Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hungary - 2023

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hungary (CIF) - 2022
  2. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hungary (FOB) - 2022
  3. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Hungary
  4. Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Hungary

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hungary (CIF) - 2022

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $4,742 per ton, growing by 10% against the previous year. Overall, the import price, however, recorded a noticeable descent. The growth pace was the most rapid in 2016 when the average import price increased by 55%. Over the period under review, average import prices attained the peak figure at $7,267 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($62,731 per ton), while the price for the Czech Republic ($3,501 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Hungary (FOB) - 2022

In 2022, the average export price for cyanides, cyanide oxides and complex cyanideses amounted to $95 per ton, dropping by -93.1% against the previous year. Over the period under review, the export price continues to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum at $10,930 per ton in 2012; however, from 2013 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 Lithuania.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.0% per year.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Hungary

In 2022, the amount of cyanides, cyanide oxides and complex cyanideses imported into Hungary was estimated at 316 tons, picking up by 2.1% on 2021 figures. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses stood at $1.5M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic59257478190115.0%
Slovakia39516642754111.1%
France93.1292N/AN/A213.6%
Others37.942.812356.114.0%
Total1,1191,0751,3321,49810.2%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Hungary in 2022:

  1. Czech Republic (257.4 tons)
  2. Slovakia (56.3 tons)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Hungary

In 2022, exports of cyanides, cyanide oxides and complex cyanideses from Hungary reduced rapidly to 388 kg, falling by -22.4% against 2021 figures. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 82% against the previous year.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses dropped rapidly to $37 in 2022. Overall, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 58%.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Hungary (USD)
COUNTRY2019202020212022CAGR,
2019-2022
LithuaniaN/AN/AN/A37.00%
India1,003305603N/A-22.5%
Others46.013184.0N/A35.1%
Total1,04943668737.0-67.2%

Top Export Markets for Cyanides, Cyanide Oxides and Complex Cyanides from Hungary in 2022:

  1. Lithuania (388.0 kg)

Source: IndexBox Market Intelligence Platform

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