Spain: Lactam Market 2025

Lactam Market Size in Spain

In 2021, the Spanish lactam market increased by 150% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lactam Production in Spain

In value terms, lactam production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lactam Exports

Exports from Spain

For the seventh consecutive year, Spain recorded decline in shipments abroad of lactams from heterocyclic compounds, which decreased by -64.4% to X tons in 2021. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by 12% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, lactam exports contracted dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Italy (X tons) and Switzerland (X tons) were the main destinations of lactam exports from Spain, together accounting for 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +95.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lactam exported from Spain were Colombia ($X), Italy ($X) and Germany ($X), with a combined 68% share of total exports.

Colombia, with a CAGR of +72.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average lactam export price stood at $X per ton in 2021, with an increase of 102% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Colombia ($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 Taiwan (Chinese) (+76.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lactam Imports

Imports into Spain

In 2021, supplies from abroad of lactams from heterocyclic compounds was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.2% 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 2018 with an increase of 32% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, lactam imports declined markedly to $X in 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 170%. Imports peaked at $X in 2020, and then dropped notably in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of lactam to Spain, with a 51% share of total imports. Moreover, lactam imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +74.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.5% per year) and Germany (-11.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of lactams from heterocyclic compounds to Spain, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 5.4% share of total imports. It was followed by China, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland amounted to +46.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+58.8% per year) and China (-5.6% per year).

Import Prices by Country

The average lactam import price stood at $X per ton in 2021, with a decrease of -43.9% against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 105%. The import price peaked at $X per ton in 2020, and then declined notably 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 Switzerland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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