Africa: Rare Gases Market 2024

Rare Gases Market Size in Africa

The African rare gases market shrank slightly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Rare Gases Production in Africa

In value terms, rare gases production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Rare Gases Exports

Exports in Africa

In 2022, exports of rare gases (excluding argon) in Africa contracted to X cubic meters, declining by X% against 2021. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rare gases exports reduced slightly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined modestly in the following year.

Exports by Country

Algeria prevails in exports structure, resulting at X cubic meters, which was approx. X% of total exports in 2022. Mauritania (X cubic meters) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to rare gases exports from Algeria stood at X%. At the same time, Mauritania (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Algeria (X p.p.) and Mauritania (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) remains the largest rare gases supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with a X% share of total exports.

In Algeria, rare gases exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per cubic meter, growing by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rare gases export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per cubic meter), while Mauritania stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%).

Rare Gases Imports

Imports in Africa

Rare gases imports skyrocketed to X cubic meters in 2022, picking up by X% against the year before. Over the period under review, imports saw a mild expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports surged to $X in 2022. Overall, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Rwanda (X cubic meters) represented the main importer of rare gases (excluding argon), comprising X% of total imports. Namibia (X cubic meters) took the second position in the ranking, followed by Mauritania (X cubic meters). All these countries together took approx. X% share of total imports. The following importers - Angola (X cubic meters), Senegal (X cubic meters), Benin (X cubic meters), Nigeria (X cubic meters), Mozambique (X cubic meters), South Africa (X cubic meters) and Morocco (X cubic meters) - together made up X% of total imports.

Rwanda was also the fastest-growing in terms of the rare gases (excluding argon) imports, with a CAGR of X% from 2012 to 2022. At the same time, Mozambique (X%), Mauritania (X%), Benin (X%), Morocco (X%), Angola (X%) and Senegal (X%) displayed positive paces of growth. By contrast, Namibia (X%), South Africa (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Rwanda (X p.p.), Mauritania (X p.p.), Benin (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.), Nigeria (X p.p.) and Namibia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Rwanda ($X) constitutes the largest market for imported rare gases (excluding argon) in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Rwanda, rare gases imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2022, falling by X% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per cubic meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per cubic meter), while Namibia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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