Complex Cyanides Price in Vietnam - 2022

Contents:

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

Complex Cyanides Price in Vietnam (CIF) - 2022

The average complex cyanides import price stood at $5,431 per ton in 2022, reducing by -4.8% against the previous year. Over the period under review, the import price saw a precipitous slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $525,028 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -37.6% per year.

Complex Cyanides Price in Vietnam (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $6,304 per ton, shrinking by -25.9% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 272%. The export price peaked at $35,183 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to -15.8% per year.

Complex Cyanides Imports in Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas purchases of complex cyanideses, which increased by 20% to 4K tons in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 923%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, complex cyanides imports stood at $22M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year. As a result, imports reached the peak of $24M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Complex Cyanides in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan5.08.08.79.222.5%
Others10.616.310.312.55.6%
Total15.624.419.121.711.6%

Top Suppliers of Complex Cyanides to Vietnam in 2022:

  1. Japan (4.0K tons)

Complex Cyanides Exports in Vietnam

Complex cyanides exports from Vietnam surged to 1.7 tons in 2022, increasing by 73% compared with the year before. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 193%. As a result, the exports attained the peak of 2.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, complex cyanides exports skyrocketed to $11K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, the exports reached the peak of $13K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Complex Cyanides in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cambodia5.96.68.410.721.9%
Lao People's Democratic RepublicN/A6.5N/AN/A0%
OthersN/AN/AN/AN/A0%
Total5.913.18.410.721.9%

Top Export Markets for Complex Cyanides from Vietnam in 2022:

  1. Cambodia (1.7 tons)

Source: IndexBox Market Intelligence Platform

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