Price for Cyanides and Cyanide Oxides; Other than of Sodium in Canada - 2023

Contents:

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

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Canada (CIF) - 2022

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $1,108 per ton, shrinking by -27.7% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2016 an increase of 46%. As a result, import price reached the peak level of $2,779 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($8,647 per ton), while the price for the United States ($887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Canada (FOB) - 2022

In 2022, the average export price for cyanides and cyanide oxides; other than of sodia amounted to $4,954 per ton, with an increase of 47% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 56%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.6% per year.

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Canada

In 2022, the amount of cyanides and cyanide oxides; other than of sodia imported into Canada surged to 311 tons, growing by 23% compared with 2021 figures. Overall, imports recorded a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of 84%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of cyanides and cyanide oxides; other than of sodia reduced to $344K in 2022. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 83%.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2401032072673.6%
Germany97.455.513824.0-37.3%
South Korea48.416.334.513.8-34.2%
Others8.736.78.638.964.7%
Total394212388344-4.4%

Top Suppliers of Cyanides and Cyanide Oxides; Other than of Sodium to Canada in 2022:

  1. United States (301.3 tons)
  2. Germany (4.5 tons)
  3. South Korea (1.6 tons)

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Canada

In 2022, overseas shipments of cyanides and cyanide oxides; other than of sodia decreased by -72.9% to 36 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 349% against the previous year.

In value terms, exports of cyanides and cyanide oxides; other than of sodia dropped sharply to $179K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 279%.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States85.431644717727.5%
Others0.48.51.91.762.0%
Total85.732544917927.8%

Top Export Markets for Cyanides and Cyanide Oxides; Other than of Sodium from Canada in 2022:

  1. United States (35.4 tons)

Source: IndexBox Market Intelligence Platform

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