Peru - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Peru - 2021
Contents:
- Argon Price in Peru (CIF) - 2021
- Argon Price in Peru (FOB) - 2022
- Argon Imports in Peru
- Argon Exports in Peru
Argon Price in Peru (CIF) - 2021
In April 2020, the average argon import price amounted to $1.1 per cubic meter, flattening at the previous month. Over the period under review, the import price saw a perceptible decline. The growth pace was the most rapid in March 2020 when the average import price increased by 0.3% month-to-month. Over the period under review, average import prices attained the peak figure at $1.3 per cubic meter in January 2020; however, from February 2020 to April 2020, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In April 2020, the country with the highest price was Belgium ($1.4 per cubic meter), while the price for Trinidad and Tobago totaled $1.0 per cubic meter.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by China (0.0%), while the prices for the other major suppliers experienced a decline.
Argon Price in Peru (FOB) - 2022
In 2022, the average argon export price amounted to $1.8 per cubic meter, growing by 21% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum at $2.3 per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($3.2 per cubic meter), while the average price for exports to Belgium totaled $0.8 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+3.7%), while the prices for the other major destinations experienced a decline.
Argon Imports in Peru
In 2022, after three years of growth, there was significant decline in overseas purchases of argon, when their volume decreased by -25.7% to 2.3M cubic meters. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 106%. As a result, imports attained the peak of 3.1M cubic meters, and then declined significantly in the following year.
In value terms, argon imports shrank significantly to $2.8M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $3.5M, and then dropped dramatically in the following year.
| Import of Argon in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 1,127 | 937 | 497 | 920 | -6.5% |
| Belgium | 375 | 541 | 938 | 866 | 32.2% |
| Ecuador | 110 | 272 | 623 | 575 | 73.6% |
| United States | 138 | 37.7 | 253 | 234 | 19.2% |
| Singapore | 27.3 | 59.4 | 87.5 | 80.8 | 43.6% |
| France | N/A | 66.7 | 803 | N/A | 1103.9% |
| Others | 226 | 134 | 333 | 115 | -20.2% |
| Total | 2,004 | 2,047 | 3,534 | 2,791 | 11.7% |
Top Suppliers of Argon to Peru in 2022:
- Trinidad and Tobago (1073.4K cubic meters)
- Belgium (695.6K cubic meters)
- Ecuador (234.0K cubic meters)
- United States (209.7K cubic meters)
- Singapore (42.3K cubic meters)
Argon Exports in Peru
In 2022, the amount of argon exported from Peru totaled 34K cubic meters, surging by 13% compared with 2021 figures. Over the period under review, exports, however, showed a noticeable decline. Over the period under review, the exports hit record highs at 38K cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, argon exports skyrocketed to $60K in 2022. In general, exports, however, showed a drastic downturn. The exports peaked at $81K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Argon in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 62.7 | 8.6 | 22.6 | 40.9 | -13.3% |
| Belgium | 7.9 | 8.7 | 12.6 | 17.1 | 29.4% |
| Ecuador | N/A | 51.2 | 6.5 | N/A | -87.3% |
| Trinidad and Tobago | 5.3 | 7.6 | N/A | N/A | 43.4% |
| Others | 4.8 | 0.5 | 1.9 | 2.1 | -24.1% |
| Total | 80.7 | 76.6 | 43.7 | 60.1 | -9.4% |
Top Export Markets for Argon from Peru in 2022:
- Belgium (20.6K cubic meters)
- Bolivia (12.9K cubic meters)
This report provides an in-depth analysis of the argon market in Peru. 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:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- 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.
-
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
-
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
-
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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