Complex Cyanides Price in Mexico - 2023

Contents:

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

Complex Cyanides Price in Mexico (CIF) - 2022

In 2022, the average complex cyanides import price amounted to $13,415 per ton, falling by -2.6% against the previous year. Overall, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 234% against the previous year. As a result, import price attained the peak level of $13,771 per ton, and then fell modestly in the following year.

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 Germany ($18,169 per ton), while the price for the United States amounted to $8,078 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+39.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Price in Mexico (FOB) - 2022

The average complex cyanides export price stood at $484 per ton in 2022, dropping by -30.6% against the previous year. Overall, the export price continues to indicate a sharp decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 22%. As a result, the export price attained the peak level of $54,261 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -20.2% per year.

Complex Cyanides Imports in Mexico

In 2022, the amount of complex cyanideses imported into Mexico contracted sharply to 2.3 tons, shrinking by -18.9% on 2021. Over the period under review, imports saw a precipitous contraction.

In value terms, complex cyanides imports dropped remarkably to $31K in 2022. In general, imports recorded a significant decrease. The smallest decline of -9.4% was in 2020.

Import of Complex Cyanides in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany167134N/A21.9-49.2%
United States26.481.613.78.7-30.9%
China328123N/AN/A-62.5%
India95.722025.0N/A-48.9%
OthersN/AN/AN/AN/A0%
Total61755938.730.6-63.3%

Top Suppliers of Complex Cyanides to Mexico in 2022:

  1. Germany (1.2 tons)
  2. United States (1.1 tons)

Complex Cyanides Exports in Mexico

Complex cyanides exports from Mexico skyrocketed to 303 tons in 2022, growing by 146% compared with the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 467% against the previous year. As a result, the exports reached the peak of 350 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, complex cyanides exports skyrocketed to $147K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 213%. As a result, the exports reached the peak of $208K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Complex Cyanides in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
CanadaN/AN/AN/A1470%
Colombia64.420785.2N/A15.0%
Others2.00.40.70.1-63.2%
Total66.320886.014730.4%

Top Export Markets for Complex Cyanides from Mexico in 2022:

  1. Canada (303.1 tons)

Source: IndexBox Market Intelligence Platform

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