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Germany - Argon - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Germany - Argon - Market Analysis, Forecast, Size, Trends And Insights

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Feb 3, 2023

Germany's Argon Price Falls Notably to $605 per Thousand Cubic Meters, Fluctuating Wildly over 2022

Germany Argon Export Price in October 2022

In October 2022, the argon price stood at $605 per thousand cubic meters (FOB, Germany), waning by -8% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 22% m-o-m. Over the period under review, the average export prices hit record highs at $854 per thousand cubic meters in August 2022; however, from September 2022 to October 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In October 2022, the country with the highest price was Slovenia ($830 per thousand cubic meters), while the average price for exports to Norway ($400 per thousand cubic meters) was amongst the lowest.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Germany Argon Exports

Argon exports from Germany soared to 7.5M cubic meters in October 2022, growing by 91% compared with the previous month's figure. Overall, total exports indicated a measured expansion from January 2022 to October 2022: its volume increased at an average monthly rate of +4.2% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, exports increased by +90.7% against September 2022 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, argon exports surged to $4.5M (IndexBox estimates) in October 2022. In general, total exports indicated temperate growth from January 2022 to October 2022: its value increased at an average monthly rate of +4.5% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, exports increased by +75.5% against September 2022 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Germany Argon Exports by Country

Poland (2.7M cubic meters), Italy (1.6M cubic meters) and France (763K cubic meters) were the main destinations of argon exports from Germany, with a combined 67% share of total exports. Denmark, Hungary, the Netherlands, Switzerland, Slovenia, Norway, Austria, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 31%.

From January 2022 to October 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +76.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for argon exported from Germany were Poland ($1.5M), Italy ($1M) and France ($484K), with a combined 67% share of total exports. These countries were followed by Denmark, Slovenia, Hungary, the Netherlands, Switzerland, Austria, Slovakia, Norway and the Czech Republic, which together accounted for a further 29%.

In terms of the main countries of destination, Slovakia, with a CAGR of +81.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Argon Market Overview

One of the key factors driving the growth of the argon market in Europe is the increasing demand for argon from the welding and metal fabrication industry. Argon is used as a shielding gas in welding and metal fabrication processes to protect the weld area from contamination. The growing automotive industry in the region is also fuelling the demand for argon.

In Germany, the argon market is further driven by the growing demand from the food and beverage sector. Argon is used in food packaging applications to extend shelf life and prevent spoilage. The pharmaceutical sector is another major consumer of argon in Germany. Argon is used in drug manufacturing processes such as lyophilisation and freeze drying.

The German argon market is driven by the strong presence of leading manufacturers in the country, such as Linde and BASF. The availability of low-cost argon gas, coupled with the growing demand from end-use industries, such as welding and metal fabrication, is fuelling market growth. However, the volatile prices of raw materials are expected to challenge market growth over the forecast period.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the argon market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20111120 - Argon

Country coverage:

  • Germany

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Germany
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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