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

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania (CIF) - 2022
  2. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania (FOB) - 2022
  3. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania
  4. Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania

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

In December 2021, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $2,128 per ton, flattening at the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 12% month-to-month. As a result, import price reached the peak level of $2,179 per ton. From November 2021 to December 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was China ($2,115 per ton), while the price for South Korea stood at $2,100 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania (FOB) - 2022

The average export price for cyanides, cyanide oxides and complex cyanideses stood at $1,905 per ton in 2022, increasing by 50% against the previous year. Overall, the export price, however, recorded a perceptible decrease. The export price peaked at $3,101 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($3,448 per ton), while the average price for exports to Burundi ($1,278 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+8.4%), while the prices for the other major destinations experienced a decline.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania

After three years of growth, purchases abroad of cyanides, cyanide oxides and complex cyanideses decreased by -10% to 17K tons in 2022. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses reached $38M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.01.92.115.6149.9%
South Korea8.013.718.914.622.2%
Australia15.29.75.35.6-28.3%
IndiaN/A0.31.01.5123.6%
Georgia1.13.31.90.4-28.6%
Hong Kong SAR1.10.31.1N/A0.0%
Taiwan (Chinese)1.63.23.6N/A50.0%
Others2.83.63.20.7-37.0%
Total30.836.137.038.47.6%

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

  1. China (7.2K tons)
  2. South Korea (6.6K tons)
  3. Australia (2.1K tons)
  4. India (0.7K tons)
  5. Georgia (0.2K tons)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania

In 2022, overseas shipments of cyanides, cyanide oxides and complex cyanideses decreased by -71.5% to 68 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, the exports reached the peak of 238 tons, and then fell dramatically in the following year.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses fell rapidly to $129K in 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $303K, and then shrank notably in the following year.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the Congo52.424.33.477.814.1%
Burundi10818625634.4-31.7%
Zambia8.214.916.017.228.0%
Uganda43.618.419.8N/A-32.6%
Others1.60.57.5N/A116.5%
Total214244303129-15.5%

Top Export Markets for Cyanides, Cyanide Oxides and Complex Cyanides from Tanzania in 2022:

  1. Democratic Republic of the Congo (36.0 tons)
  2. Burundi (26.9 tons)
  3. Zambia (5.0 tons)

Source: IndexBox Market Intelligence Platform

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