Austria: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Austria

In 2022, the Austrian cyanides and cyanide oxides market increased by X% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, recorded a noticeable decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Austria

In value terms, cyanides and cyanide oxides production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X,800% against the previous year. Cyanides and cyanide oxides production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from Austria

In 2022, exports of cyanides, cyanide oxides and complex cyanides from Austria shrank sharply to X tons, reducing by X% on the previous year. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cyanides and cyanide oxides exports reduced dramatically to $X in 2022. In general, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for cyanides and cyanide oxides exports from Austria, with a X% share of total exports. Moreover, cyanides and cyanide oxides exports to Hungary exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and the Czech Republic (X% per year).

In value terms, Hungary ($X) emerged as the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Austria, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average cyanides and cyanide oxides export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into Austria

In 2022, overseas purchases of cyanides, cyanide oxides and complex cyanides increased by X% to X tons, rising for the third consecutive year after four years of decline. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, cyanides and cyanide oxides imports skyrocketed to $X in 2022. In general, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest cyanides and cyanide oxides supplier to Austria, with a X% share of total imports. Moreover, cyanides and cyanide oxides imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to Austria, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average cyanides and cyanide oxides import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :