Price for Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR - 2023

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR (CIF) - 2022
  2. Price for Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR
  4. Exports of Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR

Price for Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR (CIF) - 2022

The average import price for cyanides and cyanide oxides; of sodia stood at $271,744 per ton in 2022, picking up by 563% against the previous year. Over the period under review, the import price continues to indicate a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +40.7% per year.

Price for Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR (FOB) - 2022

The average export price for cyanides and cyanide oxides; of sodia stood at $2,191 per ton in 2022, falling by -2.3% against the previous year. In general, the export price showed a perceptible slump. The growth pace was the most rapid in 2016 an increase of 37% against the previous year. The export price peaked at $3,314 per ton in 2012; however, from 2013 to 2022, the 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 the Philippines ($5,251 per ton), while the average price for exports to Zimbabwe ($261 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 the Philippines (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR

Imports of cyanides and cyanide oxides; of sodia into Hong Kong SAR shrank remarkably to 43 kg in 2022, which is down by -92.2% compared with the previous year's figure. Overall, imports faced a sharp descent. The smallest decline of -14.6% was in 2021.

In value terms, imports of cyanides and cyanide oxides; of sodia reduced notably to $12K in 2022. Over the period under review, imports continue to indicate a sharp setback. The smallest decline of -5.5% was in 2021.

Import of Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom10.25.95.411.74.7%
Germany18.616.315.5N/A-8.7%
Others7.81.71.8N/A-52.0%
Total36.623.922.611.7-31.6%

Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to Hong Kong SAR in 2022:

  1. United Kingdom (43.0 kg)

Exports of Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR

After two years of decline, shipments abroad of cyanides and cyanide oxides; of sodia increased by 30% to 78 tons in 2022. In general, exports, however, faced a dramatic setback.

In value terms, exports of cyanides and cyanide oxides; of sodia surged to $170K in 2022. Overall, exports, however, continue to indicate a significant contraction.

Export of Cyanides and Cyanide Oxides; of Sodium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines848188111143-44.8%
Tanzania40513.321.223.1-61.5%
ColombiaN/AN/AN/A2.10%
Zimbabwe27.24.52.01.9-58.8%
Ghana62.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total1,343206134170-49.8%

Top Export Markets for Cyanides and Cyanide Oxides; of Sodium from Hong Kong SAR in 2022:

  1. Tanzania (39.7 tons)
  2. Philippines (27.2 tons)
  3. Zimbabwe (7.3 tons)
  4. Colombia (3.4 tons)

Source: IndexBox Market Intelligence Platform

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