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

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

In 2022, the Asia-Pacific cyanides and cyanide oxides market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a perceptible setback. The level of consumption peaked 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-Pacific

In value terms, cyanides and cyanide oxides production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in Asia-Pacific

In 2022, after seven years of growth, there was decline in shipments abroad of cyanides, cyanide oxides and complex cyanides, when their volume decreased by X% to X tons. Total exports indicated a temperate 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, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, cyanides and cyanide oxides exports expanded notably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the key exporter of cyanides, cyanide oxides and complex cyanides in Asia-Pacific, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X tons), mixing up a X% share of total exports. 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 Japan ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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-Pacific stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, showed a pronounced decline. Over the period under review, the export prices attained the peak figure 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, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was 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-Pacific

Cyanides and cyanide oxides imports rose significantly to X tons in 2022, surging by X% against the previous year. Total imports indicated a noticeable 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 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cyanides and cyanide oxides imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Indonesia (X tons), the Philippines (X tons), India (X tons), Papua New Guinea (X tons) and Lao People's Democratic Republic (X tons) represented roughly X% of total imports in 2022. Malaysia (X tons) held the next position in the ranking, followed by Cambodia (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyanides and cyanide oxides importing markets in Asia-Pacific were Indonesia ($X), the Philippines ($X) and Malaysia ($X), together comprising X% of total imports. India, Papua New Guinea, Lao People's Democratic Republic and Cambodia lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Papua New Guinea ($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 a decline in the import price figures.

Source: IndexBox Platform

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