Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR - 2023

Contents:

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

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR (CIF) - 2022

The average import price for cyanides, cyanide oxides and complex cyanideses stood at $60,850 per ton in 2022, with an increase of 741% against the previous year. In general, the import price enjoyed a significant expansion. 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 Germany amounted to +4.3% per year.

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for cyanides, cyanide oxides and complex cyanideses amounted to $16,335 per ton, growing by 21% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 175%. Over the period under review, the average export prices attained the maximum at $57,186 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($174,764 per ton), while the average price for exports to India stood at $10,377 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+375.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR

Imports of cyanides, cyanide oxides and complex cyanideses into Hong Kong SAR declined sharply to 193 kg in 2022, reducing by -98% on the previous year. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 390%.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses fell remarkably to $12K in 2022. Over the period under review, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 42%.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom36.86.823.411.7-31.7%
GermanyN/A6.042.9N/A615.0%
South Korea131N/AN/AN/A0%
OthersN/A36.43.9N/A-89.3%
Total16849.370.211.7-58.9%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Hong Kong SAR in 2022:

  1. United Kingdom (193.0 kg)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR

In 2022, exports of cyanides, cyanide oxides and complex cyanideses from Hong Kong SAR declined remarkably to 401 tons, reducing by -24.2% on 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 409%. As a result, the exports attained the peak of 528 tons, and then reduced dramatically in the following year.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses declined to $6.5M in 2022. The total export value increased at an average annual rate of +10.0% 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 21% against the previous year. As a result, the exports attained the peak of $7.2M, and then fell in the following year.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines1.13.30.91.22.9%
IndiaN/A0.60.30.815.5%
Tanzania1.20.4N/AN/A-66.7%
Malaysia2.41.72.4N/A0.0%
CambodiaN/AN/AN/AN/A0%
Ghana0.2N/AN/AN/A0%
OthersN/AN/A3.44.635.3%
Total4.95.97.26.59.9%

Top Export Markets for Cyanides, Cyanide Oxides and Complex Cyanides from Hong Kong SAR in 2022:

  1. India (73.7 tons)
  2. Philippines (6.6 tons)

Source: IndexBox Market Intelligence Platform

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