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

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

In 2022, the Benelux cyanides and cyanide oxides market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Benelux

In value terms, cyanides and cyanide oxides production reduced to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in Benelux

In 2022, after three years of growth, there was significant decline in overseas shipments of cyanides, cyanide oxides and complex cyanides, when their volume decreased by X% to X tons. In general, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, cyanides and cyanide oxides exports declined notably to $X in 2022. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium represented the main exporter of cyanides, cyanide oxides and complex cyanides in Benelux, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cyanides and cyanide oxides exports from Belgium stood at X%. The Netherlands (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports in Benelux

In 2022, overseas purchases of cyanides, cyanide oxides and complex cyanides increased by X% to X tons, rising for the second consecutive year after eight years of decline. Overall, imports, however, saw a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports surged to $X in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) represented the key importer of cyanides, cyanide oxides and complex cyanides, creating X% of total imports. It was distantly followed by Belgium (X tons), mixing up a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the cyanides, cyanide oxides and complex cyanides imports, with a CAGR of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported cyanides, cyanide oxides and complex cyanides in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports.

In the Netherlands, cyanides and cyanide oxides imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform