Price for Cyanides and Cyanide Oxides; of Sodium in Chile - 2023

Price for Cyanides and Cyanide Oxides; of Sodium in Chile (CIF) - 2023

The average import price for cyanides and cyanide oxides; of sodia stood at $1,997 per ton in December 2023, with a decrease of -5.4% against the previous month. Overall, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in January 2023 an increase of 11% against the previous month. As a result, import price attained the peak level of $3,358 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($2,535 per ton), while the price for the United States ($1,890 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Cyanides and Cyanide Oxides; of Sodium in Chile (FOB) - 2022

The average export price for cyanides and cyanide oxides; of sodia stood at $2,756 per ton in 2022, with a decrease of -26.9% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 255%. As a result, the export price attained the peak level of $14,713 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($5,225 per ton), while the average price for exports to Argentina ($2,623 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 Paraguay (+0.2%).

Imports of Cyanides and Cyanide Oxides; of Sodium in Chile

For the fourth year in a row, Chile recorded growth in supplies from abroad of cyanides and cyanide oxides; of sodia, which increased by 43% to 8.8K tons in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% 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 +70.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides and cyanide oxides; of sodia soared to $21M in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cyanides and Cyanide Oxides; of Sodium in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	0.3	N/A	4.0	14.8	266.8%
United States	8.5	3.4	2.7	4.4	-19.7%
South Korea	0.2	1.0	0.3	1.0	71.0%
Brazil	N/A	0.1	0.2	0.4	100.0%
China	0.4	6.2	1.2	0.1	-37.0%
Others	1.4	1.2	3.4	0.4	-34.1%
Total	10.7	12.0	11.8	21.2	25.6%

Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to Chile in 2022:

Australia (6.1K tons)
United States (2.0K tons)
South Korea (0.5K tons)
Brazil (0.1K tons)
China (0.1K tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Chile

For the fourth consecutive year, Chile recorded growth in overseas shipments of cyanides and cyanide oxides; of sodia, which increased by 1,316% to 132 tons in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides and cyanide oxides; of sodia skyrocketed to $365K in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.