Report Update: May 1, 2024

Czech Republic - Argon - Market Analysis, Forecast, Size, Trends And Insights

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Argon Price in the Czech Republic - 2023

Argon Price in the Czech Republic (FOB) - 2023

The average argon export price stood at $969 per thousand cubic meters in June 2023, dropping by -4.9% against the previous month. In general, the export price, however, enjoyed a strong increase. The growth pace was the most rapid in November 2022 an increase of 44% m-o-m. Over the period under review, the average export prices reached the maximum at $1.2 per cubic meter in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Italy ($2.6 per cubic meter), while the average price for exports to Germany ($510 per thousand cubic meters) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Argon Price in the Czech Republic (CIF) - 2023

In June 2023, the average argon import price amounted to $957 per thousand cubic meters, with a decrease of -4.9% against the previous month. In general, import price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, argon import price increased by +8.5% against February 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 56% m-o-m. Over the period under review, average import prices reached the peak figure at $1.2 per cubic meter in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1.2 per cubic meter), while the price for Slovakia ($426 per thousand cubic meters) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Argon Exports in the Czech Republic

In 2022, shipments abroad of argon was finally on the rise to reach 13M cubic meters for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, argon exports skyrocketed to $7.6M in 2022. The total export value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Argon in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	2.5	2.2	2.1	3.2	8.6%
Slovakia	2.5	2.4	2.0	2.0	-7.2%
Italy	N/A	N/A	0.1	1.4	1300.0%
Germany	0.3	0.6	0.3	0.4	10.1%
Ukraine	N/A	N/A	N/A	0.2	0%
Hungary	0.4	0.5	0.3	0.2	-20.6%
Austria	0.2	0.2	0.2	0.2	0.0%
Others	0.1	0.3	0.1	N/A	0.0%
Total	6.0	6.2	5.1	7.6	8.2%

Top Export Markets for Argon from the Czech Republic in 2022:

Poland (5.4M cubic meters)
Slovakia (4.5M cubic meters)
Italy (1.7M cubic meters)
Germany (0.9M cubic meters)
Ukraine (0.3M cubic meters)
Hungary (0.3M cubic meters)
Austria (0.2M cubic meters)

Argon Imports in the Czech Republic

Argon imports into the Czech Republic declined significantly to 4.3M cubic meters in 2022, dropping by -27% compared with the year before. Over the period under review, imports showed a dramatic downturn. The smallest decline of -5.5% was in 2021. Over the period under review, imports reached the maximum at 9M cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, argon imports declined markedly to $3.1M in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 6.1%. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Argon in the Czech Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	1,296	1,569	1,493	1,239	-1.5%
Germany	2,113	1,462	1,576	914	-24.4%
Belarus	N/A	N/A	N/A	264	0%
Romania	8.4	N/A	N/A	186	180.8%
Slovakia	329	123	66.1	170	-19.8%
Ukraine	281	182	189	96.9	-29.9%
Austria	246	120	330	87.3	-29.2%
Others	91.2	74.1	92.6	191	27.9%
Total	4,365	3,530	3,746	3,149	-10.3%

Top Suppliers of Argon to the Czech Republic in 2022:

Poland (1783.9K cubic meters)
Germany (1645.0K cubic meters)
Slovakia (230.7K cubic meters)
Belarus (214.4K cubic meters)
Romania (75.8K cubic meters)
Ukraine (73.8K cubic meters)
Austria (72.8K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the argon market in the Czech Republic. 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:

Czech Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Czech Republic
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023