Price for Cyanides and Cyanide Oxides; of Sodium in Italy - 2023

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Italy (CIF) - 2023
  2. Imports of Cyanides and Cyanide Oxides; of Sodium in Italy

Price for Cyanides and Cyanide Oxides; of Sodium in Italy (CIF) - 2023

The average import price for cyanides and cyanide oxides; of sodia stood at $7,496 per ton in August 2023, growing by 1.7% against the previous month. Overall, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 61% m-o-m. Over the period under review, average import prices reached the peak figure at $12,632 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($9,571 per ton), while the price for Germany stood at $4,390 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced a decline.

Imports of Cyanides and Cyanide Oxides; of Sodium in Italy

After three years of growth, overseas purchases of cyanides and cyanide oxides; of sodia decreased by -6.7% to 1.2K tons in 2022. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of 1.3K tons, and then contracted in the following year.

In value terms, imports of cyanides and cyanide oxides; of sodia surged to $11M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Cyanides and Cyanide Oxides; of Sodium in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria3.42.46.28.535.7%
Germany1.31.42.11.79.4%
China0.50.60.50.3-15.7%
Czech Republic0.10.10.10.226.0%
France0.30.30.30.2-12.6%
OthersN/AN/AN/AN/A0%
Total5.64.89.210.824.5%

Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to Italy in 2022:

  1. Austria (688.3 tons)
  2. Germany (362.4 tons)
  3. China (84.3 tons)
  4. France (50.5 tons)
  5. Czech Republic (40.2 tons)

Source: IndexBox Market Intelligence Platform

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