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

Contents:

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

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

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $5,353 per ton, growing by 13% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cyanides and cyanide oxides; other than of sodia decreased by -6.1% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $8,206 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 ($11,509 per ton), while the price for the Czech Republic ($3,736 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cyanides and cyanide oxides; other than of sodia amounted to $3,213 per ton, rising by 8.1% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. As a result, the export price attained the peak level of $7,180 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($9,600 per ton), while the average price for exports to Mali ($740 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 Lesotho (+33.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in South Africa

After three years of growth, overseas purchases of cyanides and cyanide oxides; other than of sodia decreased by -6.1% to 48 tons in 2022. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.

In value terms, imports of cyanides and cyanide oxides; other than of sodia expanded sharply to $256K in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of $283K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1632461641721.8%
Czech Republic7.529.248.144.681.2%
South Korea21.65.922.036.919.5%
Others5.31.18.93.2-15.5%
Total1972832432569.1%

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

  1. Germany (32.4 tons)
  2. Czech Republic (11.9 tons)
  3. South Korea (3.2 tons)

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in South Africa

In 2022, exports of cyanides and cyanide oxides; other than of sodia from South Africa reduced dramatically to 8.8 tons, with a decrease of -42.6% compared with 2021. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 206%. As a result, the exports reached the peak of 15 tons, and then dropped remarkably in the following year.

In value terms, exports of cyanides and cyanide oxides; other than of sodia dropped sharply to $28K in 2022. In general, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 279% against the previous year. As a result, the exports reached the peak of $46K, and then declined sharply in the following year.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lesotho12.2N/A22.513.02.1%
Cote d'Ivoire3.62.09.99.236.7%
Namibia0.7N/A3.42.654.9%
Mali0.51.11.01.233.9%
ZimbabweN/A6.7N/AN/A0%
Democratic Republic of the Congo5.9N/AN/AN/A0%
Others3.72.28.82.3-14.7%
Total26.612.145.728.32.1%

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

  1. Lesotho (5.0 tons)
  2. Mali (1.6 tons)
  3. Namibia (1.0 tons)
  4. Cote d'Ivoire (1.0 tons)

Source: IndexBox Market Intelligence Platform

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