Australia and Oceania: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Australia and Oceania

In 2022, the cyanides and cyanide oxides market in Australia and Oceania increased by X% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Australia and Oceania

In value terms, cyanides and cyanide oxides production stood at $X in 2022 estimated in export price. In general, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in overseas shipments of cyanides, cyanide oxides and complex cyanides, which increased by X% to X tons in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyanides and cyanide oxides exports surged to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. New Zealand (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Papua New Guinea (X%).

Australia was also the fastest-growing in terms of the cyanides, cyanide oxides and complex cyanides exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) and Papua New Guinea (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia and New Zealand increased by X and X percentage points, respectively.

In value terms, Australia ($X) remains the largest cyanides and cyanide oxides supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and New Zealand (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price 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, cyanides and cyanide oxides export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports in Australia and Oceania

After three years of growth, purchases abroad of cyanides, cyanide oxides and complex cyanides decreased by X% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, cyanides and cyanide oxides imports expanded rapidly to $X in 2022. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Papua New Guinea prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), making up a X% share of total imports. The following importers - Fiji (X tons) and Australia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyanides and cyanide oxides imports into Papua New Guinea stood at X%. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Australia (X%) illustrated a downward trend over the same period. Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Australia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) constitutes the largest market for imported cyanides, cyanide oxides and complex cyanides in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Fiji, with a X% share.

In Papua New Guinea, cyanides and cyanide oxides imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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