Report Update: May 1, 2024

Thailand - Cyanides, Cyanide Oxides And Complex Cyanides - Market Analysis, Forecast, Size, Trends And Insights

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Price for Cyanides, Cyanide Oxides and Complex Cyanides in Thailand - 2024

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Thailand (CIF) - 2024

In January 2024, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $10,740 per ton, with an increase of 367% against the previous month. Overall, the import price enjoyed resilient growth. The growth pace was the most rapid in April 2023 an increase of 1,361% m-o-m. As a result, import price attained the peak level of $68,109 per ton. From May 2023 to January 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($40,016 per ton), while the price for South Korea ($9,754 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cyanides, cyanide oxides and complex cyanideses amounted to $2,734 per ton, rising by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 320% against the previous year. As a result, the export price attained the peak level of $16,919 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($11,320 per ton), while the average price for exports to Myanmar ($2,727 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 India (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Thailand

In 2022, after two years of decline, there was significant growth in supplies from abroad of cyanides, cyanide oxides and complex cyanideses, when their volume increased by 30% to 1.7K tons. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses surged to $4.8M in 2022. Overall, imports, however, recorded a perceptible slump.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,679	2,032	1,976	3,391	8.2%
South Korea	998	965	253	518	-19.6%
Japan	481	484	576	426	-4.0%
Czech Republic	1,096	695	681	135	-50.2%
Taiwan (Chinese)	N/A	88.9	88.1	89.5	0.3%
Others	291	194	199	204	-11.2%
Total	5,546	4,460	3,774	4,765	-4.9%

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

China (1466.5 tons)
Japan (106.7 tons)
South Korea (64.6 tons)
Taiwan (Chinese) (36.0 tons)
Czech Republic (25.6 tons)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Thailand

In 2022, exports of cyanides, cyanide oxides and complex cyanideses from Thailand soared to 1K tons, picking up by 58% against 2021 figures. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 20,211% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses surged to $2.8M in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 19,153%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Myanmar	193	0.1	1,045	2,809	144.2%
Indonesia	41.6	1.3	10.6	11.8	-34.3%
Lao People's Democratic Republic	N/A	1.1	411	0.7	-20.2%
Others	44.0	5.2	5.9	11.5	-36.1%
Total	279	7.6	1,472	2,833	116.5%

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

Myanmar (1029.8 tons)
Indonesia (5.3 tons)
Lao People's Democratic Republic (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for cyanides, cyanide oxides and complex cyanides in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023