Price for Cyanides, Cyanide Oxides and Complex Cyanides in Iran - 2022

Contents:

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

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

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $2,048 per ton, waning by -15% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $4,222 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($6,617 per ton), while the price for Turkey ($1,045 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 (-1.3%), while the prices for the other major suppliers experienced a decline.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Iran

In 2022, purchases abroad of cyanides, cyanide oxides and complex cyanideses was finally on the rise to reach 4.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses soared to $10M in 2022. In general, imports, however, saw a abrupt shrinkage.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.73.43.53.875.7%
United Arab Emirates0.31.31.13.1117.8%
South Korea0.61.00.71.638.7%
India12.01.30.81.5-50.0%
RussiaN/A4.5N/AN/A0%
MalaysiaN/AN/A0.9N/A0%
OthersN/A0.10.10.10.0%
Total13.511.67.110.0-9.5%

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

  1. Turkey (3592.9 tons)
  2. United Arab Emirates (558.3 tons)
  3. India (488.2 tons)
  4. South Korea (235.5 tons)

Source: IndexBox Market Intelligence Platform

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