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

Contents:

  1. Price for Cyanides and Cyanide Oxides; Other than of Sodium in Morocco (CIF) - 2022
  2. Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Morocco

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

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $11,719 per ton, picking up by 61% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cyanides and cyanide oxides; other than of sodia increased by +45.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($12,040 per ton), while the price for Spain totaled $8,390 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+26.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of cyanides and cyanide oxides; other than of sodia, when their volume decreased by -88.5% to 877 kg. In general, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of 7.6 tons, and then contracted rapidly in the following year.

In value terms, imports of cyanides and cyanide oxides; other than of sodia dropped markedly to $10K in 2022. Over the period under review, imports faced a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. As a result, imports attained the peak of $56K, and then declined significantly in the following year.

Import of Cyanides and Cyanide Oxides; Other than of Sodium in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea4.76.14.09.626.9%
SpainN/AN/A0.10.6500.0%
Switzerland0.71.31.3N/A36.3%
Germany0.81.20.9N/A6.1%
France7.17.113.0N/A35.3%
Czech Republic2.67.017.1N/A156.5%
Others9.87.619.1N/A39.6%
Total25.830.455.510.3-26.4%

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

  1. South Korea (800.0 kg)
  2. Spain (77.0 kg)

Source: IndexBox Market Intelligence Platform

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