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

Contents:

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

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

The average import price for cyanides and cyanide oxides; of sodia stood at $2,125 per ton in December 2021, stabilizing at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 an increase of 12% m-o-m. As a result, import price reached the peak level of $2,179 per ton. From November 2021 to December 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was China ($2,115 per ton), while the price for South Korea amounted to $2,100 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cyanides and cyanide oxides; of sodia stood at $1,929 per ton in 2022, with an increase of 53% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 61%. The export price peaked at $2,935 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($3,448 per ton), while the average price for exports to Burundi ($1,318 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 Burundi (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyanides and Cyanide Oxides; of Sodium in Tanzania

In 2022, supplies from abroad of cyanides and cyanide oxides; of sodia decreased by -10% to 17K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 24%.

In value terms, imports of cyanides and cyanide oxides; of sodia rose modestly to $38M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 17%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Cyanides and Cyanide Oxides; of Sodium in Tanzania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.01.81.915.6149.9%
South Korea7.712.817.214.623.8%
Australia14.79.04.85.6-27.5%
IndiaN/A0.30.91.5123.6%
Georgia1.03.11.70.4-26.3%
Hong Kong SAR1.00.31.0N/A0.0%
Taiwan (Chinese)2.65.36.4N/A56.9%
Others2.73.63.10.7-36.2%
Total30.836.137.038.47.6%

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

  1. China (7.2K tons)
  2. South Korea (6.6K tons)
  3. Australia (2.1K tons)
  4. India (0.7K tons)
  5. Georgia (0.2K tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Tanzania

In 2022, overseas shipments of cyanides and cyanide oxides; of sodia decreased by -72.1% to 67 tons, falling for the second year in a row after two years of growth. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 292 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cyanides and cyanide oxides; of sodia shrank dramatically to $129K in 2022. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. As a result, the exports reached the peak of $303K, and then declined rapidly in the following year.

Export of Cyanides and Cyanide Oxides; of Sodium in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the Congo52.824.23.677.813.8%
Burundi10818527134.4-31.7%
ZambiaN/AN/AN/A17.20%
Uganda43.918.420.9N/A-31.0%
OthersN/AN/A7.4N/A0%
Total205228303129-14.3%

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

  1. Democratic Republic of the Congo (36.0 tons)
  2. Burundi (26.1 tons)
  3. Zambia (5.0 tons)

Source: IndexBox Market Intelligence Platform

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