Price for Cyanides and Cyanide Oxides; of Sodium in Saudi Arabia - 2022

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Saudi Arabia (CIF) - 2022
  2. Imports of Cyanides and Cyanide Oxides; of Sodium in Saudi Arabia

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

The average import price for cyanides and cyanide oxides; of sodia stood at $1,868 per ton in 2022, picking up by 10% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 67%. As a result, import price attained the peak level of $2,878 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +5.6% per year.

Imports of Cyanides and Cyanide Oxides; of Sodium in Saudi Arabia

Imports of cyanides and cyanide oxides; of sodia into Saudi Arabia rose sharply to 6.4K tons in 2022, growing by 11% compared with the previous year. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 140%. As a result, imports reached the peak of 7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cyanides and cyanide oxides; of sodia surged to $12M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cyanides and Cyanide Oxides; of Sodium in Saudi Arabia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia8.48.68.811.711.7%
GeorgiaN/A1.5N/AN/A0%
South KoreaN/A3.90.8N/A-79.5%
Others0.10.10.10.226.0%
Total8.414.19.711.912.3%

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

  1. Australia (6.3K tons)

Source: IndexBox Market Intelligence Platform

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