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

Contents:

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

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

The average import price for cyanides and cyanide oxides; other than of sodia stood at $8,124 per ton in 2022, rising by 7.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. The import price peaked at $12,925 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 South Korea ($10,156 per ton), while the price for Malaysia ($1,892 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cyanides and cyanide oxides; other than of sodia stood at $144,591 per ton in 2022, falling by -5.7% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,379%. The export price peaked at $261,121 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +7.3% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of cyanides and cyanide oxides; other than of sodia, when their volume decreased by -6.6% to 136 tons. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%.

In value terms, imports of cyanides and cyanide oxides; other than of sodia stood at $1.1M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea26030125347222.0%
Japan396305392310-7.8%
Czech Republic160104282135-5.5%
MalaysiaN/A3.912.28.345.9%
France18874.4N/AN/A-60.4%
Others90.910416818226.0%
Total1,0958911,1071,1090.4%

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

  1. Japan (58.6 tons)
  2. South Korea (46.5 tons)
  3. Czech Republic (25.7 tons)
  4. Malaysia (4.4 tons)

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

In 2022, approx. 66 kg of cyanides and cyanide oxides; other than of sodia were exported from Thailand; with an increase of 200% against the previous year. Over the period under review, exports, however, recorded a dramatic downturn.

In value terms, exports of cyanides and cyanide oxides; other than of sodia surged to $9.5K in 2022. Overall, exports, however, recorded a abrupt contraction.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam13.91.73.49.5-11.9%
OthersN/AN/AN/AN/A0%
Total13.91.73.49.5-11.9%

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

  1. Vietnam (66.0 kg)

Source: IndexBox Market Intelligence Platform

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