Middle East: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in the Middle East

The Middle Eastern cyanides and cyanide oxides market was estimated at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in the Middle East

In value terms, cyanides and cyanide oxides production expanded to $X in 2022 estimated in export price. In general, production, however, saw a slight downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in the Middle East

Cyanides and cyanide oxides exports shrank dramatically to X tons in 2022, falling by X% compared with the previous year. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cyanides and cyanide oxides exports shrank notably to $X in 2022. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and Turkey (X tons) prevails in exports structure, together generating X% of total exports. The United Arab Emirates (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports in the Middle East

In 2022, purchases abroad of cyanides, cyanide oxides and complex cyanides decreased by X% to X tons, falling for the second year in a row after six years of growth. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cyanides and cyanide oxides imports expanded to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) was the major importer of cyanides, cyanide oxides and complex cyanides, making up X% of total imports. Saudi Arabia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%).

From 2012 to 2022, average annual rates of growth with regard to cyanides and cyanide oxides imports into Turkey stood at X%. At the same time, Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported cyanides, cyanide oxides and complex cyanides in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

In Turkey, cyanides and cyanide oxides imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a mild reduction. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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