U.S. - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in the United States - 2023
Contents:
- Argon Price in the United States (CIF) - 2023
- Argon Price in the United States (FOB) - 2022
- Argon Imports in the United States
- Argon Exports in the United States
Argon Price in the United States (CIF) - 2023
In July 2023, the average argon import price amounted to $649 per thousand cubic meters, stabilizing at the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 27% m-o-m. As a result, import price attained the peak level of $0.7 per cubic meter. From December 2022 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($852 per thousand cubic meters), while the price for Hungary ($502 per thousand cubic meters) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Argon Price in the United States (FOB) - 2022
The average argon export price stood at $0.6 per cubic meter in 2022, surging by 20% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. As a result, the export price reached the peak level of $0.8 per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($0.9 per cubic meter), while the average price for exports to the Netherlands ($0.1 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Imports in the United States
In 2022, the amount of argon imported into the United States fell to 29M cubic meters, with a decrease of -7.6% on 2021 figures. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 2% against the previous year. Imports peaked at 38M cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, argon imports reduced to $20M in 2022. In general, imports saw a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $22M, and then declined in the following year.
| Import of Argon in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 19.5 | 17.7 | 19.6 | 17.2 | -4.1% |
| Hungary | 1.0 | 0.7 | 0.8 | 1.4 | 11.9% |
| Austria | 1.5 | 1.5 | 1.8 | 1.2 | -7.2% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 22.1 | 20.0 | 22.4 | 20.0 | -3.3% |
Top Suppliers of Argon to the United States in 2022:
- Canada (25.8M cubic meters)
- Hungary (2.5M cubic meters)
- Austria (1.0M cubic meters)
Argon Exports in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of argon, when their volume decreased by -6.7% to 27M cubic meters. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at 29M cubic meters in 2021, and then declined in the following year.
In value terms, argon exports expanded remarkably to $15M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 63%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Argon in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 6.1 | 5.4 | 9.5 | 9.4 | 15.5% |
| Canada | 1.2 | 1.2 | 1.8 | 1.4 | 5.3% |
| Qatar | N/A | N/A | N/A | 0.9 | 0% |
| Netherlands | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Costa Rica | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Peru | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Dominican Republic | 0.3 | N/A | 0.2 | 0.3 | 0.0% |
| Chile | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Others | 1.6 | 1.5 | 1.7 | 1.8 | 4.0% |
| Total | 9.6 | 8.4 | 13.7 | 15.3 | 16.8% |
Top Export Markets for Argon from the United States in 2022:
- Mexico (13.9M cubic meters)
- Netherlands (5.0M cubic meters)
- Canada (1.4M cubic meters)
- Qatar (1.2M cubic meters)
- Costa Rica (0.6M cubic meters)
- Dominican Republic (0.6M cubic meters)
- Chile (0.5M cubic meters)
- Peru (0.5M cubic meters)
This report provides an in-depth analysis of the argon market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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