Complex Cyanides Price in Colombia - 2022

Contents:

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

Complex Cyanides Price in Colombia (CIF) - 2022

The average complex cyanides import price stood at $28,002 per ton in 2022, growing by 25% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 73% against the previous year. The import price peaked at $41,379 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the United States ($136,327 per ton), while the price for the Netherlands ($3,933 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+41.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Price in Colombia (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $6,565 per ton, which is down by -26% against the previous year. Over the period under review, the export price showed a pronounced decrease. The growth pace was the most rapid in 2014 when the average export price increased by 74%. The export price peaked at $17,260 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($7,908 per ton), while the average price for exports to the Dominican Republic amounted to $5,665 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-1.1%), while the prices for the other major destinations experienced a decline.

Complex Cyanides Imports in Colombia

In 2022, imports of complex cyanideses into Colombia skyrocketed to 5.9 tons, surging by 20% on the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of 6.9 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, complex cyanides imports skyrocketed to $165K in 2022. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, imports attained the peak of $221K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Complex Cyanides in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico55.116361.299.021.6%
Brazil6.14.82.237.182.5%
Netherlands10.04.97.08.1-6.8%
China15.411.07.95.6-28.6%
PanamaN/A27.6N/AN/A0%
Others12.19.731.915.68.8%
Total98.722111016518.7%

Top Suppliers of Complex Cyanides to Colombia in 2022:

  1. Netherlands (2.1 tons)
  2. Mexico (1.7 tons)
  3. China (1.1 tons)
  4. Brazil (0.9 tons)

Complex Cyanides Exports in Colombia

In 2022, exports of complex cyanideses from Colombia surged to 848 kg, increasing by 62% against the previous year's figure. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 110%. As a result, the exports attained the peak of 1.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, complex cyanides exports surged to $5.6K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 88%. As a result, the exports attained the peak of $6.5K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Complex Cyanides in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic1.94.32.02.915.1%
Costa Rica1.52.22.52.721.6%
OthersN/AN/A0.1N/A0%
Total3.56.54.75.617.0%

Top Export Markets for Complex Cyanides from Colombia in 2022:

  1. Dominican Republic (508.0 kg)
  2. Costa Rica (340.0 kg)

Source: IndexBox Market Intelligence Platform

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