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

Contents:

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

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

The average import price for cyanides, cyanide oxides and complex cyanideses stood at $4,627 per ton in 2022, jumping by 17% against the previous year. In general, the import price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 84%. The import price peaked at $14,822 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($37,900 per ton), while the price for Slovenia amounted to $4,397 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cyanides, cyanide oxides and complex cyanideses amounted to $4,724 per ton, waning by -31.1% against the previous year. In general, the export price showed a sharp decline. Over the period under review, the average export prices reached the maximum at $33,667 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,742 per ton), while the average price for exports to Germany totaled $4,720 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-8.2%).

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Latvia

Imports of cyanides, cyanide oxides and complex cyanideses into Latvia dropped dramatically to 1.5 tons in 2022, waning by -30.8% on the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of 2.1 tons, and then reduced notably in the following year.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses fell dramatically to $6.8K in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 6.2%.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovenia1.42.57.76.466.0%
China6.24.5N/AN/A-27.4%
Others0.90.80.60.4-23.7%
Total8.57.98.36.8-7.2%

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

  1. Slovenia (1450.0 kg)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Latvia

In 2022, approx. 174 kg of cyanides, cyanide oxides and complex cyanideses were exported from Latvia; with an increase of 132% on the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses surged to $822 in 2022. Overall, total exports indicated a significant increase from 2021 to 2022: its value increased at an average annual rate of +59.9% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Latvia (USD)
COUNTRY20212022CAGR,
2021-2022
GermanyN/A6750%
RussiaN/A1470%
Netherlands514N/A0%
OthersN/AN/A0%
Total51482259.9%

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

  1. Germany (143.0 kg)
  2. Russia (31.0 kg)

Source: IndexBox Market Intelligence Platform

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