Hungary: Lactam Market 2025

Lactam Market Size in Hungary

The Hungarian lactam market skyrocketed to $X in 2021, surging by 50% against the previous year. In general, consumption recorded a significant expansion. Lactam consumption peaked in 2021 and is expected to retain growth in the immediate term.

Lactam Production in Hungary

In value terms, lactam production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 27% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Lactam Exports

Exports from Hungary

In 2021, the amount of lactams from heterocyclic compounds exported from Hungary skyrocketed to X tons, rising by 130% compared with the previous year. In general, exports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 1,021%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, lactam exports soared to $X in 2021. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 705% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Romania (X tons), South Korea (X tons) and Russia (X kg) were the main destinations of lactam exports from Hungary, together accounting for 86% 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 South Korea (with a CAGR of +1,061.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lactam exported from Hungary were Romania ($X), South Korea ($X) and Russia ($X), with a combined 83% share of total exports.

South Korea, with a CAGR of +10,185.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lactam export price amounted to $X per ton, reducing by -27.6% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 7,994%. As a result, the export price reached the peak level of $X per ton, and then dropped notably in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were China ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+785.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into Hungary

In 2021, lactam imports into Hungary surged to X tons, growing by 58% compared with 2020. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 79%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, lactam imports surged to $X in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 58% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest lactam supplier to Hungary, accounting for a 67% share of total imports. Moreover, lactam imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+27.1% per year) and India (+50.0% per year).

In value terms, Germany ($X) constituted the largest supplier of lactams from heterocyclic compounds to Hungary, comprising 58% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Belgium, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+61.6% per year) and Belgium (+32.2% per year).

Import Prices by Country

In 2021, the average lactam import price amounted to $X per ton, dropping by -3.7% against the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for South Korea ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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