Australia: Rare Gases Market 2024

Rare Gases Market Size in Australia

The Australian rare gases market declined slightly to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Rare gases consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Rare Gases Production in Australia

In value terms, rare gases production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Australia

After three years of growth, shipments abroad of rare gases (excluding argon) decreased by X% to X cubic meters in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, rare gases exports shrank modestly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

Singapore (X cubic meters) was the main destination for rare gases exports from Australia, with a X% share of total exports. Moreover, rare gases exports to Singapore exceeded the volume sent to the second major destination, China (X cubic meters), ninefold. The third position in this ranking was held by New Zealand (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and New Zealand (X% per year).

In value terms, Singapore ($X) remains the key foreign market for rare gases (excluding argon) exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the export price posted significant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to Fiji ($X 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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Australia

After six years of decline, purchases abroad of rare gases (excluding argon) increased by X% to X cubic meters in 2022. In general, imports, however, showed a abrupt decrease. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, rare gases imports soared to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Portugal (X cubic meters) constituted the largest supplier of rare gases to Australia, with a X% share of total imports. Moreover, rare gases imports from Portugal exceeded the figures recorded by the second-largest supplier, Qatar (X cubic meters), twofold. The United States (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (X% per year) and the United States (X% per year).

In value terms, Qatar ($X), the United States ($X) and Portugal ($X) were the largest rare gases suppliers to Australia, together accounting for X% of total imports. The United Arab Emirates, China, Singapore, Malaysia and New Zealand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, New Zealand, with a CAGR of X.4%, saw 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

The average rare gases import price stood at $X per cubic meter in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per cubic meter in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Malaysia ($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 Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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