Slovakia: Argon Market 2024

Argon Market Size in Slovakia

The Slovak argon market fell significantly to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Argon Exports

Exports from Slovakia

In 2022, approx. X cubic meters of argon were exported from Slovakia; jumping by X% against the previous year. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X cubic meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, argon exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X cubic meters) was the main destination for argon exports from Slovakia, accounting for a X% share of total exports. Moreover, argon exports to Italy exceeded the volume sent to the second major destination, Hungary (X cubic meters), more than tenfold. The third position in this ranking was held by Austria (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Austria (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for argon exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with an X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average argon export price amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per cubic meter) and Italy ($X per cubic meter), while the average price for exports to Austria ($X per cubic meter) and Poland ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Argon Imports

Imports into Slovakia

In 2022, after two years of decline, there was significant growth in overseas purchases of argon, when their volume increased by X% to X cubic meters. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, argon imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the Czech Republic (X cubic meters) constituted the largest argon supplier to Slovakia, with a X% share of total imports. Moreover, argon imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), sixfold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

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

In value terms, the Czech Republic ($X) constituted the largest supplier of argon to Slovakia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

The average argon import price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per cubic meter, and then reduced in the following year.

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 Hungary ($X per cubic meter), while the price for Poland ($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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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