Price for Cyanides, Cyanide Oxides and Complex Cyanides in Bangladesh - 2022

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Bangladesh (CIF) - 2022
  2. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Bangladesh

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Bangladesh (CIF) - 2022

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $2,599 per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 59% against the previous year. The import price peaked at $3,413 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($9,660 per ton), while the price for India ($1,967 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Bangladesh

In 2022, the amount of cyanides, cyanide oxides and complex cyanideses imported into Bangladesh skyrocketed to 202 tons, jumping by 64% compared with the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses soared to $525K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21329320133215.9%
South Korea85.964.359.31077.6%
India77.217.649.867.4-4.4%
Others18.94.17.218.0-1.6%
Total3953793175259.9%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Bangladesh in 2022:

  1. China (155.8 tons)
  2. India (34.2 tons)
  3. South Korea (11.1 tons)

Source: IndexBox Market Intelligence Platform

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