United Arab Emirates: Lactam Market 2025

Lactam Market Size in the United Arab Emirates

The lactam market in the United Arab Emirates expanded rapidly to $X in 2021, rising by 15% 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 indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Lactam Production in the United Arab Emirates

In value terms, lactam production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. 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 from the United Arab Emirates

In 2021, approx. X tons of lactams from heterocyclic compounds were exported from the United Arab Emirates; surging by 9.1% against the previous year. In general, exports, however, recorded a sharp setback. The pace of growth appeared the most rapid in 2019 with an increase of 43% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lactam exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a sharp contraction. The pace of growth appeared the most rapid in 2019 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for lactam exports from the United Arab Emirates, accounting for a 94% share of total exports. Moreover, lactam exports to Iran exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran totaled -34.6%.

In value terms, Pakistan ($X) and Iran ($X) appeared to be the largest markets for lactam exported from the United Arab Emirates worldwide.

In terms of the main countries of destination, Pakistan, with a CAGR of +0.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average lactam export price stood at $X per ton in 2021, jumping by 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export 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 Iran stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-6.8%).

Lactam Imports

Imports into the United Arab Emirates

In 2021, the amount of lactams from heterocyclic compounds imported into the United Arab Emirates declined rapidly to X tons, shrinking by -40.8% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 255% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lactam imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 119% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest lactam supplier to the United Arab Emirates, accounting for a 53% share of total imports. Moreover, lactam imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.2% per year) and South Korea (+21.8% per year).

In value terms, India ($X), South Korea ($X) and China ($X) constituted the largest lactam suppliers to the United Arab Emirates, with a combined 91% share of total imports.

In terms of the main suppliers, India, with a CAGR of +42.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lactam import price amounted to $X per ton, with an increase of 125% against the previous year. Over the period under review, the import price enjoyed strong growth. As a result, import price attained the peak level 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 South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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