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

Contents:

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

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

In 2022, the average import price for cyanides and cyanide oxides; of sodia amounted to $2,280 per ton, growing by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $2,709 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 India ($4,989 per ton), while the price for China ($2,006 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cyanides and cyanide oxides; of sodia stood at $1,944 per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 14%. As a result, the export price reached the peak level of $3,439 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,963 per ton), while the average price for exports to Cambodia amounted to $945 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (-5.4%).

Imports of Cyanides and Cyanide Oxides; of Sodium in Vietnam

In 2022, purchases abroad of cyanides and cyanide oxides; of sodia decreased by -18.5% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of 1.4K tons, and then fell markedly in the following year.

In value terms, imports of cyanides and cyanide oxides; of sodia declined to $2.6M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports attained the peak of $2.9M, and then contracted in the following year.

Import of Cyanides and Cyanide Oxides; of Sodium in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea964545803875-3.2%
China26583266555427.9%
Australia77.915458454190.8%
India199207206190-1.5%
Czech Republic84.480.614313216.1%
Malaysia66.593.212511319.3%
Taiwan (Chinese)11211683.659.3-19.1%
Japan15415217840.7-35.8%
Others11240.412762.9-17.5%
Total2,0352,2202,9152,5688.1%

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

  1. South Korea (381.9 tons)
  2. China (275.9 tons)
  3. Australia (257.9 tons)
  4. Czech Republic (63.0 tons)
  5. Malaysia (54.3 tons)
  6. India (38.1 tons)
  7. Taiwan (Chinese) (24.6 tons)
  8. Japan (11.4 tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Vietnam

After two years of decline, shipments abroad of cyanides and cyanide oxides; of sodia increased by 87% to 8.5 tons in 2022. In general, exports, however, continue to indicate a sharp descent.

In value terms, exports of cyanides and cyanide oxides; of sodia surged to $17K in 2022. Overall, exports, however, showed a significant decline.

Export of Cyanides and Cyanide Oxides; of Sodium in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lao People's Democratic Republic40.224.18.716.4-25.8%
Cambodia0.40.20.10.2-20.6%
OthersN/AN/AN/AN/A0%
Total40.624.48.816.6-25.8%

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

  1. Lao People's Democratic Republic (8.4 tons)
  2. Cambodia (0.2 tons)

Source: IndexBox Market Intelligence Platform

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