Asia-Pacific: Rare Gases Market 2024

Rare Gases Market Size in Asia-Pacific

The Asia-Pacific rare gases market contracted slightly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Rare Gases Production in Asia-Pacific

In value terms, rare gases production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Rare Gases Exports

Exports in Asia-Pacific

Rare gases exports soared to X cubic meters in 2022, jumping by X% against the year before. Overall, exports recorded 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. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X cubic meters) and the Philippines (X cubic meters) dominates exports structure, together comprising X% of total exports. South Korea (X cubic meters) ranks next in terms of the total exports with a X% share, followed by Singapore (X%) and Australia (X%). The following exporters - Indonesia (X cubic meters) and Hong Kong SAR (X cubic meters) - each finished at a X% share of total exports.

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

In value terms, China ($X) emerged as the largest rare gases supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Singapore, with an X% share.

In China, rare gases exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per cubic meter, which is down by X% against the previous year. In general, the export price, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per cubic meter in 2021, and then fell 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 South Korea ($X per cubic meter), while the Philippines ($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 Australia (X%), while the other leaders experienced more modest paces of growth.

Rare Gases Imports

Imports in Asia-Pacific

In 2022, rare gases imports in Asia-Pacific surged to X cubic meters, increasing by X% against the previous year. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

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

Imports by Country

In 2022, China (X cubic meters) represented the major importer of rare gases (excluding argon), achieving X% of total imports. South Korea (X cubic meters) took the second position in the ranking, followed by Indonesia (X cubic meters), the Philippines (X cubic meters), Taiwan (Chinese) (X cubic meters), Singapore (X cubic meters) and Japan (X cubic meters). All these countries together held near X% share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), South Korea (X%), Singapore (X%), Taiwan (Chinese) (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Taiwan (Chinese), Singapore, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, jumping by X% against the previous year. Import price indicated buoyant growth 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 import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Korea ($X per cubic meter), while Indonesia ($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 South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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