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

Contents:

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

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

In 2022, the average import price for cyanides and cyanide oxides; of sodia amounted to $2,303 per ton, picking up by 8.6% against the previous year. In general, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of 13%. As a result, import price attained the peak level of $3,642 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($19,324 per ton), while the price for China ($2,294 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cyanides and cyanide oxides; of sodia amounted to $2,726 per ton, shrinking by -9.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. The export price peaked at $4,302 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($2,824 per ton), while the average price for exports to Myanmar stood at $2,726 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+1.6%).

Imports of Cyanides and Cyanide Oxides; of Sodium in Thailand

In 2022, purchases abroad of cyanides and cyanide oxides; of sodia was finally on the rise to reach 1.5K tons after two years of decline. Over the period under review, imports, however, showed a abrupt curtailment.

In value terms, imports of cyanides and cyanide oxides; of sodia skyrocketed to $3.6M in 2022. Overall, imports, however, showed a abrupt shrinkage.

Import of Cyanides and Cyanide Oxides; of Sodium in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,6331,9981,8973,3168.0%
Japan79.417417911312.5%
Taiwan (Chinese)N/A88.988.189.50.3%
South Korea738664N/A44.8-60.7%
Czech Republic936591400N/A-34.6%
Others0.73.50.51.012.6%
Total4,3863,5192,5643,564-6.7%

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

  1. China (1445.5 tons)
  2. Japan (48.0 tons)
  3. Taiwan (Chinese) (36.0 tons)
  4. South Korea (18.0 tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Thailand

In 2022, the amount of cyanides and cyanide oxides; of sodia exported from Thailand surged to 1K tons, jumping by 112% compared with 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 115,668% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cyanides and cyanide oxides; of sodia soared to $2.8M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 123,995% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

Export of Cyanides and Cyanide Oxides; of Sodium in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Myanmar2470.11,0452,807124.8%
Lao People's Democratic RepublicN/A1.14110.7-20.2%
OthersN/AN/AN/AN/A0%
Total2471.21,4562,808124.9%

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

  1. Myanmar (1029.8 tons)
  2. Lao People's Democratic Republic (0.2 tons)

Source: IndexBox Market Intelligence Platform

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