United Kingdom - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in the UK - 2023
Contents:
- Argon Price in the UK (CIF) - 2023
- Argon Price in the UK (FOB) - 2023
- Argon Imports in the UK
- Argon Exports in the UK
Argon Price in the UK (CIF) - 2023
In May 2023, the average argon import price amounted to $623 per thousand cubic meters, with a decrease of -16.8% against the previous month. In general, import price indicated mild growth from May 2022 to May 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, argon import price decreased by -16.8% against April 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 23% month-to-month. The import price peaked at $749 per thousand cubic meters in April 2023, and then reduced dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($1.2 per cubic meter), while the price for the Netherlands ($546 per thousand cubic meters) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Argon Price in the UK (FOB) - 2023
The average argon export price stood at $619 per thousand cubic meters in May 2023, increasing by 4.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 44% m-o-m. As a result, the export price reached the peak level of $0.8 per cubic meter. From December 2022 to May 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From May 2022 to May 2023, the rate of growth in terms of prices for Ireland amounted to +1.3% per month.
Argon Imports in the UK
In 2022, argon imports into the UK soared to 22M cubic meters, growing by 25% against the previous year's figure. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, argon imports skyrocketed to $12M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +68.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Argon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.4 | 4.0 | 4.4 | 8.3 | 15.4% |
| Belgium | 2.2 | 2.0 | 3.1 | 2.1 | -1.5% |
| Germany | 0.9 | 0.6 | 0.6 | 0.5 | -17.8% |
| Ireland | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Others | 0.3 | 0.1 | 0.3 | 0.6 | 26.0% |
| Total | 9.4 | 7.1 | 8.6 | 11.9 | 8.2% |
Top Suppliers of Argon to the UK in 2022:
- Netherlands (16.7M cubic meters)
- Belgium (4.2M cubic meters)
- Germany (0.4M cubic meters)
- Ireland (0.4M cubic meters)
Argon Exports in the UK
In 2022, argon exports from the UK soared to 12M cubic meters, jumping by 15% against the previous year. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +61.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, argon exports surged to $7M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Argon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 3.7 | 3.4 | 5.2 | 6.3 | 19.4% |
| Others | 0.3 | 0.3 | 0.2 | 0.7 | 32.6% |
| Total | 4.1 | 3.7 | 5.4 | 7.0 | 19.5% |
Top Export Markets for Argon from the UK in 2022:
- Ireland (12.2M cubic meters)
This report provides an in-depth analysis of the argon market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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