United Arab Emirates: Rare Gases Market 2024

Rare Gases Market Size in the United Arab Emirates

The rare gases market in the United Arab Emirates totaled $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a tangible 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. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in the United Arab Emirates

In value terms, rare gases production rose sharply to $X in 2022 estimated in export price. Overall, production showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Rare gases production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of rare gases (excluding argon) were finally on the rise to reach X cubic meters after four years of decline. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports soared to $X in 2022. Over the period under review, exports showed a prominent expansion. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X cubic meters), Saudi Arabia (X cubic meters) and Kuwait (X cubic meters) were the main destinations of rare gases exports from the United Arab Emirates, together accounting for X% of total exports. Nigeria, China, Afghanistan, Taiwan (Chinese), Japan, Iran, Iraq, Vietnam, India and Qatar lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for rare gases exported from the United Arab Emirates were China ($X), Saudi Arabia ($X) and Iran ($X), together accounting for X% of total exports. Kuwait, Japan, India, Iraq, Taiwan (Chinese), Oman, Nigeria, Qatar, Afghanistan and Vietnam lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, declining by X% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Oman ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into the United Arab Emirates

Rare gases imports into the United Arab Emirates skyrocketed to X cubic meters in 2022, rising by X% against the previous year. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports surged to $X in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Qatar (X cubic meters) constituted the largest rare gases supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, rare gases imports from Qatar exceeded the figures recorded by the second-largest supplier, Algeria (X cubic meters), tenfold. The third position in this ranking was held by the United States (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Qatar was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (X% per year) and the United States (X% per year).

In value terms, Qatar ($X) constituted the largest supplier of rare gases (excluding argon) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Qatar was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, declining by X% against the previous year. In general, the import price, however, recorded notable growth. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for India ($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 India (X%).

Source: IndexBox Platform

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