Price for Cyanides and Cyanide Oxides; of Sodium in South Korea - 2022
Contents:
- Price for Cyanides and Cyanide Oxides; of Sodium in South Korea (FOB) - 2022
- Price for Cyanides and Cyanide Oxides; of Sodium in South Korea (CIF) - 2022
- Exports of Cyanides and Cyanide Oxides; of Sodium in South Korea
- Imports of Cyanides and Cyanide Oxides; of Sodium in South Korea
Price for Cyanides and Cyanide Oxides; of Sodium in South Korea (FOB) - 2022
In December 2022, the average export price for cyanides and cyanide oxides; of sodia amounted to $2,102 per ton, growing by 3.5% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 7.9% against the previous month. Over the period under review, the average export prices attained the maximum in December 2022.
Average prices varied somewhat for the major export markets. In December 2022, the highest price was recorded for prices to Tanzania ($2,381 per ton) and Indonesia ($2,369 per ton), while the average price for exports to Burkina Faso ($1,600 per ton) and Mali ($1,673 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cyanides and Cyanide Oxides; of Sodium in South Korea (CIF) - 2022
The average import price for cyanides and cyanide oxides; of sodia stood at $2,581 per ton in 2022, dropping by -41.4% against the previous year. In general, the import price, however, recorded temperate growth. The growth pace was the most rapid in 2020 an increase of 957% against the previous year. As a result, import price attained the peak level of $18,397 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,521 per ton), while the price for Ghana ($1,923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced a decline.
Exports of Cyanides and Cyanide Oxides; of Sodium in South Korea
In 2022, exports of cyanides and cyanide oxides; of sodia from South Korea reduced remarkably to 88K tons, waning by -23.9% compared with 2021 figures. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. As a result, the exports attained the peak of 115K tons, and then dropped sharply in the following year.
In value terms, exports of cyanides and cyanide oxides; of sodia reduced to $162M in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 2.1%.
| Export of Cyanides and Cyanide Oxides; of Sodium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 26.4 | 26.0 | 29.0 | 22.3 | -5.5% |
| Papua New Guinea | 10.9 | 10.4 | 10.5 | 16.7 | 15.3% |
| Cote d'Ivoire | 8.6 | 12.7 | 18.9 | 15.4 | 21.4% |
| Indonesia | 13.0 | 9.7 | 13.2 | 13.6 | 1.5% |
| Ghana | 5.3 | 14.1 | 10.9 | 13.4 | 36.2% |
| Tanzania | 9.0 | 7.5 | 9.6 | 11.8 | 9.4% |
| Peru | 3.0 | 7.7 | 8.7 | 9.7 | 47.9% |
| Mexico | 5.7 | 3.6 | 6.9 | 9.4 | 18.1% |
| Turkey | 14.4 | 12.9 | 6.5 | 8.8 | -15.1% |
| Mali | 12.9 | 6.2 | 3.0 | 7.5 | -16.5% |
| Philippines | 11.8 | 7.4 | 5.2 | 2.5 | -40.4% |
| Russia | 36.2 | 20.2 | 33.9 | 2.4 | -59.5% |
| Guinea | 7.3 | 5.5 | 2.3 | 0.6 | -56.5% |
| Others | 43.4 | 38.4 | 27.4 | 27.9 | -13.7% |
| Total | 208 | 182 | 186 | 162 | -8.0% |
Top Export Markets for Cyanides and Cyanide Oxides; of Sodium from South Korea in 2022:
- Burkina Faso (13.4K tons)
- Cote d'Ivoire (9.5K tons)
- Papua New Guinea (8.8K tons)
- Ghana (7.6K tons)
- Indonesia (6.3K tons)
- Tanzania (5.9K tons)
- Turkey (5.0K tons)
- Peru (5.0K tons)
- Mali (5.0K tons)
- Mexico (4.6K tons)
- Russia (1.8K tons)
- Philippines (1.4K tons)
- Guinea (0.4K tons)
Imports of Cyanides and Cyanide Oxides; of Sodium in South Korea
In 2022, approx. 950 tons of cyanides and cyanide oxides; of sodia were imported into South Korea; with an increase of 112,416% compared with the year before. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cyanides and cyanide oxides; of sodia surged to $2.5M in 2022. In general, imports recorded a significant expansion. 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 34.7 | N/A | N/A | 1,461 | 247.9% |
| United States | 1.6 | 2.6 | 1.7 | 732 | 670.5% |
| Netherlands | N/A | N/A | N/A | 258 | 0% |
| Others | 0.1 | N/A | 2.0 | 0.1 | 0.0% |
| Total | 36.5 | 2.7 | 3.7 | 2,451 | 306.5% |
Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to South Korea in 2022:
- Ghana (760.0 tons)
- Netherlands (126.0 tons)
- United States (63.6 tons)
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