Complex Cyanides Price in China - 2023
Contents:
- Complex Cyanides Price in China (FOB) - 2022
- Complex Cyanides Price in China (CIF) - 2023
- Complex Cyanides Exports in China
- Complex Cyanides Imports in China
Complex Cyanides Price in China (FOB) - 2022
In 2022, the average complex cyanides export price amounted to $1,590 per ton, falling by -21.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure at $2,018 per ton in 2021, and then fell sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($2,278 per ton), while the average price for exports to Canada ($1,031 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 Peru (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Complex Cyanides Price in China (CIF) - 2023
In September 2023, the average complex cyanides import price amounted to $7,295 per ton, with a decrease of -18.4% against the previous month. Over the period under review, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in August 2023 an increase of 37% m-o-m. Over the period under review, average import prices reached the maximum at $9,480 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From September 2022 to September 2023, the rate of growth in terms of prices for South Korea amounted to +0.1% per month.
Complex Cyanides Exports in China
In 2022, approx. 13K tons of complex cyanideses were exported from China; increasing by 48% compared with the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, complex cyanides exports surged to $20M in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Complex Cyanides in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.0 | 1.6 | 2.8 | 2.9 | 13.2% |
| United States | 1.9 | 2.0 | 1.6 | 2.8 | 13.8% |
| South Korea | 1.7 | 1.6 | 1.8 | 1.9 | 3.8% |
| India | 2.0 | 1.7 | 1.8 | 1.4 | -11.2% |
| Canada | 1.0 | 1.6 | 0.9 | 1.2 | 6.3% |
| Germany | 0.6 | 0.5 | 1.1 | 1.1 | 22.4% |
| Russia | 0.1 | 0.1 | 0.1 | 1.0 | 115.4% |
| Chile | 0.9 | 0.5 | 0.5 | 0.8 | -3.9% |
| Belgium | 0.6 | 0.6 | 0.8 | 0.8 | 10.1% |
| Brazil | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Peru | 0.4 | 0.2 | 0.2 | 0.5 | 7.7% |
| Poland | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| United Kingdom | 0.7 | 0.2 | 0.5 | 0.5 | -10.6% |
| Others | 4.6 | 3.8 | 4.5 | 4.5 | -0.7% |
| Total | 17.0 | 14.8 | 17.5 | 20.3 | 6.1% |
Top Export Markets for Complex Cyanides from China in 2022:
- Netherlands (2181.6 tons)
- United States (2027.8 tons)
- Canada (1140.3 tons)
- India (1126.1 tons)
- South Korea (1080.5 tons)
- Germany (691.4 tons)
- Chile (677.5 tons)
- Russia (676.6 tons)
- Peru (350.6 tons)
- Belgium (350.2 tons)
- Brazil (316.3 tons)
- Poland (273.1 tons)
- United Kingdom (251.4 tons)
Complex Cyanides Imports in China
Complex cyanides imports into China stood at 952 tons in 2022, with an increase of 7.6% on 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +78.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, complex cyanides imports surged to $8.5M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Complex Cyanides in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.3 | 2.8 | 5.5 | 6.4 | 24.7% |
| Germany | 0.8 | 0.8 | 1.1 | 1.4 | 20.5% |
| Others | 0.2 | 0.3 | 0.3 | 0.6 | 44.2% |
| Total | 4.3 | 3.9 | 6.9 | 8.5 | 25.5% |
Top Suppliers of Complex Cyanides to China in 2022:
- South Korea (922.3 tons)
- Germany (28.0 tons)
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In value terms, cyanides, cyanide oxides and complex cyanides imports totaled $X in 2016. Overall, cyanides, cyanide oxides and complex cyanides imports continue to indicate a prominent increase. Ove...
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In value terms, cyanides, cyanide oxides and complex cyanides exports amounted to $X in 2016. In general, cyanides, cyanide oxides and complex cyanides exports continue to indicate a prominent grow...
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1272
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