Argentina: Rare Gases Market 2024

Rare Gases Market Size in Argentina

In 2023, the Argentinian rare gases market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, the total consumption indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Rare Gases Exports

Exports from Argentina

In 2023, exports of rare gases (excluding argon) from Argentina soared to X cubic meters, with an increase of X% on the year before. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, rare gases exports skyrocketed to $X in 2023. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Uruguay (X cubic meters) was the main destination for rare gases exports from Argentina, accounting for a X% share of total exports. It was followed by Paraguay (X cubic meters), with a X% share of total exports. Bolivia (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Uruguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Bolivia (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for rare gases (excluding argon) exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Bolivia (X% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2023, shrinking by X% against the previous year. Overall, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per cubic meter), while the average price for exports to Chile ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Argentina

In 2023, approx. X cubic meters of rare gases (excluding argon) were imported into Argentina; jumping by X% compared with 2022. Overall, imports, however, saw a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, rare gases imports reached $X in 2023. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China (X cubic meters), the United States (X cubic meters) and Qatar (X cubic meters) were the main suppliers of rare gases imports to Argentina, together comprising X% of total imports. Algeria, the Netherlands and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, 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, the United States ($X) constituted the largest supplier of rare gases (excluding argon) to Argentina, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Chile (X% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform