Price for Cyanides, Cyanide Oxides and Complex Cyanides in Luxembourg - 2023

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Luxembourg (CIF) - 2022
  2. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Luxembourg

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Luxembourg (CIF) - 2022

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $80,793 per ton, surging by 22% against the previous year. Over the period under review, the import price showed significant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 196%. Over the period under review, average import prices hit record highs at $86,611 per ton in 2019; however, from 2020 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 Belgium ($81,218 per ton), while the price for Germany amounted to $54,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Luxembourg

Imports of cyanides, cyanide oxides and complex cyanideses into Luxembourg rose notably to 314 kg in 2022, surging by 11% on the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.2% 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 +65.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses skyrocketed to $25K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +54.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium16.317.118.624.915.2%
Others0.10.20.10.458.7%
Total16.517.318.725.415.5%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Luxembourg in 2022:

  1. Belgium (307.0 kg)

Source: IndexBox Market Intelligence Platform

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