Asia: Rare Gases Market 2024

Rare Gases Market Size in Asia

The Asian rare gases market reduced modestly to $X in 2022, almost unchanged from 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 consistent, with only minor fluctuations throughout the analyzed period. 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

In value terms, rare gases production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports in Asia

In 2022, shipments abroad of rare gases (excluding argon) was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X cubic meters) and the Philippines (X cubic meters) were the key exporters of rare gases (excluding argon) in Asia, together amounting to near X% of total exports. The United Arab Emirates (X cubic meters) held the next position in the ranking, distantly followed by South Korea (X cubic meters) and Singapore (X cubic meters). All these countries together took near X% share of total exports. Turkey (X cubic meters) and Kuwait (X cubic meters) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. 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

The export price in Asia stood at $X per cubic meter in 2022, falling by X% against the previous year. Over the period under review, the export price, however, posted a measured increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2021, and then declined 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 Kuwait (X%), while the other leaders experienced more modest paces of growth.

Rare Gases Imports

Imports in Asia

In 2022, supplies from abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the sixth year in a row after two years of decline. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

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

Imports by Country

In 2022, China (X cubic meters) represented the key importer of rare gases (excluding argon), generating 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), the United Arab Emirates (X cubic meters), Taiwan (Chinese) (X cubic meters), Singapore (X cubic meters) and Japan (X cubic meters). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rare gases imports into China stood at X%. At the same time, the United Arab Emirates (X%), the Philippines (X%), South Korea (X%), Singapore (X%), Taiwan (Chinese) (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.), the Philippines (X p.p.) and the United Arab Emirates (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, the largest rare gases importing markets in Asia were South Korea ($X), China ($X) and Japan ($X), together comprising X% of total imports. Taiwan (Chinese), Singapore, the United Arab Emirates, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 amounted to $X per cubic meter, rising by X% against the previous year. Import price indicated a strong increase 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 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

Frequently Asked Questions (FAQ) :