Price for Cyanides and Cyanide Oxides; of Sodium in Spain - 2023

Contents:

  1. Price for Cyanides and Cyanide Oxides; of Sodium in Spain (CIF) - 2023
  2. Price for Cyanides and Cyanide Oxides; of Sodium in Spain (FOB) - 2022
  3. Imports of Cyanides and Cyanide Oxides; of Sodium in Spain
  4. Exports of Cyanides and Cyanide Oxides; of Sodium in Spain

Price for Cyanides and Cyanide Oxides; of Sodium in Spain (CIF) - 2023

The average import price for cyanides and cyanide oxides; of sodia stood at $2,388 per ton in September 2023, which is down by -8.2% against the previous month. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in January 2023 an increase of 11% month-to-month. The import price peaked at $3,852 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($5,164 per ton), while the price for Germany ($2,177 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Cyanides and Cyanide Oxides; of Sodium in Spain (FOB) - 2022

In 2022, the average export price for cyanides and cyanide oxides; of sodia amounted to $4,139 per ton, with a decrease of -5% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 112%. The export price peaked at $5,820 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($4,426 per ton), while the average price for exports to Italy amounted to $3,609 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Cyanides and Cyanide Oxides; of Sodium in Spain

In 2022, after three years of growth, there was significant decline in overseas purchases of cyanides and cyanide oxides; of sodia, when their volume decreased by -18.9% to 1.7K tons. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 2.1K tons, and then contracted notably in the following year.

In value terms, imports of cyanides and cyanide oxides; of sodia amounted to $5.1M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Cyanides and Cyanide Oxides; of Sodium in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.41.61.72.012.6%
Netherlands1.41.11.51.910.7%
Czech Republic0.91.21.51.16.9%
China0.30.40.30.2-12.6%
OthersN/AN/AN/AN/A0%
Total4.04.35.15.18.4%

Top Suppliers of Cyanides and Cyanide Oxides; of Sodium to Spain in 2022:

  1. Netherlands (665.5 tons)
  2. Germany (622.9 tons)
  3. Czech Republic (357.6 tons)
  4. China (60.0 tons)

Exports of Cyanides and Cyanide Oxides; of Sodium in Spain

In 2022, exports of cyanides and cyanide oxides; of sodia from Spain reduced to 15 tons, with a decrease of -2.8% compared with 2021 figures. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 76%.

In value terms, exports of cyanides and cyanide oxides; of sodia shrank to $61K in 2022. In general, exports continue to indicate a slight contraction. The growth pace was the most rapid in 2021 with an increase of 83%. As a result, the exports attained the peak of $66K, and then shrank in the following year.

Export of Cyanides and Cyanide Oxides; of Sodium in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal44.835.761.638.0-5.3%
ItalyN/AN/AN/A21.60%
Germany10.8N/AN/AN/A0%
Others7.90.24.01.0-49.8%
Total63.535.865.660.6-1.5%

Top Export Markets for Cyanides and Cyanide Oxides; of Sodium from Spain in 2022:

  1. Portugal (8.6 tons)
  2. Italy (6.0 tons)

Source: IndexBox Market Intelligence Platform

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