Complex Cyanides Price in Russia - 2022

Contents:

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

Complex Cyanides Price in Russia (CIF) - 2022

In 2022, the average complex cyanides import price amounted to $2,101 per ton, increasing by 25% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($2,549 per ton), while the price for China stood at $1,527 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.0%).

Complex Cyanides Price in Russia (FOB) - 2022

The average complex cyanides export price stood at $3,306 per ton in 2022, waning by -25.9% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 126%. As a result, the export price attained the peak level of $12,736 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +35.4% per year.

Complex Cyanides Imports in Russia

In 2022, after three years of growth, there was significant decline in purchases abroad of complex cyanideses, when their volume decreased by -29% to 352 tons. Over the period under review, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of 496 tons, and then reduced remarkably in the following year.

In value terms, complex cyanides imports fell to $740K in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of $834K, and then declined in the following year.

Import of Complex Cyanides in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China571608796515-3.4%
ItalyN/AN/A1.532.22046.7%
Others67.339.435.919342.1%
Total6386478347405.1%

Top Suppliers of Complex Cyanides to Russia in 2022:

  1. China (337.3 tons)
  2. Italy (12.6 tons)

Complex Cyanides Exports in Russia

In 2022, overseas shipments of complex cyanideses decreased by -2.3% to 9.8 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 157%.

In value terms, complex cyanides exports reduced dramatically to $32K in 2022. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 123%. As a result, the exports attained the peak of $45K, and then fell remarkably in the following year.

Export of Complex Cyanides in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan3.410.128.932.4112.0%
Belarus0.81.87.1N/A197.9%
Uzbekistan2.36.17.6N/A81.8%
Others17.32.01.1N/A-74.8%
Total23.820.044.832.410.8%

Top Export Markets for Complex Cyanides from Russia in 2022:

  1. Kazakhstan (9.8 tons)

Source: IndexBox Market Intelligence Platform

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