Report Update Apr 1, 2024

Philippines - Rare Gases (Excluding Argon) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Rare Gases Market 2024

Rare Gases Market Size in the Philippines

In 2022, the Philippine rare gases market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption posted buoyant growth. Rare gases consumption peaked at $X in 2021, and then fell slightly in the following year.

Rare Gases Production in the Philippines

In value terms, rare gases production totaled $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when the production volume decreased by X%. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Rare Gases Exports

Exports from the Philippines

In 2022, shipments abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the second year in a row after three years of decline. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports surged to $X in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X cubic meters) was the main destination for rare gases exports from the Philippines, with a approx. X% share of total exports.

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

In value terms, Japan ($X) also remains the key foreign market for rare gases (excluding argon) exports from the Philippines.

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

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Rare Gases Imports

Imports into the Philippines

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into the Philippines; increasing by X% against 2021 figures. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports soared to $X in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X cubic meters) constituted the largest rare gases supplier to the Philippines, with a X% share of total imports. Moreover, rare gases imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fourfold. Japan (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 Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

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

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

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, declining by X% against the previous year. Over the period under review, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per cubic meter in 2020; however, from 2021 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 the United States ($X per cubic meter), while the price for Malaysia ($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 Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare gases (excluding argon) in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and Russia, together accounting for 55% of global consumption.

What are the largest producers of rare gases (excluding argon) in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Russia, together accounting for 55% of global production.

What are the leading suppliers of rare gases (excluding argon) to the Philippines?

In value terms, Singapore constituted the largest supplier of rare gases excluding argon) to the Philippines, comprising 48% of total imports. The second position in the ranking was held by China, with a 24% share of total imports. It was followed by the United States, with a 7.8% share.

What are the leading importers of rare gases (excluding argon) from the Philippines?

In value terms, Japan remains the key foreign market for rare gases excluding argon) exports from the Philippines.

What is the average export price for rare gases (excluding argon) in the Philippines?

The average rare gases export price stood at $0.9 per cubic meter in 2022, jumping by 76% against the previous year.

What is the average import price for rare gases (excluding argon) in the Philippines?

In 2022, the average rare gases import price amounted to $7.8 per cubic meter, reducing by -10.8% against the previous year.

This report provides an in-depth analysis of the rare gases market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111130 - Rare gases (excluding argon)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023