Luxembourg: Rare Gases Market 2024

Rare Gases Market Size in Luxembourg

The Luxembourg rare gases market contracted to $X in 2022, waning by X% against the previous year. In general, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Rare Gases Production in Luxembourg

In value terms, rare gases production shrank to $X in 2022 estimated in export price. Overall, production faced a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Rare Gases Exports

Exports from Luxembourg

After two years of growth, shipments abroad of rare gases (excluding argon) decreased by X% to X cubic meters in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X cubic meters, and then shrank in the following year.

In value terms, rare gases exports fell remarkably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Belgium (X cubic meters) was the main destination for rare gases exports from Luxembourg, accounting for a X% share of total exports. Moreover, rare gases exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X cubic meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at X%.

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, waning by X% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Belgium amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%).

Rare Gases Imports

Imports into Luxembourg

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Luxembourg; waning by X% compared with the previous year's figure. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters, and then reduced in the following year.

In value terms, rare gases imports declined significantly to $X in 2022. In general, total imports indicated a measured 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 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

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

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

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

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, which is down by X% against the previous year. Over the period under review, the import price showed a slight slump. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per cubic meter) and Germany ($X per cubic meter), while the price for the Netherlands ($X per cubic meter) and Italy ($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 Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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