Iran: Rare Gases Market 2024

Rare Gases Market Size in Iran

In 2022, the Iranian rare gases market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a resilient 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. Rare gases consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Rare Gases Exports

Exports from Iran

In 2022, the amount of rare gases (excluding argon) exported from Iran expanded sharply to X cubic meters, with an increase of X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, rare gases exports contracted to $X in 2022. Overall, exports showed moderate growth. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Qatar (X cubic meters), Iraq (X cubic meters) and Azerbaijan (X cubic meters) were the main destinations of rare gases exports from Iran, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Azerbaijan ($X) remains the key foreign market for rare gases (excluding argon) exports from Iran, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, with a decrease of X% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter, and then shrank dramatically in the following year.

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 Azerbaijan ($X per cubic meter), while the average price for exports to Iraq ($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 Azerbaijan (X%), while the prices for the other major destinations experienced a decline.

Rare Gases Imports

Imports into Iran

After two years of decline, overseas purchases of rare gases (excluding argon) increased by X% to X cubic meters in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, rare gases imports amounted to $X in 2022. Overall, total imports indicated a strong 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 decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X cubic meters) constituted the largest supplier of rare gases to Iran, accounting for a X% share of total imports. Moreover, rare gases imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Switzerland (X cubic meters), threefold. Singapore (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 Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Singapore (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Qatar (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. Over the period under review, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

Source: IndexBox Platform

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