Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea - 2022

Contents:

1. Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea (CIF) - 2022
2. Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea (FOB) - 2022
3. Imports of Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea
4. Exports of Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea

Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea (CIF) - 2022

In 2022, the average import price for imides and their derivatives; other kinds, excluding saccharins amounted to $10,967 per ton, picking up by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26%. The import price peaked at $15,032 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($18,426 per ton), while the price for India ($4,350 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea (FOB) - 2022

In 2022, the average export price for imides and their derivatives; other kinds, excluding saccharins amounted to $39,095 per ton, with an increase of 33% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices attained the peak figure at $54,880 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($56,563 per ton), while the average price for exports to Japan ($7,782 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea

In 2022, imports of imides and their derivatives; other kinds, excluding saccharins into South Korea dropped slightly to 1.5K tons, waning by -3.7% compared with 2021. Over the period under review, imports saw a pronounced slump. The smallest decline of -2.6% was in 2021.

In value terms, imports of imides and their derivatives; other kinds, excluding saccharins expanded notably to $16M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Imides and Their Derivatives; Other Kinds, Excluding Saccharin to South Korea in 2022:

1. Japan (766.5 tons)
2. China (294.5 tons)
3. United States (208.2 tons)
4. Austria (99.8 tons)
5. India (56.1 tons)

Exports of Imides and Their Derivatives; Other Kinds, Excluding Saccharin in South Korea

Exports of imides and their derivatives; other kinds, excluding saccharins from South Korea dropped significantly to 25 tons in 2022, shrinking by -80.6% compared with the previous year's figure. Overall, exports saw a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by 9.6%.

In value terms, exports of imides and their derivatives; other kinds, excluding saccharins reduced rapidly to $961K in 2022. In general, exports continue to indicate a sharp reduction. The smallest decline of -8.6% was in 2020.

Top Export Markets for Imides and Their Derivatives; Other Kinds, Excluding Saccharin from South Korea in 2022:

1. Belgium (15.0 tons)
2. Taiwan (Chinese) (5.9 tons)
3. Japan (2.6 tons)
4. China (0.9 tons)
5. Vietnam (0.1 tons)

Source: IndexBox Market Intelligence Platform