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

Contents:

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

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

The average import price for cyanides and cyanide oxides; of sodia stood at $1,931 per ton in 2022, falling by -5.4% against the previous year. In general, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 188%. Over the period under review, average import prices hit record highs at $3,026 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($2,472 per ton) and the Czech Republic ($2,400 per ton), while the price for China ($1,724 per ton) and India ($2,130 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cyanides and Cyanide Oxides; of Sodium in Myanmar

For the fourth consecutive year, Myanmar recorded growth in supplies from abroad of cyanides and cyanide oxides; of sodia, which increased by 65% to 3.7K tons in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. 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 skyrocketed to $7.1M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 98%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Cyanides and Cyanide Oxides; of Sodium in Myanmar (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.50.72.14.4106.5%
Thailand0.1N/A0.61.8162.1%
Czech RepublicN/A0.50.90.50.0%
IndiaN/AN/AN/A0.50%
South Korea1.11.30.7N/A-20.2%
JapanN/A0.70.2N/A-71.4%
Others0.10.1N/AN/A0.0%
Total1.73.34.57.161.0%

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

  1. China (2527.2 tons)
  2. Thailand (710.0 tons)
  3. India (222.0 tons)
  4. Czech Republic (200.0 tons)

Source: IndexBox Market Intelligence Platform

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