Complex Cyanides Price in the Philippines - 2023

Contents:

  1. Complex Cyanides Price in the Philippines (CIF) - 2022
  2. Complex Cyanides Imports in the Philippines

Complex Cyanides Price in the Philippines (CIF) - 2022

In 2022, the average complex cyanides import price amounted to $23,169 per ton, increasing by 143% against the previous year. Overall, the import price saw a modest expansion. The pace of growth appeared the most rapid in 2019 an increase of 185% against the previous year. Over the period under review, average import prices reached the maximum at $44,350 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($31,446 per ton), while the price for Singapore totaled $22,301 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Imports in the Philippines

In 2022, the amount of complex cyanideses imported into the Philippines declined notably to 304 kg, waning by -66.7% compared with the previous year. In general, imports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 4,470%.

In value terms, complex cyanides imports reduced rapidly to $7K in 2022. Overall, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 883%.

Import of Complex Cyanides in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore0.30.61.86.1172.9%
Germany0.10.30.30.9108.0%
ChinaN/AN/A3.6N/A0%
Japan33.7N/A1.0N/A-82.8%
Others79.6N/A2.1N/A-83.8%
Total1140.98.77.0-60.5%

Top Suppliers of Complex Cyanides to the Philippines in 2022:

  1. Singapore (275.0 kg)
  2. Germany (29.0 kg)

Source: IndexBox Market Intelligence Platform

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