Brazil: Lactam Market 2025

Lactam Market Size in Brazil

The Brazilian lactam market amounted to $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Lactam consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Lactam Production in Brazil

In value terms, lactam production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. Lactam production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Lactam Exports

Exports from Brazil

In 2021, overseas shipments of lactams from heterocyclic compounds increased by 29% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, lactam exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Singapore (X tons), the United States (X tons) and Japan (X tons) were the main destinations of lactam exports from Brazil, together accounting for 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +55.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for lactams from heterocyclic compounds exports from Brazil, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total exports. It was followed by Singapore, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.6% per year) and Singapore (+50.0% per year).

Export Prices by Country

In 2021, the average lactam export price amounted to $X per ton, reducing by -1.7% against the previous year. Over the last nine years, it increased at an average annual rate of +5.4%. The pace of growth was the most pronounced in 2014 an increase of 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into Brazil

Lactam imports into Brazil surged to X tons in 2021, jumping by 39% on 2020 figures. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lactam imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest lactam supplier to Brazil, with a 54% share of total imports. Moreover, lactam imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.2% per year) and Colombia (-26.7% per year).

In value terms, India ($X), the United States ($X) and China ($X) constituted the largest lactam suppliers to Brazil, together comprising 77% of total imports.

In terms of the main suppliers, India, with a CAGR of +38.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average lactam import price amounted to $X per ton, dropping by -3.7% against the previous year. Over the period under review, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 92%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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