Russian Federation: Lactam Market 2025

Lactam Market Size in the Russian Federation

In 2021, the Russian lactam market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable decrease. Lactam consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Lactam Production in the Russian Federation

In value terms, lactam production expanded significantly to $X in 2021 estimated in export price. In general, production saw a pronounced slump. The growth pace was the most rapid in 2017 when the production volume increased by 27%. Lactam production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Lactam Exports

Exports from the Russian Federation

In 2021, after six years of growth, there was significant decline in overseas shipments of lactams from heterocyclic compounds, when their volume decreased by -17.1% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 15%. The exports peaked at X tons in 2020, and then shrank sharply in the following year.

In value terms, lactam exports skyrocketed to $X in 2021. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main destinations of lactam exports from Russia, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Slovenia ($X) were the largest markets for lactam exported from Russia worldwide, together accounting for 78% of total exports. Vietnam, India, Belgium and Indonesia lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, Vietnam, with a CAGR of +33.7%, 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 average lactam export price stood at $X per ton in 2021, with an increase of 55% against the previous year. In general, the export price, however, saw a noticeable setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Belgium (+3.2%), while the prices for the other major destinations experienced a decline.

Lactam Imports

Imports into the Russian Federation

Lactam imports into Russia expanded sharply to X tons in 2021, surging by 10% against the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lactam imports soared to $X in 2021. Overall, imports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2019 with an increase of 54% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of lactam imports to Russia, with a combined 86% share of total imports. Belarus, France and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +64.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lactams from heterocyclic compounds to Russia, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by France, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.1% per year) and France (+74.9% per year).

Import Prices by Country

In 2021, the average lactam import price amounted to $X per ton, growing by 27% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lactam import price increased by +23.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :