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

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Morocco (CIF) - 2022
  2. Price for Cyanides and Cyanide Oxides; of Sodium in Morocco (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; of Sodium in Morocco
  4. Exports of Cyanides and Cyanide Oxides; of Sodium in Morocco

Price for Cyanides and Cyanide Oxides; of Sodium in Morocco (CIF) - 2022

In 2022, the average import price for cyanides and cyanide oxides; of sodia amounted to $2,451 per ton, growing by 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 29%. As a result, import price attained the peak level of $3,438 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Georgia ($2,625 per ton) and South Korea ($2,514 per ton), while the price for the Czech Republic ($2,364 per ton) and China ($2,459 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+32.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cyanides and Cyanide Oxides; of Sodium in Morocco (FOB) - 2022

In 2022, the average export price for cyanides and cyanide oxides; of sodia amounted to $132,960 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $132,967 per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +49.9% per year.

Imports of Cyanides and Cyanide Oxides; of Sodium in Morocco

In 2022, supplies from abroad of cyanides and cyanide oxides; of sodia was finally on the rise to reach 4.3K tons after two years of decline. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides and cyanide oxides; of sodia skyrocketed to $10M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cyanides and Cyanide Oxides; of Sodium in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.31.31.55.2158.8%
Czech Republic2.52.81.92.83.8%
South Korea1.00.2N/A1.821.6%
GeorgiaN/AN/A0.10.6500.0%
Germany0.50.20.3N/A-22.5%
India0.71.01.0N/A19.5%
Others0.9N/A0.5N/A-25.5%
Total5.95.55.410.521.2%

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

  1. China (2.1K tons)
  2. Czech Republic (1.2K tons)
  3. South Korea (0.7K tons)
  4. Georgia (0.2K tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Morocco

After two years of decline, overseas shipments of cyanides and cyanide oxides; of sodia decreased by -50% to 75 kg in 2022. In general, exports recorded a sharp downturn.

In value terms, exports of cyanides and cyanide oxides; of sodia declined sharply to $10K in 2022. Over the period under review, exports faced a deep reduction.

Export of Cyanides and Cyanide Oxides; of Sodium in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sudan18.9N/A19.910.0-19.1%
OthersN/AN/AN/AN/A0%
Total18.9N/A19.910.0-19.1%

Top Export Markets for Cyanides and Cyanide Oxides; of Sodium from Morocco in 2022:

  1. Sudan (75.0 kg)

Source: IndexBox Market Intelligence Platform

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