Price for Cyanides and Cyanide Oxides; of Sodium in Colombia - 2022

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Colombia (CIF) - 2022
  2. Price for Cyanides and Cyanide Oxides; of Sodium in Colombia (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; of Sodium in Colombia
  4. Exports of Cyanides and Cyanide Oxides; of Sodium in Colombia

Price for Cyanides and Cyanide Oxides; of Sodium in Colombia (CIF) - 2022

The average import price for cyanides and cyanide oxides; of sodia stood at $2,180 per ton in February 2022, which is down by -4.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 25% against the previous month. Over the period under review, average import prices reached the maximum at $2,464 per ton in September 2021; however, from October 2021 to February 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($3,036 per ton), while the price for Australia ($2,013 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cyanides and cyanide oxides; of sodia stood at $2,690 per ton in February 2021, shrinking by -33.2% against the previous month. Over the period under review, the export price faced a sharp slump. As a result, the export price attained the peak level of $4,028 per ton, and then dropped significantly in the following month.

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

From January 2021 to February 2021, the rate of growth in terms of prices for Ecuador amounted to 0.0% per month.

Imports of Cyanides and Cyanide Oxides; of Sodium in Colombia

Imports of cyanides and cyanide oxides; of sodia into Colombia surged to 5.8K tons in 2022, picking up by 34% on 2021. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cyanides and cyanide oxides; of sodia skyrocketed to $13M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cyanides and Cyanide Oxides; of Sodium in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia0.61.42.36.0115.4%
South Korea2.32.11.94.424.1%
China0.70.91.32.654.9%
Czech Republic0.10.10.10.226.0%
Georgia2.12.63.2N/A23.4%
Others0.10.10.30.10.0%
Total5.87.29.213.331.9%

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

  1. Australia (3.1K tons)
  2. South Korea (1.7K tons)
  3. China (1.0K tons)
  4. Czech Republic (0.1K tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Colombia

In 2022, exports of cyanides and cyanide oxides; of sodia from Colombia skyrocketed to 426 tons, picking up by 133% on the previous year. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides and cyanide oxides; of sodia soared to $1.7M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cyanides and Cyanide Oxides; of Sodium in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela23164680.61,74196.1%
Ecuador201145439N/A47.8%
OthersN/AN/AN/AN/A0%
Total4327915201,74159.1%

Top Export Markets for Cyanides and Cyanide Oxides; of Sodium from Colombia in 2022:

  1. Venezuela (426.3 tons)

Source: IndexBox Market Intelligence Platform

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