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

Contents:

  1. Price for Cyanides and Cyanide Oxides; Other than of Sodium in India (CIF) - 2023
  2. Price for Cyanides and Cyanide Oxides; Other than of Sodium in India (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; Other than of Sodium in India
  4. Exports of Cyanides and Cyanide Oxides; Other than of Sodium in India

Price for Cyanides and Cyanide Oxides; Other than of Sodium in India (CIF) - 2023

The average import price for cyanides and cyanide oxides; other than of sodia stood at $18,316 per ton in October 2023, falling by -24% against the previous month. Over the period under review, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in April 2023 an increase of 166% month-to-month. Over the period under review, average import prices attained the peak figure at $24,096 per ton in September 2023, and then shrank notably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($24,762 per ton), while the price for South Korea ($7,754 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%), 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 India (FOB) - 2022

In 2022, the average export price for cyanides and cyanide oxides; other than of sodia amounted to $10,375 per ton, dropping by -56.4% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 440%. The export price peaked at $30,053 per ton in 2018; however, from 2019 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 United Arab Emirates ($10,837 per ton), while the average price for exports to Bangladesh amounted to $4,752 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+21.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of cyanides and cyanide oxides; other than of sodia imported into India soared to 1K tons, rising by 56% compared with 2021. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides and cyanide oxides; other than of sodia skyrocketed to $9M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany9302,2674,8803,89861.2%
South Korea5305401,1942,06357.3%
Hong Kong SAR46.63258301,216196.6%
Czech Republic18010919692072.3%
China2161731082616.5%
SingaporeN/A99.4N/A15123.3%
Belgium21790.896.8135-14.6%
Japan15322.422679.8-19.5%
Taiwan (Chinese)394N/AN/AN/A0%
Others28515013.4273-1.4%
Total2,9513,7777,5458,99745.0%

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

  1. Germany (297.8 tons)
  2. South Korea (220.5 tons)
  3. Czech Republic (189.0 tons)
  4. Hong Kong SAR (136.3 tons)
  5. China (96.0 tons)
  6. Singapore (16.7 tons)
  7. Belgium (15.1 tons)
  8. Japan (10.4 tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of cyanides and cyanide oxides; other than of sodia, when their volume increased by 1,379% to 16 tons. Overall, exports, however, saw a sharp shrinkage.

In value terms, exports of cyanides and cyanide oxides; other than of sodia skyrocketed to $169K in 2022. In general, exports, however, faced a significant decline.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/AN/A1520%
Bangladesh8.0N/A4.110.18.1%
Iran1,757N/AN/AN/A0%
Others47.513622.06.6-48.2%
Total1,81313626.1169-54.7%

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

  1. United Arab Emirates (14.0 tons)
  2. Bangladesh (2.1 tons)

Source: IndexBox Market Intelligence Platform

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