Belgium: Rare Gases Market 2024

Rare Gases Market Size in Belgium

The Belgian rare gases market rose notably to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in Belgium

In value terms, rare gases production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Belgium

In 2022, exports of rare gases (excluding argon) from Belgium soared to X cubic meters, rising by X% compared with the year before. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, rare gases exports skyrocketed to $X in 2022. Overall, exports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X cubic meters), the UK (X cubic meters) and France (X cubic meters) were the main destinations of rare gases exports from Belgium, with a combined X% share of total exports. The Netherlands, Finland, Italy and Luxembourg lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for rare gases exported from Belgium were the UK ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. France, Finland, Italy and Luxembourg lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, flattening at the previous year. Overall, the export price, however, saw a noticeable contraction. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Luxembourg ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Rare Gases Imports

Imports into Belgium

In 2022, the amount of rare gases (excluding argon) imported into Belgium stood at X cubic meters, growing by X% compared with 2021. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, rare gases imports contracted to $X in 2022. In general, imports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest rare gases supplier to Belgium, with a X% share of total imports. Moreover, rare gases imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), fourfold. The Netherlands (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 the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) constituted the largest supplier of rare gases (excluding argon) to Belgium, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for the Netherlands ($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 United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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