Brazil - Argon - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil: Argon Market 2024
Argon Market Size in Brazil
The Brazilian argon market contracted slightly to $X in 2022, shrinking by -4.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.
Argon Production in Brazil
In value terms, argon production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 30%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.
Argon Exports
Exports from Brazil
In 2022, approx. X cubic meters of argon were exported from Brazil; surging by 213% against 2021 figures. Over the period under review, exports saw noticeable growth. The pace of growth appeared the most rapid in 2015 with an increase of 620% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, argon exports skyrocketed to $X in 2022. In general, exports saw a mild expansion. The pace of growth was the most pronounced in 2015 when exports increased by 765%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Exports by Country
Argentina (X cubic meters) was the main destination for argon exports from Brazil, accounting for a 67% share of total exports. Moreover, argon exports to Argentina exceeded the volume sent to the second major destination, Chile (X cubic meters), fivefold. The third position in this ranking was taken by Paraguay (X cubic meters), with a 9.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.4% per year) and Paraguay (+9.7% per year).
In value terms, Argentina ($X) emerged as the key foreign market for argon exports from Brazil, comprising 58% of total exports. The second position in the ranking was taken by Chile ($X), with an 18% share of total exports. It was followed by Paraguay, with a 13% share.
From 2012 to 2022, the average annual growth rate of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+4.8% per year) and Paraguay (+14.9% per year).
Export Prices by Country
In 2022, the average argon export price amounted to $X per cubic meter, growing by 16% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 31% against the previous year. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while the average price for exports to Bolivia ($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 Paraguay (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Imports
Imports into Brazil
In 2022, supplies from abroad of argon increased by 116% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 1,952% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.
In value terms, argon imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 2,025% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Singapore (X cubic meters) constituted the largest argon supplier to Brazil, with a 65% share of total imports. Moreover, argon imports from Singapore exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), fourfold. The third position in this ranking was taken by Belgium (X cubic meters), with a 12% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.5% per year) and Belgium (+88.9% per year).
In value terms, Singapore ($X), Austria ($X) and Belgium ($X) constituted the largest argon suppliers to Brazil, with a combined 85% share of total imports. These countries were followed by the United States and Italy, which together accounted for a further 14%.
Among the main suppliers, Italy, with a CAGR of +383.5%, recorded the highest rates of growth with regard to the value of imports, 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, remaining stable against the previous year. In general, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 331% against the previous year. As a result, import price reached the peak level of $X per cubic meter, leveling off in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Singapore ($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 Austria (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the argon market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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