Complex Cyanides Price in Hungary - 2023

Complex Cyanides Price in Hungary (CIF) - 2022

The average complex cyanides import price stood at $89,463 per ton in 2022, surging by 6.1% against the previous year. Overall, the import price posted a temperate increase. The pace of growth was the most pronounced in 2021 an increase of 178% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 Austria ($164,055 per ton), while the price for the Czech Republic ($18,746 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+17.9%), while the prices for the other major suppliers experienced a decline.

Complex Cyanides Price in Hungary (FOB) - 2022

In 2022, the average complex cyanides export price amounted to $13,007 per ton, standing approx. at the previous year. In general, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 138% against the previous year. The export price peaked at $26,463 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($38,915 per ton), while the average price for exports to Romania amounted to $7,453 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+20.8%), while the prices for the other major destinations experienced a decline.

Complex Cyanides Imports in Hungary

In 2022, approx. 5.8 tons of complex cyanideses were imported into Hungary; approximately equating the previous year. Over the period under review, imports saw a dramatic contraction.

In value terms, complex cyanides imports expanded markedly to $522K in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Complex Cyanides in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	195	143	411	339	20.2%
Austria	160	N/A	0.5	167	1.4%
Belgium	3.9	8.9	10.5	5.4	11.5%
Czech Republic	0.2	94.6	0.4	0.5	35.7%
Others	5.5	7.7	74.2	10.3	23.3%
Total	365	255	497	522	12.7%

Top Suppliers of Complex Cyanides to Hungary in 2022:

Czech Republic (undefined tons)
Slovakia (4.5 tons)
Austria (1.0 tons)
Belgium (0.1 tons)

Complex Cyanides Exports in Hungary

Complex cyanides exports from Hungary stood at 5 kg in 2022, therefore, remained relatively stable against the year before. In general, exports continue to indicate a significant decline. The smallest decline of -56.1% was in 2020.

In value terms, complex cyanides exports stood at $66 in 2022. Over the period under review, exports recorded a sharp reduction. The smallest decline of -65% was in 2020.