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

Contents:

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

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

In 2022, the average import price for cyanides and cyanide oxides; of sodia amounted to $2,981 per ton, increasing by 25% against the previous year. Overall, the import price, however, saw a slight descent. Over the period under review, average import prices attained the maximum at $4,229 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,723 per ton), while the price for the Czech Republic amounted to $2,958 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+89.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cyanides and cyanide oxides; of sodia amounted to $6,007 per ton, surging by 138% against the previous year. Overall, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +9.9% per year.

Imports of Cyanides and Cyanide Oxides; of Sodium in Singapore

For the third consecutive year, Singapore recorded growth in supplies from abroad of cyanides and cyanide oxides; of sodia, which increased by 0.8% to 10 tons in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 81%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of cyanides and cyanide oxides; of sodia surged to $30K in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Cyanides and Cyanide Oxides; of Sodium in Singapore (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Czech Republic1.94.829.3292.7%
Germany6.28.60.5-71.6%
Malaysia0.40.6N/A50.0%
United States4.87.2N/A50.0%
Taiwan (Chinese)2.02.5N/A25.0%
Others0.2N/AN/A0%
Total15.423.629.839.1%

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

  1. Czech Republic (9.9 tons)
  2. Germany (0.1 tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of cyanides and cyanide oxides; of sodia, which decreased by -98.7% to 977 kg in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of -8.4% was in 2020.

In value terms, exports of cyanides and cyanide oxides; of sodia dropped dramatically to $5.9K in 2022. Over the period under review, exports showed a dramatic contraction. The smallest decline of -1.7% was in 2020.

Export of Cyanides and Cyanide Oxides; of Sodium in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand0.41.61.85.9145.2%
Tanzania11.055.718.3N/A29.0%
Peru40.0N/AN/AN/A0%
ZimbabweN/AN/A68.6N/A0%
Papua New Guinea135N/AN/AN/A0%
Philippines11.697.573.8N/A152.2%
Myanmar6.044.930.5N/A125.5%
Others0.10.60.5N/A123.6%
Total2042001945.9-69.3%

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

  1. Thailand (977.0 kg)

Source: IndexBox Market Intelligence Platform

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