EU: Rare Gases Market 2024

Rare Gases Market Size in the EU

The EU rare gases market totaled $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, showed a pronounced setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Rare Gases Production in the EU

In value terms, rare gases production reached $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Rare Gases Exports

Exports in the EU

In 2022, overseas shipments of rare gases (excluding argon) increased by X% to X cubic meters, rising for the sixth year in a row after two years of decline. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, rare gases exports totaled $X in 2022. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The biggest shipments were from the Netherlands (X cubic meters), France (X cubic meters), Belgium (X cubic meters) and Italy (X cubic meters), together reaching X% of total export. Germany (X cubic meters) took the next position in the ranking, followed by Spain (X cubic meters), Romania (X cubic meters) and Portugal (X cubic meters). All these countries together held approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rare gases supplying countries in the European Union were France ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports. The Netherlands, Italy, Portugal, Spain and Romania lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per cubic meter, which is down by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2020; however, from 2021 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 Germany ($X per cubic meter), while Romania ($X per cubic meter) was amongst the lowest.

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

Rare Gases Imports

Imports in the EU

In 2022, overseas purchases of rare gases (excluding argon) increased by X% to X cubic meters, rising for the fifth consecutive year after three years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports expanded sharply to $X in 2022. Total imports indicated a noticeable increase 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X cubic meters), distantly followed by Belgium (X cubic meters), France (X cubic meters), Italy (X cubic meters), Germany (X cubic meters) and Sweden (X cubic meters) represented the main importers of rare gases (excluding argon), together comprising X% of total imports. Spain (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, the Netherlands, Spain and Sweden lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per cubic meter in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a mild downturn. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per cubic meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the Netherlands ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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