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

Contents:

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

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Turkey (CIF) - 2023

In December 2023, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $8,349 per ton, which is down by -73.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 261% against the previous month. As a result, import price attained the peak level of $31,538 per ton, and then declined sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($10,342 per ton), while the price for the Czech Republic ($4,079 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cyanides and cyanide oxides; other than of sodia amounted to $8,923 per ton, with an increase of 9.3% against the previous year. In general, the export price, however, recorded a mild descent. The growth pace was the most rapid in 2019 when the average export price increased by 35% against the previous year. The export price peaked at $9,900 per ton in 2012; however, from 2013 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 Senegal ($10,238 per ton), while the average price for exports to Iran stood at $8,822 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-1.1%).

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

In 2022, the amount of cyanides and cyanide oxides; other than of sodia imported into Turkey skyrocketed to 430 tons, rising by 27% on the previous year's figure. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides and cyanide oxides; other than of sodia skyrocketed to $3.5M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1,6581,5051,7592,71817.9%
Czech Republic31036624556021.8%
Germany2261763312290.4%
Others30.33.12.92.1-58.9%
Total2,2242,0502,3393,50916.4%

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

  1. South Korea (255.8 tons)
  2. Czech Republic (133.6 tons)
  3. Germany (40.7 tons)

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

Exports of cyanides and cyanide oxides; other than of sodia from Turkey skyrocketed to 24 tons in 2022, increasing by 108% against the previous year. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides and cyanide oxides; other than of sodia surged to $214K in 2022. In general, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cyanides and Cyanide Oxides; Other than of Sodium in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran16116893.72027.9%
SenegalN/AN/AN/A10.20%
AlgeriaN/A1.7N/AN/A0%
Others11.61.20.51.5-49.4%
Total17317194.22147.3%

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

  1. Iran (22.9 tons)
  2. Senegal (1.0 tons)

Source: IndexBox Market Intelligence Platform

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