Colombia: Rare Gases Market 2025

Rare Gases Exports

Exports from Colombia

In 2022, the amount of rare gases (excluding argon) exported from Colombia rose to X cubic meters, with an increase of 3.2% against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 110% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, rare gases exports soared to $X in 2022. Overall, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 128% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Curacao (X cubic meters) was the main destination for rare gases exports from Colombia, accounting for a 85% share of total exports. Moreover, rare gases exports to Curacao exceeded the volume sent to the second major destination, the United States (X cubic meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Curacao was relatively modest.

In value terms, the largest markets for rare gases exported from Colombia were the United States ($X) and Curacao ($X).

Among the main countries of destination, Curacao, with a CAGR of -2.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, picking up by 19% against the previous year. In general, the export price showed a notable expansion. The growth pace was the most rapid in 2017 an increase of 54%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 the United States ($X per cubic meter), while the average price for exports to Curacao totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Colombia

In 2022, imports of rare gases (excluding argon) into Colombia fell to X cubic meters, reducing by -12.8% against the previous year's figure. Over the period under review, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2017 with an increase of 53%. Over the period under review, imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rare gases imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 28%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) was the main supplier of rare gases to Colombia, with a 95% share of total imports. It was followed by France (X cubic meters), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -3.6%.

In value terms, the United States ($X) constituted the largest supplier of rare gases (excluding argon) to Colombia, comprising 84% of total imports. The second position in the ranking was taken by France ($X), with a 9.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +1.5%.

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, rising by 14% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rare gases import price decreased by -14.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 82%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 France ($X per cubic meter), while the price for the United States amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.6%).

Source: IndexBox Platform

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