Czech Republic: Rare Gases Market 2024

Rare Gases Market Size in the Czech Republic

For the third year in a row, the Czech rare gases market recorded decline in sales value, which decreased by -27.1% to $X in 2022. Over the period under review, consumption saw a slight contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Rare Gases Production in the Czech Republic

In value terms, rare gases production stood at $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 44%. Rare gases production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from the Czech Republic

In 2022, rare gases exports from the Czech Republic soared to X cubic meters, jumping by 70% against the previous year. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 111%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, rare gases exports rose significantly to $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X cubic meters), Slovakia (X cubic meters) and Poland (X cubic meters) were the main destinations of rare gases exports from the Czech Republic, with a combined 98% share of total exports.

From 2012 to 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 +32.0%), while the other leaders experienced mixed trend patterns.

In value terms, Slovakia ($X) remains the key foreign market for rare gases (excluding argon) exports from the Czech Republic, comprising 59% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.3% per year) and Poland (-31.1% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, declining by -36.3% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Poland ($X per cubic meter), while the average price for exports to Germany ($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 Poland (+9.2%), while the prices for the other major destinations experienced a decline.

Rare Gases Imports

Imports into the Czech Republic

In 2022, after two years of decline, there was significant growth in purchases abroad of rare gases (excluding argon), when their volume increased by 33% to X cubic meters. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 55%. Over the period under review, imports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, rare gases imports rose markedly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 66% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X cubic meters), the Netherlands (X cubic meters) and Poland (X cubic meters) were the main suppliers of rare gases imports to the Czech Republic, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +126.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rare gases suppliers to the Czech Republic were Germany ($X), Hungary ($X) and Austria ($X), together accounting for 71% of total imports. Poland, Italy, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Slovakia, with a CAGR of +55.2%, recorded the highest growth rate of 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

The average rare gases import price stood at $X per cubic meter in 2022, waning by -17.6% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 increased by +66.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $X per cubic meter, and then fell notably 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 ($X per cubic meter), while the price for Slovakia ($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 Germany (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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