Price for Cyanides and Cyanide Oxides; of Sodium in South Africa - 2023
Contents:
- Price for Cyanides and Cyanide Oxides; of Sodium in South Africa (CIF) - 2022
- Price for Cyanides and Cyanide Oxides; of Sodium in South Africa (FOB) - 2023
- Imports of Cyanides and Cyanide Oxides; of Sodium in South Africa
- Exports of Cyanides and Cyanide Oxides; of Sodium in South Africa
Price for Cyanides and Cyanide Oxides; of Sodium in South Africa (CIF) - 2022
The average import price for cyanides and cyanide oxides; of sodia stood at $2,278 per ton in 2022, increasing by 36% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. Over the period under review, average import prices reached the maximum at $3,372 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,585 per ton), while the price for Australia ($2,197 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Cyanides and Cyanide Oxides; of Sodium in South Africa (FOB) - 2023
The average export price for cyanides and cyanide oxides; of sodia stood at $3,355 per ton in December 2023, increasing by 10% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 30% m-o-m. As a result, the export price reached the peak level of $4,227 per ton. From September 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($5,396 per ton), while the average price for exports to Botswana totaled $2,610 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Cyanides and Cyanide Oxides; of Sodium in South Africa
Imports of cyanides and cyanide oxides; of sodia into South Africa dropped markedly to 1.8K tons in 2022, which is down by -29.7% on the previous year. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 3.2%.
In value terms, imports of cyanides and cyanide oxides; of sodia contracted to $4.2M in 2022. In general, imports saw a abrupt contraction.
| Import of Cyanides and Cyanide Oxides; of Sodium in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.8 | 3.5 | 3.7 | 3.3 | -17.1% |
| China | N/A | 0.5 | 0.1 | 0.6 | 9.5% |
| Germany | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Czech Republic | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| South Korea | N/A | 1.0 | 0.2 | N/A | -80.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 6.1 | 5.2 | 4.4 | 4.2 | -11.7% |
Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to South Africa in 2022:
- Australia (1498.1 tons)
- China (272.1 tons)
- Germany (41.9 tons)
- Czech Republic (34.9 tons)
Exports of Cyanides and Cyanide Oxides; of Sodium in South Africa
Exports of cyanides and cyanide oxides; of sodia from South Africa declined rapidly to 921 tons in 2022, which is down by -33.9% compared with the year before. Overall, exports faced a sharp decrease. The smallest decline of -13.1% was in 2021.
In value terms, exports of cyanides and cyanide oxides; of sodia declined markedly to $2.6M in 2022. Over the period under review, exports continue to indicate a sharp descent. The smallest decline of -10.7% was in 2021.
| Export of Cyanides and Cyanide Oxides; of Sodium in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 3.8 | 3.2 | 2.6 | 2.0 | -19.3% |
| Zimbabwe | 2.0 | 0.3 | 0.2 | 0.4 | -41.5% |
| Namibia | 0.2 | 0.1 | 0.5 | 0.2 | 0.0% |
| Others | 0.5 | 0.2 | 0.1 | 0.1 | -41.5% |
| Total | 6.6 | 3.8 | 3.4 | 2.6 | -26.7% |
Top Export Markets for Cyanides and Cyanide Oxides; of Sodium from South Africa in 2022:
- Botswana (669.7 tons)
- Zimbabwe (172.4 tons)
- Namibia (70.0 tons)
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This report provides an in-depth analysis of the market for cyanides and cyanide oxides in South Africa.
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