Price for Cyanides, Cyanide Oxides and Complex Cyanides in Sri Lanka - 2022

Contents:

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

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

The average import price for cyanides, cyanide oxides and complex cyanideses stood at $37,485 per ton in 2022, with an increase of 413% against the previous year. In general, the import price saw prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($203,571 per ton), while the price for India ($8,799 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2020, the average export price for cyanides, cyanide oxides and complex cyanideses amounted to $4,279 per ton, waning by -34.8% against the previous year. In general, the export price recorded a deep reduction. Over the period under review, the average export prices hit record highs at $19,979 per ton in 2017; however, from 2018 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Maldives amounted to +20.3% per year.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Sri Lanka

In 2022, purchases abroad of cyanides, cyanide oxides and complex cyanideses decreased by -78.2% to 423 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 633% against the previous year. As a result, imports reached the peak of 1.9 tons, and then fell sharply in the following year.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses expanded significantly to $16K in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 202%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia0.3N/AN/A8.6206.1%
ChinaN/A0.10.54.4563.3%
Japan0.30.41.41.467.1%
India0.20.33.21.281.7%
Germany0.22.00.20.1-20.6%
South Africa0.20.52.6N/A260.6%
Singapore0.40.72.6N/A155.0%
Others0.30.83.70.2-12.6%
Total1.84.714.215.9106.7%

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

  1. Australia (184.0 kg)
  2. India (134.0 kg)
  3. China (94.0 kg)
  4. Japan (7.0 kg)
  5. Germany (1.0 kg)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Sri Lanka

Exports of cyanides, cyanide oxides and complex cyanideses from Sri Lanka skyrocketed to 8.8 tons in 2020, picking up by 167% on the year before. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses soared to $38K in 2020. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Sri Lanka (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
TanzaniaN/A37.70%
Ghana21.7N/A0%
OthersN/AN/A0%
Total21.737.773.7%

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

  1. Tanzania (8.8 tons)

Source: IndexBox Market Intelligence Platform

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