of 44% month-to-month. As a result, the exports reached the peak of $547M. From November 2022 to June 2023, the growth of the exports remained at a somewhat lower figure.

China Lactam Exports by Type

Heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) (11K tons) and heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) (5.7K tons) were the main products of lactam exports from China.

From June 2022 to June 2023, the biggest increases were in heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) (with a CAGR of +8.0%).

In value terms, heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) ($92M) remains the largest type of lactam exported from China, comprising 84% of total exports. The second position in the ranking was held by heterocyclic compounds; lactams; 6-hexanelactam (epsilon-caprolactam) ($17M), with a 16% share of total exports.

From June 2022 to June 2023, the average monthly rate of growth in terms of the export volume of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam) stood at -12.0%.

China Lactam Exports by Country

South Korea (3.7K tons), India (2.9K tons) and Saudi Arabia (1.7K tons) were the main destinations of lactam exports from China, with a combined 51% share of total exports. Vietnam, Indonesia, Japan, Colombia, Italy, France and the United States lagged somewhat behind, together accounting for a further 23%.

From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +25.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lactam exported from China were India ($10M), South Korea ($9.2M) and Saudi Arabia ($2.8M), with a combined 20% share of total exports. These countries were followed by the United States, Vietnam, Japan, Italy, Indonesia, France and Colombia, which together accounted for a further 11%.

Colombia, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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