Complex Cyanides Price in Australia - 2023

Contents:

  1. Complex Cyanides Price in Australia (CIF) - 2022
  2. Complex Cyanides Price in Australia (FOB) - 2022
  3. Complex Cyanides Imports in Australia
  4. Complex Cyanides Exports in Australia

Complex Cyanides Price in Australia (CIF) - 2022

In 2022, the average complex cyanides import price amounted to $2,220 per ton, growing by 1.7% against the previous year. In general, the import price saw a moderate increase. The growth pace was the most rapid in 2017 when the average import price increased by 80% against the previous year. Over the period under review, average import prices hit record highs at $4,789 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.6% per year.

Complex Cyanides Price in Australia (FOB) - 2022

The average complex cyanides export price stood at $44,190 per ton in 2022, rising by 7.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 153% against the previous year. Over the period under review, the average export prices attained the peak figure at $76,692 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($40,197 per ton), while the average price for exports to Singapore stood at $24,049 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+11.8%), while the prices for the other major destinations experienced a decline.

Complex Cyanides Imports in Australia

In 2022, approx. 39 tons of complex cyanideses were imported into Australia; which is down by -20.2% compared with the previous year's figure. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 847% against the previous year. As a result, imports attained the peak of 49 tons, and then fell sharply in the following year.

In value terms, complex cyanides imports declined dramatically to $86K in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 417% against the previous year. As a result, imports reached the peak of $106K, and then shrank rapidly in the following year.

Import of Complex Cyanides in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China28.114.210179.341.3%
Others1.66.44.86.962.8%
Total29.720.510686.342.7%

Top Suppliers of Complex Cyanides to Australia in 2022:

  1. China (38.7 tons)

Complex Cyanides Exports in Australia

In 2022, complex cyanides exports from Australia surged to 850 kg, with an increase of 9,344% against 2021. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, complex cyanides exports skyrocketed to $38K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Complex Cyanides in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand1.01.00.326.2197.0%
SingaporeN/AN/AN/A4.40%
OthersN/AN/AN/A7.00%
Total1.01.00.337.6235.0%

Top Export Markets for Complex Cyanides from Australia in 2022:

  1. New Zealand (652.0 kg)
  2. Singapore (182.0 kg)

Source: IndexBox Market Intelligence Platform

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