Price for Cyanides and Cyanide Oxides; of Sodium in the Philippines - 2023
Contents:
- Price for Cyanides and Cyanide Oxides; of Sodium in the Philippines (CIF) - 2023
- Imports of Cyanides and Cyanide Oxides; of Sodium in the Philippines
Price for Cyanides and Cyanide Oxides; of Sodium in the Philippines (CIF) - 2023
In September 2023, the average import price for cyanides and cyanide oxides; of sodia amounted to $1,726 per ton, shrinking by -25.3% against the previous month. In general, the import price showed a noticeable decline. The growth pace was the most rapid in April 2023 when the average import price increased by 31% month-to-month. The import price peaked at $2,823 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($10,765 per ton), while the price for China stood at $1,724 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cyanides and Cyanide Oxides; of Sodium in the Philippines
In 2022, the amount of cyanides and cyanide oxides; of sodia imported into the Philippines rose sharply to 11K tons, with an increase of 9.7% on 2021 figures. The total import volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cyanides and cyanide oxides; of sodia amounted to $23M in 2022. The total import value increased at an average annual rate of +9.5% over the period 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 2021 with an increase of 23% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Cyanides and Cyanide Oxides; of Sodium in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 7.4 | 12.8 | 19.8 | 59.3% |
| South Korea | 9.5 | 6.8 | 4.6 | 2.8 | -33.5% |
| Japan | 0.5 | 0.1 | 0.3 | 0.7 | 11.9% |
| Others | 2.9 | 3.0 | 3.5 | N/A | 9.9% |
| Total | 17.8 | 17.3 | 21.2 | 23.3 | 9.4% |
Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to the Philippines in 2022:
- China (9.4K tons)
- South Korea (1.4K tons)
- Japan (0.3K tons)
232
This report provides an in-depth analysis of the market for cyanides and cyanide oxides in the Philippines.
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This report provides an in-depth analysis of the market for cyanides, cyanide oxides and complex cyanides in the Philippines.
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This report provides an in-depth analysis of the global market for cyanides and cyanide oxides.
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This report provides an in-depth analysis of the global market for cyanides, cyanide oxides and complex cyanides.
232
This report provides an in-depth analysis of the market for cyanides and cyanide oxides in the Philippines.
374
This report provides an in-depth analysis of the market for cyanides, cyanide oxides and complex cyanides in the Philippines.
350
This report provides an in-depth analysis of the global market for cyanides and cyanide oxides.
388
This report provides an in-depth analysis of the global market for cyanides, cyanide oxides and complex cyanides.
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In value terms, cyanides, cyanide oxides and complex cyanides imports totaled $X in 2016. Overall, cyanides, cyanide oxides and complex cyanides imports continue to indicate a prominent increase. Ove...
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In value terms, cyanides, cyanide oxides and complex cyanides exports amounted to $X in 2016. In general, cyanides, cyanide oxides and complex cyanides exports continue to indicate a prominent grow...
1434
In value terms, cyanides, cyanide oxides and complex cyanides imports totaled $X in 2016. Overall, cyanides, cyanide oxides and complex cyanides imports continue to indicate a prominent increase. Ove...
1273
In value terms, cyanides, cyanide oxides and complex cyanides exports amounted to $X in 2016. In general, cyanides, cyanide oxides and complex cyanides exports continue to indicate a prominent grow...
