Brazil: Rare Gases Market 2024

Rare Gases Market Size in Brazil

In 2022, the Brazilian rare gases market increased by X% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Rare gases consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Exports

Exports from Brazil

In 2022, shipments abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the second year in a row after three years of decline. Overall, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, rare gases exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate pronounced growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters) was the main destination for rare gases exports from Brazil, accounting for a X% share of total exports. Moreover, rare gases exports to the United States exceeded the volume sent to the second major destination, Uruguay (X cubic meters), threefold. Paraguay (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Paraguay (X% per year).

In value terms, the United States ($X) remains the key foreign market for rare gases (excluding argon) exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Paraguay, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, rising by X% against the previous year. In general, export 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. Based on 2022 figures, rare gases export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per cubic meter), while the average price for exports to Uruguay ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Brazil

In 2022, purchases abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, rare gases imports reached $X in 2022. In general, total imports indicated a prominent expansion 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 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of rare gases (excluding argon) to Brazil, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%.

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed prominent growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2021 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per cubic meter), while the price for Qatar amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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