Portugal: Argon Market 2024

Argon Market Size in Portugal

The Portuguese argon market expanded modestly to $X in 2022, increasing 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 throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Argon Production in Portugal

In value terms, argon production surged to $X in 2022 estimated in export price. Overall, the total production indicated a modest 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Argon Exports

Exports from Portugal

For the third consecutive year, Portugal recorded growth in overseas shipments of argon, which increased by X% to X cubic meters in 2022. Overall, total exports indicated a resilient 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X cubic meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, argon exports contracted remarkably to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X cubic meters) was the main destination for argon exports from Portugal, accounting for a X% share of total exports. It was followed by Angola (X cubic meters), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%.

In value terms, Spain ($X) remains the key foreign market for argon exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to X%.

Export Prices by Country

In 2022, the average argon export price amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per cubic meter), while the average price for exports to Spain totaled $X per cubic meter.

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

Argon Imports

Imports into Portugal

In 2022, purchases abroad of argon increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, total imports indicated a resilient expansion 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 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, argon imports expanded markedly to $X in 2022. Over the period under review, total imports indicated a buoyant 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%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest supplier of argon to Portugal, accounting for a X% share of total imports. Moreover, argon imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X cubic meters), more than tenfold. The third position in this ranking was held by France (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of argon to Portugal, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($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 Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

The average argon import price stood at $X per cubic meter in 2022, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Spain ($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 France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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