EU: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in the EU

The EU cyanides and cyanide oxides market surged to $X in 2023, increasing by X% against the previous year. Overall, consumption posted a moderate expansion. The level of consumption peaked in 2023 and is likely to continue growth in the near future.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in the EU

In value terms, cyanides and cyanide oxides production contracted to $X in 2023 estimated in export price. Over the period under review, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in the EU

In 2023, approx. X tons of cyanides, cyanide oxides and complex cyanides were exported in the European Union; with an increase of X% compared with the year before. In general, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides exports soared to $X in 2023. Over the period under review, exports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The Czech Republic represented the key exporting country with an export of around X tons, which recorded X% of total exports. The Netherlands (X tons) took the second position in the ranking, distantly followed by Belgium (X tons). All these countries together took near X% share of total exports. France (X tons) held a relatively small share of total exports.

The Czech Republic was also the fastest-growing in terms of the cyanides, cyanide oxides and complex cyanides exports, with a CAGR of X% from 2012 to 2023. At the same time, the Netherlands (X%) displayed positive paces of growth. By contrast, France (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest cyanides and cyanide oxides supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Czech Republic stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports in the EU

In 2023, overseas purchases of cyanides, cyanide oxides and complex cyanides increased by X% to X tons, rising for the third consecutive year after eight years of decline. Overall, imports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2022 when imports increased by X%. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, cyanides and cyanide oxides imports skyrocketed to $X in 2023. Over the period under review, imports enjoyed temperate growth. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, the Netherlands (X tons) was the key importer of cyanides, cyanide oxides and complex cyanides, making up X% of total imports. It was distantly followed by Sweden (X tons), creating a X% share of total imports. France (X tons), Germany (X tons), Spain (X tons) and Italy (X tons) took a little share of total imports.

The Netherlands was also the fastest-growing in terms of the cyanides, cyanide oxides and complex cyanides imports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%) and Italy (X%) displayed positive paces of growth. Spain experienced a relatively flat trend pattern. By contrast, France (X%) and Germany (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while France and Germany saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cyanides, cyanide oxides and complex cyanides in the European Union, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by Sweden, with a X% share.

In the Netherlands, cyanides and cyanide oxides imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform