Complex Cyanides Price in Turkey - 2023

Contents:

  1. Complex Cyanides Price in Turkey (CIF) - 2022
  2. Complex Cyanides Price in Turkey (FOB) - 2022
  3. Complex Cyanides Imports in Turkey
  4. Complex Cyanides Exports in Turkey

Complex Cyanides Price in Turkey (CIF) - 2022

In 2022, the average complex cyanides import price amounted to $9,239 per ton, increasing by 121% against the previous year. Overall, the import price posted strong growth. Over the period under review, average import prices attained the maximum at $16,258 per ton in 2014; however, from 2015 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 Germany ($68,843 per ton), while the price for China ($3,400 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Complex Cyanides Price in Turkey (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $10,985 per ton, rising by 15% against the previous year. In general, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 421% against the previous year. Over the period under review, the average export prices attained the peak figure at $24,294 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($24,116 per ton), while the average price for exports to Lebanon ($1,965 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+1.2%), while the prices for the other major destinations experienced a decline.

Complex Cyanides Imports in Turkey

In 2022, complex cyanides imports into Turkey dropped rapidly to 4.8 tons, declining by -91.5% on 2021. Over the period under review, imports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 when imports increased by 1,162% against the previous year. As a result, imports reached the peak of 56 tons, and then contracted dramatically in the following year.

In value terms, complex cyanides imports fell notably to $44K in 2022. Overall, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 508% against the previous year. As a result, imports reached the peak of $232K, and then contracted sharply in the following year.

Import of Complex Cyanides in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany18.811.232.318.90.2%
China81.717.018814.2-44.2%
India5.15.07.46.26.7%
Others4.25.14.64.63.1%
Total11038.223243.9-26.4%

Top Suppliers of Complex Cyanides to Turkey in 2022:

  1. China (4.2 tons)
  2. Germany (0.3 tons)
  3. India (0.2 tons)

Complex Cyanides Exports in Turkey

In 2022, complex cyanides exports from Turkey contracted rapidly to 4.6 tons, falling by -15.4% against the previous year. In general, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 when exports increased by 130% against the previous year.

In value terms, complex cyanides exports fell modestly to $51K in 2022. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.

Export of Complex Cyanides in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan24.644.042.841.418.9%
LebanonN/AN/A6.92.9-58.0%
RussiaN/AN/AN/A2.10%
UzbekistanN/AN/AN/A1.40%
IraqN/AN/AN/A1.10%
GeorgiaN/AN/A1.50.9-40.0%
Iran81.3N/AN/AN/A0%
Others1.51.00.90.7-22.4%
Total10745.152.150.6-22.1%

Top Export Markets for Complex Cyanides from Turkey in 2022:

  1. Azerbaijan (2413.0 kg)
  2. Lebanon (1500.0 kg)
  3. Uzbekistan (303.0 kg)
  4. Georgia (150.0 kg)
  5. Iraq (101.0 kg)
  6. Russia (86.0 kg)

Source: IndexBox Market Intelligence Platform

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