Chile: Rare Gases Market 2024

Rare Gases Market Size in Chile

In 2022, the Chilean rare gases market increased by X% to $X, rising for the third year in a row after three 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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Rare Gases Exports

Exports from Chile

In 2022, shipments abroad of rare gases (excluding argon) decreased by X% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then fell rapidly in the following year.

In value terms, rare gases exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Peru (X cubic meters), Argentina (X cubic meters) and Ecuador (X cubic meters) were the main destinations of rare gases exports from Chile, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (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 Chile were Peru ($X), Argentina ($X) and Ecuador ($X), with a combined X% share of total exports.

Argentina, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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, growing by X% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per cubic meter), while the average price for exports to Argentina ($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 Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Chile

Rare gases imports into Chile fell slightly to X cubic meters in 2022, with a decrease of X% against the year before. In general, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rare gases imports rose slightly to $X in 2022. Overall, total imports indicated a remarkable 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X cubic meters) was the main rare gases supplier to Chile, accounting for a X% share of total imports. Moreover, rare gases imports from the United States exceeded the figures recorded by the second-largest supplier, China (X cubic meters), more than tenfold. Portugal (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: China (X% per year) and Portugal (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per cubic meter) and the United States ($X per cubic meter), while the price for Portugal ($X per cubic meter) and China ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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