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

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

For the third year in a row, the Vietnamese cyanides and cyanide oxides market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate a modest expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from Vietnam

In 2022, the amount of cyanides, cyanide oxides and complex cyanides exported from Vietnam dropped notably to X tons, declining by X% compared with the year before. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, cyanides and cyanide oxides exports expanded sharply to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for cyanides and cyanide oxides exports from Vietnam, with a X% share of total exports. Moreover, cyanides and cyanide oxides exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, South Korea (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Cambodia (X% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average cyanides and cyanide oxides export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in supplies from abroad of cyanides, cyanide oxides and complex cyanides, which increased by X% to X tons in 2022. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports shrank to $X in 2022. In general, imports, however, saw a pronounced descent. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of cyanides and cyanide oxides imports to Vietnam, together accounting for X% of total imports.

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

In value terms, South Korea ($X), Japan ($X) and Switzerland ($X) constituted the largest cyanides and cyanide oxides suppliers to Vietnam, together accounting for X% of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cyanides and cyanide oxides import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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