Northern America: Rare Gases Market 2024

Rare Gases Market Size in Northern America

The North American rare gases market declined to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Rare Gases Production in Northern America

In value terms, rare gases production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Rare Gases Exports

Exports in Northern America

In 2022, shipments abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the third year in a row after four years of decline. In general, exports saw a strong expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, rare gases exports surged to $X in 2022. The total export 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 throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, resulting at X cubic meters, which was near X% of total exports in 2022. Canada (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to rare gases exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest rare gases supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, rare gases exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, flattening at the previous year. Overall, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per cubic meter), while the United States totaled $X per cubic meter.

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

Rare Gases Imports

Imports in Northern America

In 2022, the amount of rare gases (excluding argon) imported in Northern America expanded rapidly to X cubic meters, with an increase of X% on the previous year. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, rare gases imports soared to $X in 2022. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X cubic meters) and Canada (X cubic meters) represented roughly X% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of X%).

In value terms, the United States ($X) constitutes the largest market for imported rare gases (excluding argon) in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports.

In the United States, rare gases imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per cubic meter, growing by X% against the previous year. In general, the import price enjoyed mild growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while Canada totaled $X per cubic meter.

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

Source: IndexBox Platform

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