South Africa - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in South Africa - 2023
Contents:
- Argon Price in South Africa (FOB) - 2022
- Argon Price in South Africa (CIF) - 2022
- Argon Exports in South Africa
- Argon Imports in South Africa
Argon Price in South Africa (FOB) - 2022
In 2022, the average argon export price amounted to $0.7 per cubic meter, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $0.7 per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Namibia ($0.7 per cubic meter) and Botswana ($0.7 per cubic meter), while the average price for exports to Mozambique ($0.7 per cubic meter) and Belgium ($0.7 per cubic meter) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Price in South Africa (CIF) - 2022
The average argon import price stood at $0.8 per cubic meter in 2022, picking up by 11% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, argon import price increased by +46.9% against 2017 indices. The growth pace was the most rapid in 2015 when the average import price increased by 209% against the previous year. As a result, import price attained the peak level of $0.9 per cubic meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($0.8 per cubic meter) and the United Arab Emirates ($0.8 per cubic meter), while the price for Italy ($0.8 per cubic meter) and Belgium ($0.8 per cubic meter) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Exports in South Africa
In 2022, the amount of argon exported from South Africa fell modestly to 2.4M cubic meters, leveling off at the previous year's figure. Overall, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. The exports peaked at 2.7M cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, argon exports rose notably to $1.7M in 2022. Over the period under review, total exports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Argon in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 664 | 405 | 691 | 496 | -9.3% |
| Mozambique | 180 | 178 | 227 | 240 | 10.1% |
| Namibia | 144 | 121 | 154 | 214 | 14.1% |
| Zambia | 83.3 | 110 | 152 | 193 | 32.3% |
| Zimbabwe | 56.9 | 96.1 | 138 | 193 | 50.3% |
| Belgium | N/A | N/A | N/A | 184 | 0% |
| Botswana | 32.8 | 26.9 | 45.6 | 68.6 | 27.9% |
| Madagascar | 123 | 31.3 | 40.9 | 17.3 | -48.0% |
| Nigeria | 102 | 4.7 | N/A | N/A | -95.4% |
| Others | 109 | 55.6 | 36.0 | 61.4 | -17.4% |
| Total | 1,495 | 1,029 | 1,485 | 1,669 | 3.7% |
Top Export Markets for Argon from South Africa in 2022:
- Democratic Republic of the Congo (699.8K cubic meters)
- Mozambique (339.0K cubic meters)
- Namibia (302.1K cubic meters)
- Zimbabwe (272.6K cubic meters)
- Zambia (272.4K cubic meters)
- Belgium (259.9K cubic meters)
- Botswana (96.8K cubic meters)
- Madagascar (24.4K cubic meters)
Argon Imports in South Africa
Argon imports into South Africa soared to 93K cubic meters in 2022, picking up by 104% on 2021. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, argon imports skyrocketed to $74K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Argon in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 53.1 | 0% |
| Austria | 17.9 | 3.8 | 24.3 | 12.9 | -10.3% |
| Italy | 4.1 | N/A | N/A | 3.3 | -7.0% |
| Belgium | 0.3 | N/A | N/A | 3.0 | 115.4% |
| United States | 1.5 | 5.3 | 1.2 | 1.7 | 4.3% |
| Netherlands | N/A | 11.8 | 0.7 | 0.3 | -84.1% |
| United Kingdom | N/A | 2.1 | 3.3 | N/A | 57.1% |
| Others | 0.2 | 1.4 | 3.2 | N/A | 300.0% |
| Total | 24.0 | 24.4 | 32.8 | 74.3 | 45.7% |
Top Suppliers of Argon to South Africa in 2022:
- United Arab Emirates (66.1K cubic meters)
- Austria (16.1K cubic meters)
- Italy (4.1K cubic meters)
- Belgium (3.8K cubic meters)
- United States (2.2K cubic meters)
- Netherlands (0.4K cubic meters)
This report provides an in-depth analysis of the argon market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
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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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