Complex Cyanides Price in the UK - 2023

Contents:

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

Complex Cyanides Price in the UK (CIF) - 2022

The average complex cyanides import price stood at $13,415 per ton in 2022, surging by 64% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 122% against the previous year. The import price peaked at $13,463 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 ($424,257 per ton), while the price for China ($5,303 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 (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Price in the UK (FOB) - 2022

The average complex cyanides export price stood at $41,168 per ton in 2022, shrinking by -5.3% against the previous year. Over the period under review, the export price, however, posted a notable increase. The growth pace was the most rapid in 2018 an increase of 409%. The export price peaked at $96,386 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($284,481 per ton), while the average price for exports to the Netherlands ($22,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Cyanides Imports in the UK

For the third year in a row, the UK recorded decline in purchases abroad of complex cyanideses, which decreased by -22.6% to 123 tons in 2022. In general, imports faced a dramatic downturn. The smallest decline of -17.4% was in 2021.

In value terms, complex cyanides imports skyrocketed to $1.7M in 2022. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. As a result, imports attained the peak of $2.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Complex Cyanides in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States59955557489314.2%
China741162434624-5.6%
Germany81.31,25851.669.6-5.0%
France25989.828.6N/A-66.8%
EgyptN/A50.3N/AN/A0%
Netherlands129460208N/A27.0%
Others24.423.56.269.041.4%
Total1,8342,5981,3021,655-3.4%

Top Suppliers of Complex Cyanides to the UK in 2022:

  1. China (117.7 tons)
  2. United States (2.1 tons)
  3. Germany (1.7 tons)

Complex Cyanides Exports in the UK

For the third year in a row, the UK recorded decline in shipments abroad of complex cyanideses, which decreased by -9.7% to 3.8 tons in 2022. In general, exports saw a precipitous decline.

In value terms, complex cyanides exports dropped to $157K in 2022. Overall, exports showed a sharp slump.

Export of Complex Cyanides in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ireland12114210261.3-20.3%
Belgium27.423.271.538.311.8%
Spain0.60.92.334.9287.5%
Netherlands0.61.73.48.8144.8%
Saudi Arabia22.740.6N/A3.5-46.4%
Germany6639.8N/A1.4-87.2%
Others6.912.64.08.78.0%
Total842231184157-42.9%

Top Export Markets for Complex Cyanides from the UK in 2022:

  1. Spain (1027.0 kg)
  2. Ireland (959.0 kg)
  3. Belgium (918.0 kg)
  4. Netherlands (386.0 kg)
  5. Saudi Arabia (29.0 kg)
  6. Germany (5.0 kg)

Source: IndexBox Market Intelligence Platform

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