Asia: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Asia

The Asian cyanides and cyanide oxides market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, continues to indicate a slight setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Asia

In value terms, cyanides and cyanide oxides production declined modestly to $X in 2022 estimated in export price. In general, production recorded a pronounced curtailment. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in Asia

In 2022, after seven years of growth, there was decline in overseas shipments of cyanides, cyanide oxides and complex cyanides, when their volume decreased by X% to X tons. Total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, cyanides and cyanide oxides exports totaled $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the main exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by South Korea (X tons), comprising a X% share of total exports. Georgia (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), South Korea ($X) and Georgia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports in Asia

In 2022, cyanides and cyanide oxides imports in Asia expanded to X tons, surging by X% on the year before. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, cyanides and cyanide oxides imports soared to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Turkey (X tons), Indonesia (X tons), Kazakhstan (X tons), the Philippines (X tons), India (X tons), Lao People's Democratic Republic (X tons), Saudi Arabia (X tons), Iran (X tons), Malaysia (X tons), Tajikistan (X tons), Cambodia (X tons) and Kyrgyzstan (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Kazakhstan ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Philippines, Malaysia, India, Tajikistan, Lao People's Democratic Republic, Cambodia, Saudi Arabia, Kyrgyzstan and Iran lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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