South-Eastern Asia: Rare Gases Market 2024

Rare Gases Market Size in South-Eastern Asia

The Southeast Asian rare gases market expanded slightly to $X in 2022, picking up by X% against the previous year. Overall, consumption saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Rare Gases Production in South-Eastern Asia

In value terms, rare gases production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Rare Gases Exports

Exports in South-Eastern Asia

Rare gases exports surged to X cubic meters in 2022, rising by X% on 2021. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports skyrocketed to $X in 2022. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines represented the major exporting country with an export of around X cubic meters, which finished at X% of total exports. It was distantly followed by Singapore (X cubic meters), achieving a X% share of total exports. The following exporters - Indonesia (X cubic meters) and Malaysia (X cubic meters) - together made up X% of total exports.

The Philippines was also the fastest-growing in terms of the rare gases (excluding argon) exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. The Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest rare gases supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

In Singapore, rare gases exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per cubic meter in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per cubic meter), while the Philippines ($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 Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Rare Gases Imports

Imports in South-Eastern Asia

After three years of growth, supplies from abroad of rare gases (excluding argon) decreased by X% to X cubic meters in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2021, and then fell in the following year.

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

Imports by Country

In 2022, Indonesia (X cubic meters) and the Philippines (X cubic meters) were the main importers of rare gases (excluding argon) in South-Eastern Asia, together recording approx. X% of total imports. Singapore (X cubic meters) took the next position in the ranking, distantly followed by Thailand (X cubic meters). All these countries together held near X% share of total imports. Malaysia (X cubic meters) followed a long way behind the leaders.

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

In value terms, Singapore ($X) constitutes the largest market for imported rare gases (excluding argon) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, rare gases imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per cubic meter in 2022, rising by X% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per cubic meter), while Indonesia ($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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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