Complex Cyanides Price in South Korea - 2022
Contents:
- Complex Cyanides Price in South Korea (FOB) - 2022
- Complex Cyanides Price in South Korea (CIF) - 2022
- Complex Cyanides Exports in South Korea
- Complex Cyanides Imports in South Korea
Complex Cyanides Price in South Korea (FOB) - 2022
The average complex cyanides export price stood at $6,445 per ton in December 2022, waning by -1.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 6% m-o-m. The export price peaked at $7,185 per ton in February 2022; however, from March 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In December 2022, the country with the highest price was Japan ($8,362 per ton), while the average price for exports to China totaled $6,237 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.3%).
Complex Cyanides Price in South Korea (CIF) - 2022
In December 2022, the average complex cyanides import price amounted to $3,368 per ton, reducing by -83.9% against the previous month. Overall, the import price showed a pronounced slump. The pace of growth was the most pronounced in March 2022 when the average import price increased by 1,665% against the previous month. As a result, import price attained the peak level of $77,165 per ton. From April 2022 to December 2022, the average 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 December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -1.0% per month.
Complex Cyanides Exports in South Korea
In 2022, overseas shipments of complex cyanideses decreased by -35.7% to 38 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, the exports reached the peak of 59 tons, and then fell markedly in the following year.
In value terms, complex cyanides exports reduced to $420K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year.
| Export of Complex Cyanides in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.8 | 82.1 | 166 | 295 | 125.3% |
| Myanmar | 139 | 167 | 155 | 61.8 | -23.7% |
| Japan | 52.9 | 64.1 | 116 | 43.2 | -6.5% |
| Indonesia | 6.4 | 18.5 | 19.5 | 7.3 | 4.5% |
| Belize | 4.8 | 9.8 | 14.5 | 5.4 | 4.0% |
| Others | 23.5 | 9.9 | 17.9 | 6.9 | -33.5% |
| Total | 252 | 351 | 489 | 420 | 18.6% |
Top Export Markets for Complex Cyanides from South Korea in 2022:
- Myanmar (22.1 tons)
- China (5.6 tons)
- Japan (4.6 tons)
- Belize (4.2 tons)
- Indonesia (0.9 tons)
Complex Cyanides Imports in South Korea
In 2022, imports of complex cyanideses into South Korea fell notably to 26 tons, waning by -22.5% on the year before. Over the period under review, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of 33 tons, and then fell markedly in the following year.
In value terms, complex cyanides imports fell modestly to $2M in 2022. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 10%.
| Import of Complex Cyanides in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,974 | 1,617 | 1,780 | 1,701 | -4.8% |
| Germany | 70.2 | 65.3 | 175 | 229 | 48.3% |
| India | 49.1 | 44.7 | 35.3 | 39.8 | -6.8% |
| United States | 33.0 | 44.1 | 34.8 | 19.9 | -15.5% |
| Others | 259 | 161 | 105 | 41.5 | -45.7% |
| Total | 2,385 | 1,932 | 2,130 | 2,031 | -5.2% |
Top Suppliers of Complex Cyanides to South Korea in 2022:
- China (20.5 tons)
- Germany (2.6 tons)
- United States (1.6 tons)
- India (0.5 tons)
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