United Kingdom: Rare Gases Market 2024

Rare Gases Market Size in the UK

In 2022, the UK rare gases market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a relatively flat trend pattern. Rare gases consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Rare Gases Production in the UK

In value terms, rare gases production totaled $X in 2022 estimated in export price. In general, production recorded a mild downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Rare gases production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from the UK

In 2022, overseas shipments of rare gases (excluding argon) increased by X% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a noticeable expansion. Over the period under review, the exports reached the peak figure at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, rare gases exports surged to $X in 2022. In general, exports, however, saw a abrupt descent. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters), Belgium (X cubic meters) and Ireland (X cubic meters) were the main destinations of rare gases exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (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 UK were Belgium ($X), Ireland ($X) and the United States ($X), together comprising X% of total exports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The average rare gases export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Rare Gases Imports

Imports into the UK

Rare gases imports into the UK surged to X cubic meters in 2022, with an increase of X% on the previous year's figure. Overall, imports, however, showed a slight slump. Over the period under review, imports attained the peak figure at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X cubic meters), Germany (X cubic meters) and Qatar (X cubic meters) were the main suppliers of rare gases imports to the UK, together accounting for X% of total imports. Portugal, Algeria, Canada, Poland and France lagged somewhat behind, together accounting for a further X%.

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

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

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

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the import price, however, enjoyed notable growth. The growth pace was the most rapid in 2016 when the average import price increased by 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 France ($X per cubic meter), while the price for Portugal ($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 Qatar (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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