Romania: Lactam Market 2025

Lactam Market Size in Romania

The Romanian lactam market dropped to $X in 2021, falling by -9.8% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X, and then declined in the following year.

Lactam Production in Romania

In value terms, lactam production declined remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Lactam Exports

Exports from Romania

In 2021, shipments abroad of lactams from heterocyclic compounds decreased by -94.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 635% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lactam exports contracted markedly to $X in 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 712% against the previous year. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

Switzerland (X tons) was the main destination for lactam exports from Romania, accounting for a 63% share of total exports. Moreover, lactam exports to Switzerland exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Portugal (X kg) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +117.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+39.1% per year) and Portugal (+9.8% per year).

In value terms, Switzerland ($X) remains the key foreign market for lactams from heterocyclic compounds exports from Romania, comprising 63% of total exports. The second position in the ranking was held by Vietnam ($X), with a 30% share of total exports. It was followed by Portugal, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +129.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+40.7% per year) and Portugal (+10.1% per year).

Export Prices by Country

In 2021, the average lactam export price amounted to $X per ton, jumping by 50% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 744%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Portugal ($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 Ethiopia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into Romania

In 2021, the amount of lactams from heterocyclic compounds imported into Romania soared to X tons, rising by 66% against the year before. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 169% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, lactam imports reached $X in 2021. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of 866% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest supplier of lactam to Romania, with a 90% share of total imports. Moreover, lactam imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Hungary (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from Switzerland stood at +1,865.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.1% per year) and Hungary (+70.8% per year).

In value terms, Switzerland ($X) constituted the largest supplier of lactams from heterocyclic compounds to Romania, comprising 92% of total imports. The second position in the ranking was taken by Hungary ($X), with a 3.7% share of total imports. It was followed by Germany, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland amounted to +1,789.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+135.3% per year) and Germany (+7.5% per year).

Import Prices by Country

The average lactam import price stood at $X per ton in 2021, dropping by -36.7% against the previous year. In general, the import price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 259% against the previous year. The import price peaked at $X per ton in 2020, and then fell significantly in the following year.

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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+63.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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