Price for Cyanides, Cyanide Oxides and Complex Cyanides in Myanmar - 2023

Contents:

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

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

The average import price for cyanides, cyanide oxides and complex cyanideses stood at $2,075 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the maximum at $3,129 per ton in 2012; however, from 2013 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 India ($5,674 per ton), while the price for China ($1,807 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Myanmar

In 2022, imports of cyanides, cyanide oxides and complex cyanideses into Myanmar soared to 3.4K tons, growing by 43% compared with 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses soared to $7.1M in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 100% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Myanmar (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.50.92.54.4106.5%
Thailand0.1N/A0.61.8162.1%
Czech RepublicN/A2.00.90.5-50.0%
IndiaN/AN/AN/A0.50%
South Korea2.42.40.7N/A-46.0%
JapanN/A0.70.2N/A-71.4%
Others0.10.1N/AN/A0.0%
Total3.06.14.97.133.3%

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

  1. China (2412.2 tons)
  2. Thailand (710.0 tons)
  3. Czech Republic (200.0 tons)
  4. India (83.5 tons)

Source: IndexBox Market Intelligence Platform

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