Complex Cyanides Price in Serbia - 2023

Contents:

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

Complex Cyanides Price in Serbia (CIF) - 2022

The average complex cyanides import price stood at $12,387 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 241% against the previous year. Over the period under review, average import prices reached the peak figure at $56,452 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($21,667 per ton), while the price for Spain ($3,263 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.7%), while the prices for the other major suppliers experienced a decline.

Complex Cyanides Price in Serbia (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $81,000 per ton, reducing by -8% against the previous year. In general, the export price continues to indicate a precipitous setback. The growth pace was the most rapid in 2017 when the average export price increased by 2,348% against the previous year. As a result, the export price attained the peak level of $3,005 per kg. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($103,000 per ton), while the average price for exports to Turkey ($36,000 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 Montenegro (+0.2%), while the prices for the other major destinations experienced a decline.

Complex Cyanides Imports in Serbia

After three years of growth, supplies from abroad of complex cyanideses decreased by -25.6% to 235 kg in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 316 kg, and then reduced remarkably in the following year.

In value terms, complex cyanides imports contracted to $2.9K in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 23%.

Import of Complex Cyanides in Serbia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/A4391521,13861.0%
Germany1,1551,0512,209981-5.3%
United States21330.0N/A31313.7%
Czech Republic1572193031957.5%
SpainN/AN/AN/A62.00%
China46455557951.0-52.1%
United Kingdom21710728.038.0-44.1%
Russia304N/AN/AN/A0%
Montenegro2,892N/AN/AN/A0%
Others71.033278.013323.3%
Total5,4732,7333,3492,911-19.0%

Top Suppliers of Complex Cyanides to Serbia in 2022:

  1. India (101.0 kg)
  2. Germany (51.0 kg)
  3. United States (32.0 kg)
  4. Spain (19.0 kg)
  5. China (15.0 kg)
  6. Czech Republic (9.0 kg)
  7. United Kingdom (4.0 kg)

Complex Cyanides Exports in Serbia

In 2022, overseas shipments of complex cyanideses decreased by -94.2% to 7 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 831% against the previous year. As a result, the exports reached the peak of 121 kg, and then reduced rapidly in the following year.

In value terms, complex cyanides exports fell dramatically to $567 in 2022. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 2,026%. As a result, the exports attained the peak of $11K, and then shrank remarkably in the following year.

Export of Complex Cyanides in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro0.50.20.10.4-7.2%
TurkeyN/A0.10.10.10.0%
Bosnia and Herzegovina8.1N/A9.50.1-76.9%
AustriaN/AN/AN/AN/A0%
RomaniaN/AN/A1.1N/A0%
OthersN/A0.1N/AN/A0%
Total8.60.510.70.6-58.8%

Top Export Markets for Complex Cyanides from Serbia in 2022:

  1. Montenegro (4.0 kg)
  2. Turkey (2.0 kg)
  3. Bosnia and Herzegovina (1.0 kg)

Source: IndexBox Market Intelligence Platform

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