Price for Cyanides and Cyanide Oxides; Other than of Sodium in China - 2023

Contents:

  1. Price for Cyanides and Cyanide Oxides; Other than of Sodium in China (CIF) - 2022
  2. Price for Cyanides and Cyanide Oxides; Other than of Sodium in China (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; Other than of Sodium in China
  4. Exports of Cyanides and Cyanide Oxides; Other than of Sodium in China

Price for Cyanides and Cyanide Oxides; Other than of Sodium in China (CIF) - 2022

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $7,676 per ton, surging by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 South Korea ($9,196 per ton), while the price for Japan ($4,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cyanides and Cyanide Oxides; Other than of Sodium in China (FOB) - 2022

The average export price for cyanides and cyanide oxides; other than of sodia stood at $25,117 per ton in 2022, rising by 14% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 97%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($70,907 per ton), while the average price for exports to India ($4,139 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in China

In 2022, the amount of cyanides and cyanide oxides; other than of sodia imported into China was estimated at 1.5K tons, remaining stable against 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of cyanides and cyanide oxides; other than of sodia reached $11M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea7.94.48.48.83.7%
Germany0.71.10.91.426.0%
Japan0.81.21.11.07.7%
Others0.1N/A0.10.10.0%
Total9.56.610.511.25.6%

Top Suppliers of Cyanides and Cyanide Oxides; Other than of Sodium to China in 2022:

  1. South Korea (953.8 tons)
  2. Germany (270.2 tons)
  3. Japan (234.1 tons)

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in China

For the third year in a row, China recorded decline in overseas shipments of cyanides and cyanide oxides; other than of sodia, which decreased by -12.3% to 44 tons in 2022. In general, exports continue to indicate a precipitous curtailment.

In value terms, exports of cyanides and cyanide oxides; other than of sodia declined modestly to $1.1M in 2022. Overall, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1,801533893964-18.8%
India25511918499.0-27.0%
CanadaN/A15.6N/A15.60.0%
JapanN/A1.45.613.2207.1%
ItalyN/A2.42.86.260.7%
South Korea251N/AN/AN/A0%
Vietnam76.0136N/AN/A78.9%
Indonesia17.416.9N/AN/A-2.9%
Pakistan50.9N/AN/AN/A0%
Others43.128.625.38.5-41.8%
Total2,4958531,1101,106-23.8%

Top Export Markets for Cyanides and Cyanide Oxides; Other than of Sodium from China in 2022:

  1. India (23.9 tons)
  2. Netherlands (13.6 tons)
  3. Canada (3.0 tons)
  4. Japan (1.8 tons)
  5. Italy (1.0 tons)

Source: IndexBox Market Intelligence Platform

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