Sweden: Argon Market 2024

Argon Market Size in Sweden

For the fourth year in a row, the Swedish argon market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Argon consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Argon Production in Sweden

In value terms, argon production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Argon production peaked in 2022 and is expected to retain growth in years to come.

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Argon Exports

Exports from Sweden

Argon exports from Sweden declined significantly to X cubic meters in 2022, with a decrease of X% on the year before. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then reduced rapidly in the following year.

In value terms, argon exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X cubic meters), Finland (X cubic meters) and Denmark (X cubic meters) were the main destinations of argon exports from Sweden, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for argon exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2022, the average argon export price amounted to $X per cubic meter, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Iceland ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Argon Imports

Imports into Sweden

In 2022, purchases abroad of argon was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, argon imports dropped to $X in 2022. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Finland (X cubic meters), Norway (X cubic meters) and Denmark (X cubic meters) were the main suppliers of argon imports to Sweden, together accounting for X% of total imports.

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

In value terms, Finland ($X), Norway ($X) and Denmark ($X) appeared to be the largest argon suppliers to Sweden, together accounting for X% of total imports.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to 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 argon import price amounted to $X per cubic meter, declining by X% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2013; however, from 2014 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 ($X per cubic meter), while the price for Norway ($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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