Price for Cyanides and Cyanide Oxides; Other than of Sodium in Vietnam - 2022

Contents:

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

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

The average import price for cyanides and cyanide oxides; other than of sodia stood at $6,757 per ton in 2022, which is down by -16% against the previous year. Overall, the import price saw a perceptible downturn. The growth pace was the most rapid in 2017 when the average import price increased by 35% against the previous year. The import price peaked at $10,816 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Japan ($10,478 per ton), while the price for South Korea ($5,020 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cyanides and cyanide oxides; other than of sodia stood at $8,526 per ton in 2022, remaining stable against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cyanides and cyanide oxides; other than of sodia increased by +17.5% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 42%. The export price peaked at $8,990 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +10.1% per year.

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

For the fourth year in a row, Vietnam recorded growth in supplies from abroad of cyanides and cyanide oxides; other than of sodia, which increased by 22% to 229 tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. As a result, imports attained 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 amounted to $1.5M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 5.9% against the previous year. As a result, imports attained the peak of $1.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland27119255.074540.1%
South Korea3084235053958.6%
China53.819.75.723864.2%
Czech Republic5.32.75.167.3133.3%
Japan85194393646.5-62.1%
France2.92.33.723.6101.1%
Others3.22.42.332.6116.8%
Total1,4961,5841,5121,5481.1%

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

  1. Switzerland (83.0 tons)
  2. South Korea (78.7 tons)
  3. China (44.4 tons)
  4. Czech Republic (11.0 tons)
  5. Japan (4.4 tons)
  6. France (4.2 tons)

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

After three years of growth, overseas shipments of cyanides and cyanide oxides; other than of sodia decreased by -46.9% to 16 tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,494% against the previous year. As a result, the exports reached the peak of 30 tons, and then shrank significantly in the following year.

In value terms, exports of cyanides and cyanide oxides; other than of sodia declined dramatically to $134K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,561% against the previous year. As a result, the exports attained the peak of $253K, and then reduced dramatically in the following year.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea3.715.2242134230.9%
OthersN/AN/A10.9N/A0%
Total3.715.2253134230.9%

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

  1. South Korea (15.7 tons)

Source: IndexBox Market Intelligence Platform

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