Middle East: Lactam Market 2025

Lactam Market Size in the Middle East

The Middle Eastern lactam market soared to $X in 2021, rising by 45% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lactam Production in the Middle East

In value terms, lactam production stood at $X in 2021 estimated in export price. In general, production saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 93%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Lactam Exports

Exports in the Middle East

In 2021, approx. X tons of lactams from heterocyclic compounds were exported in the Middle East; jumping by 88% on the previous year's figure. Overall, exports, however, recorded a precipitous decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, lactam exports soared to $X in 2021. In general, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 136% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel represented the key exporting country with an export of around X tons, which accounted for 47% of total exports. Turkey (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (11%), Saudi Arabia (5.5%) and Iran (4.9%). Jordan (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +296.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X), Jordan ($X) and Iran ($X) constituted the countries with the highest levels of exports in 2021, together comprising 90% of total exports. Turkey, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 9.7%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +105.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 67% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+54.5%), while the other leaders experienced more modest paces of growth.

Lactam Imports

Imports in the Middle East

In 2021, overseas purchases of lactams from heterocyclic compounds increased by 212% to X tons, rising for the third year in a row after three years of decline. In general, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lactam imports skyrocketed to $X in 2021. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the largest importer of lactams from heterocyclic compounds, creating 75% of total imports. It was distantly followed by Saudi Arabia (X tons), achieving a 20% share of total imports. Israel (X tons) took a little share of total imports.

Turkey was also the fastest-growing in terms of the lactams from heterocyclic compounds imports, with a CAGR of +36.9% from 2012 to 2021. At the same time, Saudi Arabia (+31.0%) displayed positive paces of growth. By contrast, Israel (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Saudi Arabia increased by +54 and +12 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported lactams from heterocyclic compounds in the Middle East, comprising 76% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +28.5%. In the other countries, the average annual rates were as follows: Saudi Arabia (+24.1% per year) and Israel (-9.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, with a decrease of -26% against the previous year. Overall, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 23%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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