Complex Cyanides Price in Hong Kong SAR - 2023

Contents:

  1. Complex Cyanides Price in Hong Kong SAR (FOB) - 2022
  2. Complex Cyanides Price in Hong Kong SAR (CIF) - 2022
  3. Complex Cyanides Exports in Hong Kong SAR
  4. Complex Cyanides Imports in Hong Kong SAR

Complex Cyanides Price in Hong Kong SAR (FOB) - 2022

The average complex cyanides export price stood at $11,028 per ton in 2022, declining by -19.8% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 153%. Over the period under review, the average export prices hit record highs at $113,077 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($15,794 per ton), while the average price for exports to the United States ($64 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 the Netherlands (+37.6%), while the prices for the other major destinations experienced a decline.

Complex Cyanides Price in Hong Kong SAR (CIF) - 2022

The average complex cyanides import price stood at $59,121 per ton in 2022, increasing by 649% against the previous year. Overall, the import price, however, showed a deep setback. Over the period under review, average import prices hit record highs at $168,176 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +54.2% per year.

Complex Cyanides Exports in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in overseas shipments of complex cyanideses, when their volume increased by 537% to 45 tons. Over the period under review, exports, however, saw a dramatic curtailment.

In value terms, complex cyanides exports skyrocketed to $495K in 2022. Overall, exports, however, recorded a dramatic contraction.

Export of Complex Cyanides in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia2,03883993.1487-37.9%
Vietnam54.253.01.47.6-48.0%
United StatesN/AN/AN/A0.80%
Others81.22.22.50.2-86.5%
Total2,17389497.0495-38.9%

Top Export Markets for Complex Cyanides from Hong Kong SAR in 2022:

  1. Malaysia (30.8 tons)
  2. United States (12.9 tons)
  3. Vietnam (1.1 tons)

Complex Cyanides Imports in Hong Kong SAR

In 2022, approx. 1 kg of complex cyanideses were imported into Hong Kong SAR; which is down by -98.9% on 2021. Overall, imports showed a dramatic setback. The pace of growth was the most pronounced in 2021 when imports increased by 1,780%. As a result, imports attained the peak of 94 kg, and then reduced sharply in the following year.

In value terms, complex cyanides imports declined notably to $59 in 2022. Over the period under review, imports saw a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 113%. As a result, imports attained the peak of $744, and then shrank significantly in the following year.

Import of Complex Cyanides in Hong Kong SAR (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom3.01.028.059.0169.9%
China16935.0632N/A93.4%
Others30.031484.0N/A67.3%
Total20235074459.0-33.7%

Top Suppliers of Complex Cyanides to Hong Kong SAR in 2022:

  1. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform

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