Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in Nigeria - 2023

Contents:

1. Price for Imides and Their Derivatives; Other Kinds, Excluding Saccharin in Nigeria (CIF) - 2022
2. Imports of Imides and Their Derivatives; Other Kinds, Excluding Saccharin in Nigeria

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

In 2022, the average import price for imides and their derivatives; other kinds, excluding saccharins amounted to $5,642 per ton, remaining constant against the previous year. In general, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $11,943 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 ($7,771 per ton), while the price for India amounted to $4,279 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced a decline.

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

Imports of imides and their derivatives; other kinds, excluding saccharins into Nigeria surged to 68 tons in 2022, picking up by 183% compared with the previous year's figure. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 263% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of imides and their derivatives; other kinds, excluding saccharins skyrocketed to $384K in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 226%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

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

1. India (41.5 tons)
2. China (26.6 tons)

Source: IndexBox Market Intelligence Platform