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EU - Argon - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jul 1, 2020

Poland Emerges as the Fastest-Growing Argon Market in the EU

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IndexBox has just published a new report: 'EU - Argon - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The EU argon market amounted to $573M in 2019, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). 

Consumption by Country

The country with the largest volume of argon consumption was Germany (201M cubic meters), comprising approx. 22% of total volume. Moreover, argon consumption in Germany exceeded the figures recorded by the second-largest consumer, the Netherlands (100M cubic meters), twofold. The third position in this ranking was occupied by Poland (84M cubic meters), with a 9.4% share.

From 2007 to 2019, the average annual growth rate of volume in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (+4.9% per year) and Poland (+9.6% per year).

In value terms, Germany ($83M), Spain ($78M) and Italy ($77M) were the countries with the highest levels of market value in 2019, with a combined 42% share of the total market. These countries were followed by Poland, the Czech Republic, Finland, France, the Netherlands and Belgium, which together accounted for a further 37%.

The countries with the highest levels of argon per capita consumption in 2019 were Finland (8.17 cubic meters per person), the Netherlands (5.83 cubic meters per person) and the Czech Republic (4.29 cubic meters per person).

Market Forecast to 2030

Driven by increasing demand for argon in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.1% for the period from 2019 to 2030, which is projected to bring the market volume to 1B cubic meters by the end of 2030.

Production in the EU

In 2019, the amount of argon produced in the European Union was estimated at 916M cubic meters, remaining constant against the previous year. The total output volume increased at an average annual rate of +1.4% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. The volume of production peaked in 2019 and is expected to retain growth in years to come.

In value terms, argon production dropped modestly to $558M in 2019 estimated in export prices. In general, production saw a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of 3.1% year-to-year. The level of production peaked at $877M in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Production by Country

The countries with the highest volumes of argon production in 2019 were Germany (260M cubic meters), the Netherlands (133M cubic meters) and Belgium (85M cubic meters), together accounting for 52% of total production. Spain, Poland, the Czech Republic, Finland, Italy, France, the UK, Sweden and Austria lagged somewhat behind, together comprising a further 43%.

From 2007 to 2019, the biggest increases were in the Czech Republic, while argon production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, imports of argon in the European Union reduced to 228M cubic meters, waning by -10.8% against 2018 figures. The total import volume increased at an average annual rate of +1.9% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 23% y-o-y. As a result, imports attained the peak of 255M cubic meters, and then dropped in the following year.

In value terms, argon imports declined modestly to $123M (IndexBox estimates) in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. 

Imports by Country

The countries with the highest levels of argon imports in 2019 were Italy (32M cubic meters), France (29M cubic meters) and the UK (23M cubic meters), together reaching 37% of total imports. Poland (15M cubic meters) took the next position in the ranking, followed by Germany (14M cubic meters) and Hungary (12M cubic meters). All these countries together occupied approx. 18% share of total imports. Ireland (9.1M cubic meters), Slovenia (8.8M cubic meters), Belgium (8.6M cubic meters), the Czech Republic (8.5M cubic meters), the Netherlands (8.2M cubic meters) and Sweden (7.8M cubic meters) occupied a minor share of total imports.

From 2007 to 2019, the biggest increases were in the UK, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest argon importing markets in the European Union were Italy ($17M), France ($12M) and the UK ($9.4M), together comprising 31% of total imports. These countries were followed by the Netherlands, Poland, Germany, Hungary, Slovenia, Ireland, the Czech Republic, Belgium and Sweden, which together accounted for a further 40%.

Import Prices by Country

In 2019, the argon import price in the European Union amounted to $0.5 per cubic meter, surging by 12% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2008 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $0.8 per cubic meter. From 2009 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($1 per cubic meter), while France ($0.4 per cubic meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20111120 - Argon

This report provides an in-depth analysis of the argon market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• United Kingdom
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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