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

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

The average import price for imides and their derivatives; other kinds, excluding saccharins stood at $5,718 per ton in 2022, increasing by 47% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 124% against the previous year. As a result, import price reached the peak level of $36,976 per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 China ($160,234 per ton), while the price for India totaled $5,409 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%).

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

For the fourth year in a row, Kuwait recorded growth in purchases abroad of imides and their derivatives; other kinds, excluding saccharins, which increased by 199% to 53 tons in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 948%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of imides and their derivatives; other kinds, excluding saccharins skyrocketed to $302K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.