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

Contents:

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

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

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $2,246 per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 22%. The import price peaked at $3,667 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Georgia ($3,283 per ton), while the price for China ($1,765 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2021, the average export price for cyanides, cyanide oxides and complex cyanideses amounted to $1,379 per ton, falling by -91.3% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 a decrease of -34.7% against the previous year. The export price peaked at $15,770 per ton in 2020, and then fell rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2017 to 2021, the rate of growth in terms of prices for Colombia amounted to -90.9% per year.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Ecuador

In 2022, imports of cyanides, cyanide oxides and complex cyanideses into Ecuador contracted to 4.4K tons, dropping by -4.3% compared with 2021 figures. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 9.4% against the previous year. As a result, imports reached the peak of 4.6K tons, and then declined slightly in the following year.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses dropped slightly to $10M in 2022. Overall, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1.51.03.52.111.9%
China3.52.90.91.9-18.4%
Russia1.61.82.01.95.9%
Georgia1.51.71.91.86.3%
United States0.71.31.31.219.7%
Peru0.10.10.20.571.0%
Czech Republic0.80.40.30.3-27.9%
Others0.80.40.40.1-50.0%
Total10.49.510.410.0-1.3%

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

  1. South Korea (1125.3 tons)
  2. China (1098.3 tons)
  3. Russia (766.8 tons)
  4. Georgia (562.9 tons)
  5. United States (408.9 tons)
  6. Peru (270.7 tons)
  7. Czech Republic (180.4 tons)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Ecuador

In 2021, approx. 8.7 tons of cyanides, cyanide oxides and complex cyanideses were exported from Ecuador; increasing by 994% against the previous year's figure. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses reduced to $12K in 2021. Over the period under review, exports, however, continue to indicate a perceptible downturn.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Ecuador (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
United States12.612.0-4.8%
OthersN/A0.10%
Total12.612.1-4.0%

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

  1. United States (8.7 tons)

Source: IndexBox Market Intelligence Platform

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