Complex Cyanides Price in Malaysia - 2021

Contents:

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

Complex Cyanides Price in Malaysia (CIF) - 2022

The average complex cyanides import price stood at $147,354 per ton in 2022, waning by -1.7% against the previous year. In general, the import price, however, showed a moderate expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 153% against the previous year. Over the period under review, average import prices hit record highs at $226,349 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($419,450 per ton), while the price for China ($3,521 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Price in Malaysia (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $2,978 per ton, dropping by -26.2% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 58%. The export price peaked at $5,142 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($2,978 per ton), while the average price for exports to Vietnam amounted to $2,977 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.7%).

Complex Cyanides Imports in Malaysia

After three years of growth, supplies from abroad of complex cyanideses decreased by -9.4% to 25 tons in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 123%.

In value terms, complex cyanides imports dropped to $3.7M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +66.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year.

Import of Complex Cyanides in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR1,3478883,6532,62224.9%
Taiwan (Chinese)7942,2583959195.0%
Japan35.916.346.082.431.9%
China9.232.317.715.218.2%
Others64.180.282.396.114.5%
Total2,2503,2754,1953,73518.4%

Top Suppliers of Complex Cyanides to Malaysia in 2022:

  1. Japan (7.7 tons)
  2. Hong Kong SAR (6.3 tons)
  3. Taiwan (Chinese) (5.3 tons)
  4. China (4.3 tons)

Complex Cyanides Exports in Malaysia

In 2022, exports of complex cyanideses from Malaysia surged to 29 tons, picking up by 35% against 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,912% against the previous year. As a result, the exports reached the peak of 29 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, complex cyanides exports dropped to $86K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 4,384% against the previous year.

Export of Complex Cyanides in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore0.534.075.475.0431.3%
Vietnam1.44.911.211.5101.8%
United Arab EmiratesN/A47.2N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1.986.286.786.4256.9%

Top Export Markets for Complex Cyanides from Malaysia in 2022:

  1. Singapore (25.2 tons)
  2. Vietnam (3.9 tons)

Source: IndexBox Market Intelligence Platform

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