Price for Cyanides and Cyanide Oxides; Other than of Sodium in Serbia - 2023

Contents:

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

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Serbia (CIF) - 2022

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $18,114 per ton, with an increase of 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 an increase of 27%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($73,636 per ton), while the price for Slovenia ($13,760 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Serbia (FOB) - 2022

In 2022, the average export price for cyanides and cyanide oxides; other than of sodia amounted to $4,333 per ton, leveling off at the previous year. Overall, the export price recorded a precipitous decrease. The most prominent rate of growth was recorded in 2017 an increase of 121%. Over the period under review, the average export prices hit record highs at $53,000 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($1,000 per ton), while the average price for exports to Bosnia and Herzegovina totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (-29.7%).

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Serbia

In 2022, supplies from abroad of cyanides and cyanide oxides; other than of sodia decreased by -17.9% to 577 kg, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 19%. As a result, imports attained the peak of 911 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cyanides and cyanide oxides; other than of sodia shrank to $10K in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 2.5% against the previous year. As a result, imports attained the peak of $14K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea10.710.16.18.6-7.0%
Belgium0.20.1N/A0.858.7%
Slovenia0.21.4N/A0.751.8%
Germany0.80.2N/A0.3-27.9%
PolandN/AN/A2.9N/A0%
Others1.11.73.2N/A70.6%
Total13.213.512.310.5-7.3%

Top Suppliers of Cyanides and Cyanide Oxides; Other than of Sodium to Serbia in 2022:

  1. South Korea (500.0 kg)
  2. Slovenia (50.0 kg)
  3. Germany (13.0 kg)
  4. Belgium (11.0 kg)

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Serbia

In 2022, the amount of cyanides and cyanide oxides; other than of sodia exported from Serbia stood at 3 kg, remaining relatively unchanged against 2021. Overall, exports saw resilient growth. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of cyanides and cyanide oxides; other than of sodia totaled $13 in 2022. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -67.5% was in 2020.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Serbia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro63.018.0N/A1.0-74.9%
Bosnia and Herzegovina14.07.0N/A1.0-58.5%
OthersN/AN/AN/A11.00%
Total77.025.0N/A13.0-44.7%

Top Export Markets for Cyanides and Cyanide Oxides; Other than of Sodium from Serbia in 2022:

  1. Montenegro (1.0 kg)
  2. Bosnia and Herzegovina (1.0 kg)

Source: IndexBox Market Intelligence Platform

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