Austria: Rare Gases Market 2024

Rare Gases Market Size in Austria

The Austrian rare gases market soared to $X in 2022, rising by 27% against the previous year. In general, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Rare Gases Production in Austria

In value terms, rare gases production soared to $X in 2022 estimated in export price. In general, production posted significant growth. The growth pace was the most rapid in 2020 when the production volume increased by 2,354% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Rare Gases Exports

Exports from Austria

Rare gases exports from Austria skyrocketed to X cubic meters in 2022, surging by 52% on the previous year. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 136%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, rare gases exports skyrocketed to $X in 2022. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X cubic meters), Poland (X cubic meters) and the Czech Republic (X cubic meters) were the main destinations of rare gases exports from Austria, with a combined 66% share of total exports. Romania, Slovakia, Hungary, Slovenia, South Korea, Latvia, Ukraine, Switzerland, Spain and Serbia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +209.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) constituted the largest markets for rare gases exported from Austria worldwide, together comprising 38% of total exports. Germany, South Korea, Hungary, Slovakia, Slovenia, Switzerland, Latvia, Ukraine, Serbia and Spain lagged somewhat behind, together comprising a further 46%.

South Korea, with a CAGR of +159.3%, recorded the highest growth rate of 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, increasing by 6.4% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 31%. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to Germany ($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 Ukraine (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Austria

In 2022, the amount of rare gases (excluding argon) imported into Austria soared to X cubic meters, picking up by 40% compared with the previous year. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports skyrocketed to $X in 2022. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest rare gases supplier to Austria, accounting for a 68% share of total imports. Moreover, rare gases imports from Germany exceeded the figures recorded by the second-largest supplier, Algeria (X cubic meters), fivefold. France (X cubic meters) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (+13.6% per year) and France (-1.8% per year).

In value terms, Germany ($X), Algeria ($X) and France ($X) were the largest rare gases suppliers to Austria, with a combined 75% share of total imports.

Algeria, with a CAGR of +26.0%, recorded 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 rare gases import price amounted to $X per cubic meter, dropping by -11.4% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 46% against the previous year. The import price peaked at $X per cubic meter in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Germany ($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 Italy (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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