Complex Cyanides Price in Japan - 2023

Contents:

  1. Complex Cyanides Price in Japan (CIF) - 2023
  2. Complex Cyanides Price in Japan (FOB) - 2022
  3. Complex Cyanides Imports in Japan
  4. Complex Cyanides Exports in Japan

Complex Cyanides Price in Japan (CIF) - 2023

In September 2023, the average complex cyanides import price amounted to $9,792 per ton, waning by -7.1% against the previous month. In general, the import price, however, posted a pronounced increase. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices reached the maximum at $17,013 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($21,184 per ton), while the price for South Korea ($8,630 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Price in Japan (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $11,903 per ton, dropping by -28.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $16,667 per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($151,460 per ton), while the average price for exports to Malaysia ($10,692 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 the Philippines (+85.4%), while the prices for the other major destinations experienced mixed trend patterns.

Complex Cyanides Imports in Japan

In 2022, the amount of complex cyanideses imported into Japan reduced rapidly to 230 tons, dropping by -16.6% compared with the previous year. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year.

In value terms, complex cyanides imports dropped to $2.6M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of $3.1M, and then dropped in the following year.

Import of Complex Cyanides in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.61.52.11.72.0%
South Korea0.90.70.90.8-3.9%
Others0.1N/A0.10.10.0%
Total2.52.23.12.61.3%

Top Suppliers of Complex Cyanides to Japan in 2022:

  1. China (121.4 tons)
  2. South Korea (105.4 tons)

Complex Cyanides Exports in Japan

In 2022, after two years of decline, there was significant growth in overseas shipments of complex cyanideses, when their volume increased by 19% to 12 tons. In general, exports, however, showed a precipitous curtailment.

In value terms, complex cyanides exports contracted sharply to $142K in 2022. Over the period under review, exports, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 1.1% against the previous year.

Export of Complex Cyanides in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia292148114117-26.3%
ChinaN/A6.412.218.871.4%
Others2.211.040.46.140.5%
Total294165167142-21.5%

Top Export Markets for Complex Cyanides from Japan in 2022:

  1. Malaysia (10.9 tons)
  2. China (0.9 tons)

Source: IndexBox Market Intelligence Platform

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