Price for Cyanides and Cyanide Oxides; of Sodium in Indonesia - 2022

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Indonesia (CIF) - 2022
  2. Imports of Cyanides and Cyanide Oxides; of Sodium in Indonesia

Price for Cyanides and Cyanide Oxides; of Sodium in Indonesia (CIF) - 2022

The average import price for cyanides and cyanide oxides; of sodia stood at $2,076 per ton in March 2022, reducing by -16.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 14% month-to-month. The import price peaked at $2,482 per ton in February 2022, and then fell rapidly in the following month.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was South Korea ($2,081 per ton), while the price for China amounted to $2,020 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cyanides and Cyanide Oxides; of Sodium in Indonesia

In 2022, the amount of cyanides and cyanide oxides; of sodia imported into Indonesia rose to 18K tons, growing by 1.6% on the previous year's figure. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cyanides and cyanide oxides; of sodia surged to $46M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Import of Cyanides and Cyanide Oxides; of Sodium in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia15.211.212.916.63.0%
South Korea11.38.011.916.112.5%
China6.34.26.57.24.6%
Malaysia0.50.91.65.8126.4%
Georgia3.84.04.5N/A8.8%
Others0.30.30.4N/A15.5%
Total37.528.737.745.76.8%

Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to Indonesia in 2022:

  1. South Korea (6.9K tons)
  2. Australia (5.9K tons)
  3. China (3.2K tons)
  4. Malaysia (2.0K tons)

Source: IndexBox Market Intelligence Platform

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