India - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in India - 2023
Contents:
- Argon Price in India (FOB) - 2023
- Argon Price in India (CIF) - 2022
- Argon Exports in India
- Argon Imports in India
Argon Price in India (FOB) - 2023
The average argon export price stood at $1.4 per cubic meter in July 2023, rising by 33% against the previous month. Overall, the export price recorded a strong increase. The growth pace was the most rapid in June 2023 when the average export price increased by 64% m-o-m. Over the period under review, the average export prices hit record highs in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Nepal ($2.4 per cubic meter), while the average price for exports to Bangladesh amounted to $1.3 per cubic meter.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+9.0%).
Argon Price in India (CIF) - 2022
In 2022, the average argon import price amounted to $125 per cubic meter, surging by 593% against the previous year. Over the period under review, the import price saw a significant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 4,094%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($128 per cubic meter), while the price for Germany amounted to $12 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+86.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Argon Exports in India
In 2022, the amount of argon exported from India dropped notably to 3.5M cubic meters, waning by -15.3% on the previous year's figure. Over the period under review, exports saw a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 4.1M cubic meters, and then dropped remarkably in the following year.
In value terms, argon exports contracted markedly to $2.7M in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, the exports reached the peak of $3.6M, and then shrank dramatically in the following year.
| Export of Argon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 1.8 | 1.5 | 3.2 | 2.4 | 10.1% |
| Nepal | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Total | 2.0 | 1.9 | 3.6 | 2.7 | 10.5% |
Top Export Markets for Argon from India in 2022:
- Bangladesh (3.3M cubic meters)
- Nepal (0.2M cubic meters)
Argon Imports in India
In 2022, after two years of decline, there was significant growth in overseas purchases of argon, when their volume increased by 768% to 19K cubic meters. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, argon imports soared to $2.4M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Argon in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | N/A | 2,380 | 0% |
| United States | 27.5 | 19.4 | 3.7 | 7.4 | -35.4% |
| Germany | 4.4 | 2.9 | 20.6 | 2.9 | -13.0% |
| Cyprus | 23.0 | N/A | N/A | N/A | 0% |
| South Korea | N/A | 0.9 | N/A | N/A | 0% |
| Sri Lanka | N/A | 0.2 | N/A | N/A | 0% |
| Others | 1.2 | 2.9 | 15.4 | 0.1 | -56.3% |
| Total | 56.1 | 26.2 | 39.7 | 2,390 | 249.3% |
Top Suppliers of Argon to India in 2022:
- Qatar (18.6K cubic meters)
- United States (0.2K cubic meters)
- Germany (0.2K cubic meters)
This report provides an in-depth analysis of the argon market in India. 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 2030.
Product coverage:
- Prodcom 20111120 - Argon
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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