Estonia: Rare Gases Market 2024

Rare Gases Market Size in Estonia

The Estonian rare gases market contracted slightly to $X in 2022, remaining constant against the previous year. Overall, consumption showed a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Rare Gases Production in Estonia

In value terms, rare gases production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Estonia

For the fifth consecutive year, Estonia recorded decline in shipments abroad of rare gases (excluding argon), which decreased by X% to X cubic meters in 2022. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rare gases exports rose markedly to $X in 2022. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X cubic meters), Russia (X cubic meters) and Ukraine (X cubic meters) were the main destinations of rare gases exports from Estonia, 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 Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for rare gases (excluding argon) exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (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. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Ukraine ($X per cubic meter), while the average price for exports to Latvia ($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 Ukraine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Estonia

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Estonia; which is down by X% compared with the previous year. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, rare gases imports soared to $X in 2022. In general, imports, however, posted a prominent increase. 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 years to come.

Imports by Country

Latvia (X cubic meters), Poland (X cubic meters) and Italy (X cubic meters) were the main suppliers of rare gases imports to Estonia, together comprising X% of total imports. Finland, Germany and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of rare gases (excluding argon) to Estonia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (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. Overall, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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