Russian Federation: Rare Gases Market 2024

Rare Gases Market Size in the Russian Federation

The Russian rare gases market was estimated at $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption 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, consumption decreased by X% against 2020 indices. Rare gases consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Rare Gases Production in the Russian Federation

In value terms, rare gases production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Rare Gases Exports

Exports from the Russian Federation

In 2022, shipments abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, rare gases exports soared to $X in 2022. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

China (X cubic meters), Kazakhstan (X cubic meters) and Singapore (X cubic meters) were the main destinations of rare gases exports from Russia, with a combined X% share of total exports. South Korea, Turkey, Hong Kong SAR, Ukraine, Germany and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Turkey ($X) were the largest markets for rare gases exported from Russia worldwide, together comprising X% of total exports. Kazakhstan, Singapore, Hong Kong SAR, Ukraine, Germany and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, growing by X% against the previous year. In general, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 South Korea ($X per cubic meter), while the average price for exports to Kazakhstan ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas purchases of rare gases (excluding argon), when their volume decreased by X% to X cubic meters. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X cubic meters, and then declined markedly in the following year.

In value terms, rare gases imports shrank significantly to $X in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, Poland (X cubic meters) constituted the largest supplier of rare gases to Russia, with a X% share of total imports. Moreover, rare gases imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), fourfold. The United States (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, the largest rare gases suppliers to Russia were Poland ($X), China ($X) and Germany ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, falling by X% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. 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 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 China ($X per cubic meter), while the price for Germany ($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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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