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

Contents:

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

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

The average import price for cyanides and cyanide oxides; of sodia stood at $2,188 per ton in 2022, picking up by 16% against the previous year. Overall, the import price, however, saw a perceptible decrease. Over the period under review, average import prices reached the peak figure at $3,332 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($3,059 per ton) and South Korea ($2,761 per ton), while the price for China ($2,090 per ton) and Australia ($2,265 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cyanides and cyanide oxides; of sodia stood at $2,735 per ton in 2022, growing by 30% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2013 an increase of 74%. As a result, the export price reached the peak level of $5,268 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($2,816 per ton), while the average price for exports to Cambodia ($1,957 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 Vietnam (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyanides and Cyanide Oxides; of Sodium in Malaysia

In 2022, the amount of cyanides and cyanide oxides; of sodia imported into Malaysia soared to 4.6K tons, rising by 16% on the previous year's figure. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of cyanides and cyanide oxides; of sodia skyrocketed to $10M in 2022. In general, imports continue to indicate 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 Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia0.30.11.15.2158.8%
China3.34.55.24.611.7%
South Korea0.70.50.10.1-47.7%
Papua New GuineaN/AN/A0.7N/A0%
Others0.20.60.40.1-20.6%
Total4.65.77.510.130.0%

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

  1. Australia (2.3K tons)
  2. China (2.2K tons)
  3. South Korea (0.1K tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Malaysia

For the fourth year in a row, Malaysia recorded growth in shipments abroad of cyanides and cyanide oxides; of sodia, which increased by 386% to 2.5K tons in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 3,033%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cyanides and cyanide oxides; of sodia soared to $6.9M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,628%. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Cyanides and Cyanide Oxides; of Sodium in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia6.836.66536,309875.3%
CambodiaN/AN/A3533550.6%
Vietnam0.93.547.9270569.4%
OthersN/AN/A41.7N/A0%
Total7.740.21,0966,935865.7%

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

  1. Indonesia (2240.5 tons)
  2. Cambodia (181.6 tons)
  3. Vietnam (113.5 tons)

Source: IndexBox Market Intelligence Platform

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