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

Contents:

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

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

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $7,905 per ton, picking up by 38% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cyanides and cyanide oxides; other than of sodia increased by +43.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 115% against the previous year. Over the period under review, average import prices reached the peak figure at $9,331 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($34,500 per ton), while the price for Belgium ($3,601 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cyanides and cyanide oxides; other than of sodia stood at $92,000 per ton in 2022, falling by -37% against the previous year. Overall, the export price, however, showed buoyant growth. Over the period under review, the average export prices attained the peak figure at $279,000 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +9.9% per year.

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

In 2022, approx. 13 tons of cyanides and cyanide oxides; other than of sodia were imported into Portugal; falling by -30.3% against the previous year's figure. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 121%. As a result, imports reached the peak of 19 tons, and then declined sharply in the following year.

In value terms, imports of cyanides and cyanide oxides; other than of sodia declined modestly to $105K in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 130%. As a result, imports reached the peak of $109K, and then shrank in the following year.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain29.51.412.394.647.5%
Belgium0.20.4N/A9.7264.7%
Germany46.230.053.40.1-87.1%
Czech RepublicN/A15.743.7N/A178.3%
Others0.7N/AN/A0.84.6%
Total76.647.610910511.1%

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

  1. Spain (10.6 tons)
  2. Belgium (2.7 tons)

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

In 2022, after two years of decline, there was decline in overseas shipments of cyanides and cyanide oxides; other than of sodia, when their volume decreased by 0% to 1 kg. Over the period under review, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of cyanides and cyanide oxides; other than of sodia shrank notably to $92 in 2022. Overall, exports continue to indicate a significant curtailment.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Portugal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Angola279N/A14692.0-30.9%
OthersN/AN/AN/AN/A0%
Total279N/A14692.0-30.9%

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

  1. Angola (1.0 kg)

Source: IndexBox Market Intelligence Platform

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