Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ethiopia - 2022

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ethiopia (CIF) - 2022
  2. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Ethiopia

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ethiopia (CIF) - 2022

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $2,858 per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2019 when the average import price increased by 16%. The import price peaked at $4,246 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($2,888 per ton) and China ($2,803 per ton), while the price for Georgia ($2,178 per ton) and the Czech Republic ($2,227 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Ethiopia

In 2022, imports of cyanides, cyanide oxides and complex cyanideses into Ethiopia surged to 427 tons, picking up by 33% against the previous year's figure. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 700% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses skyrocketed to $1.2M in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 749%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia24064.96161,00361.1%
China80.222.813711713.4%
GeorgiaN/AN/AN/A41.50%
South Korea26.52.421.727.51.2%
Czech Republic26.44.221.09.7-28.4%
Others2.90.912.620.892.9%
Total37695.18071,22048.0%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Ethiopia in 2022:

  1. Australia (347.4 tons)
  2. China (41.8 tons)
  3. Georgia (19.1 tons)
  4. South Korea (11.0 tons)
  5. Czech Republic (4.3 tons)

Source: IndexBox Market Intelligence Platform

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