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

Contents:

  1. Price for Cyanides and Cyanide Oxides; Other than of Sodium in Italy (CIF) - 2023
  2. Price for Cyanides and Cyanide Oxides; Other than of Sodium in Italy (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Italy
  4. Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Italy

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

The average import price for cyanides and cyanide oxides; other than of sodia stood at $6,699 per ton in August 2023, reducing by -18.2% against the previous month. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in March 2023 an increase of 29% month-to-month. As a result, import price reached the peak level of $9,286 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Spain amounted to +1.4% per month.

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Italy (FOB) - 2022

The average export price for cyanides and cyanide oxides; other than of sodia stood at $292,493 per ton in 2022, with a decrease of -43.1% against the previous year. Overall, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 821% against the previous year. The export price peaked at $715,492 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($304,717 per ton), while the average price for exports to Spain ($53,243 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 Jordan (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Italy

In 2022, approx. 389 tons of cyanides and cyanide oxides; other than of sodia were imported into Italy; with an increase of 31% against the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2020 indices. 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; other than of sodia soared to $2.4M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany9827911,0791,2648.8%
Spain20.4N/A0.1383165.8%
South Korea11623523628234.5%
Czech Republic13080.715820516.4%
France194148222160-6.2%
Netherlands201144200117-16.5%
Others21.75.20.72.2-53.4%
Total1,6661,4041,8972,41313.1%

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

  1. Germany (200.6 tons)
  2. Spain (100.5 tons)
  3. Czech Republic (37.2 tons)
  4. South Korea (26.0 tons)
  5. France (13.2 tons)
  6. Netherlands (11.4 tons)

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Italy

In 2022, exports of cyanides and cyanide oxides; other than of sodia from Italy totaled 3.1 tons, with an increase of 1.6% on the previous year's figure. Overall, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year.

In value terms, exports of cyanides and cyanide oxides; other than of sodia dropped notably to $897K in 2022. In general, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Jordan8931,1911,336827-2.5%
Greece5.611.87.312.229.6%
Spain10.05.46.710.10.3%
Israel332486194N/A-23.6%
Others12.12.28.047.858.1%
Total1,2531,6961,552897-10.5%

Top Export Markets for Cyanides and Cyanide Oxides; Other than of Sodium from Italy in 2022:

  1. Jordan (2714.0 kg)
  2. Spain (189.0 kg)
  3. Greece (139.0 kg)

Source: IndexBox Market Intelligence Platform

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