Indonesia: Lactam Market 2025

Lactam Market Size in Indonesia

The Indonesian lactam market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a pronounced decrease. Lactam consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Lactam Exports

Exports from Indonesia

In 2021, shipments abroad of lactams from heterocyclic compounds decreased by -52.9% to X tons, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2018 with an increase of 400%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lactam exports soared to $X in 2021. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 177%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for lactam exports from Indonesia, accounting for a 83% share of total exports. Moreover, lactam exports to Hong Kong SAR exceeded the volume sent to the second major destination, Pakistan (X kg), ninefold. The third position in this ranking was held by India (X kg), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and India (-17.8% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for lactams from heterocyclic compounds exports from Indonesia, comprising 28% of total exports. The second position in the ranking was taken by India ($X), with a 5.6% share of total exports. It was followed by Pakistan, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-0.8% per year) and Pakistan (0.0% per year).

Export Prices by Country

In 2021, the average lactam export price amounted to $X per ton, picking up by 219% against the previous year. Over the period under review, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Singapore ($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 India (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

Lactam Imports

Imports into Indonesia

Lactam imports into Indonesia surged to X tons in 2021, jumping by 84% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, lactam imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Russia (X tons) and the Netherlands (X tons) were the main suppliers of lactam imports to Indonesia, with a combined 56% share of total imports. These countries were followed by Thailand, the United States, Belgium, Germany, South Korea, Brazil, Belarus and Poland, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Russia ($X) and the Netherlands ($X) were the largest lactam suppliers to Indonesia, together comprising 52% of total imports. These countries were followed by Thailand, the United States, Brazil, South Korea, Germany, Belgium, Belarus and Poland, which together accounted for a further 26%.

Brazil, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, among 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 2021, increasing by 47% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. 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 Brazil ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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