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

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

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $2,457 per ton, growing by 20% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $2,947 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Georgia ($2,625 per ton) and South Korea ($2,525 per ton), while the price for the Czech Republic ($2,364 per ton) and China ($2,468 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cyanides, cyanide oxides and complex cyanideses stood at $1,285 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $3,845 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to -5.8% per year.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Morocco

After two years of decline, supplies from abroad of cyanides, cyanide oxides and complex cyanideses increased by 63% to 4.3K tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses surged to $11M in 2022. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.3	1.7	1.9	5.4	162.1%
Czech Republic	2.9	3.4	2.4	2.8	-1.2%
South Korea	1.2	0.3	0.1	1.8	14.5%
Georgia	N/A	N/A	0.2	0.6	200.0%
Others	1.9	0.3	0.9	N/A	-31.2%
Total	6.3	5.7	5.4	10.6	18.9%

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

China (2174.0 tons)
Czech Republic (1204.2 tons)
South Korea (700.8 tons)
Georgia (240.0 tons)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Morocco

In 2022, after three years of growth, there was decline in overseas shipments of cyanides, cyanide oxides and complex cyanideses, when their volume decreased by -2.5% to 15 tons. The total export volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 16% against the previous year.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses reduced modestly to $20K in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 2.7%.