Price for Cyanides and Cyanide Oxides; Other than of Sodium in Hong Kong SAR - 2023

Contents:

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

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

In 2022, the average export price for cyanides and cyanide oxides; other than of sodia amounted to $83,715 per ton, with an increase of 19% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of 385%. Over the period under review, the average export prices reached the peak figure at $310,033 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($886,154 per ton), while the average price for exports to India ($122,642 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 China (+77.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $5,034 per ton, picking up by 1.8% against the previous year. Overall, the import price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 44%. As a result, import price attained the peak level of $10,949 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,776 per ton), while the price for Taiwan (Chinese) ($2,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Hong Kong SAR

In 2022, approx. 2.2 tons of cyanides and cyanide oxides; other than of sodia were exported from Hong Kong SAR; dropping by -15.1% on the year before. Over the period under review, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 331% against the previous year.

In value terms, exports of cyanides and cyanide oxides; other than of sodia reached $184K in 2022. Overall, exports showed a precipitous curtailment.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia26865.238.742.5-45.9%
Philippines84694.340.834.6-65.5%
India38.210.015.222.9-15.7%
China23915.95.55.8-71.0%
CambodiaN/AN/A0.3N/A0%
Others13.80.780.677.878.0%
Total1,405186181184-49.2%

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

  1. India (187.0 kg)
  2. Malaysia (91.0 kg)
  3. Philippines (39.0 kg)
  4. China (19.0 kg)

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Hong Kong SAR

In 2022, approx. 7.1 tons of cyanides and cyanide oxides; other than of sodia were imported into Hong Kong SAR; reducing by -24.7% compared with the previous year's figure. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year.

In value terms, imports of cyanides and cyanide oxides; other than of sodia dropped sharply to $36K in 2022. Over the period under review, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 87%.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea70.615.824.217.2-37.5%
Germany16.92.910.18.1-21.7%
Taiwan (Chinese)17.54.89.18.0-23.0%
United Kingdom10.0N/AN/AN/A0%
Others16.41.43.42.5-46.6%
Total13125.046.835.9-35.0%

Top Suppliers of Cyanides and Cyanide Oxides; Other than of Sodium to Hong Kong SAR in 2022:

  1. Taiwan (Chinese) (3.1 tons)
  2. South Korea (2.1 tons)
  3. Germany (1.7 tons)

Source: IndexBox Market Intelligence Platform

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