ASEAN: Rare Gases Market 2024

Rare Gases Market Size in ASEAN

The ASEAN rare gases market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Rare Gases Production in ASEAN

In value terms, rare gases production stood at $X in 2022 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Rare Gases Exports

Exports in ASEAN

In 2022, the amount of rare gases (excluding argon) exported in ASEAN skyrocketed to X cubic meters, rising by X% against 2021. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports surged to $X in 2022. Overall, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines represented the main exporting country with an export of around X cubic meters, which resulted at X% of total exports. It was distantly followed by Singapore (X cubic meters), committing a X% share of total exports. Indonesia (X cubic meters) and Malaysia (X cubic meters) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the rare gases (excluding argon) exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Philippines increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest rare gases supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per cubic meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per cubic meter in 2021, and then shrank notably in the following year.

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 Singapore ($X per cubic meter), while the Philippines ($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 Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Rare Gases Imports

Imports in ASEAN

In 2022, supplies from abroad of rare gases (excluding argon) decreased by X% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X cubic meters in 2021, and then fell modestly in the following year.

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

Imports by Country

Indonesia (X cubic meters) and the Philippines (X cubic meters) represented roughly X% of total imports in 2022. Singapore (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%). Malaysia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported rare gases (excluding argon) in ASEAN, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, 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: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per cubic meter, jumping by X% against the previous year. Import price indicated a buoyant 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per cubic meter), while Indonesia ($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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :