France: Rare Gases Market 2024

Rare Gases Market Size in France

In 2022, the French rare gases market increased by 8.6% to $X, rising for the third year in a row after seven years of decline. Overall, consumption recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 8.8% against the previous year. Rare gases consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in France

In value terms, rare gases production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The growth pace was the most rapid in 2018 with an increase of 4.4% against the previous year. Rare gases production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Rare Gases Exports

Exports from France

In 2022, the amount of rare gases (excluding argon) exported from France fell markedly to X cubic meters, with a decrease of -25.2% compared with the previous year's figure. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 96% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rare gases exports declined to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 86%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X cubic meters), Italy (X cubic meters) and Spain (X cubic meters) were the main destinations of rare gases exports from France, together comprising 51% of total exports. These countries were followed by Poland, Belgium, Ireland, Hungary, Sweden, Turkey, Switzerland, Japan, Greece and South Korea, which together accounted for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +128.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rare gases exported from France were Germany ($X), Italy ($X) and South Korea ($X), with a combined 45% share of total exports. These countries were followed by Spain, Poland, Japan, Ireland, Belgium, Hungary, Sweden, Turkey, Greece and Switzerland, which together accounted for a further 48%.

Ireland, with a CAGR of +109.0%, saw the highest rates of growth with regard to the value of exports, among 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, surging by 20% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to Switzerland ($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 Germany (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into France

In 2022, imports of rare gases (excluding argon) into France fell notably to X cubic meters, with a decrease of -22.7% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports reached $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +67.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Algeria (X cubic meters), Germany (X cubic meters) and Portugal (X cubic meters) were the main suppliers of rare gases imports to France, with a combined 75% share of total imports. Austria, Belgium, Hong Kong SAR, the Netherlands, Qatar and the United States lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +94.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) constituted the largest supplier of rare gases (excluding argon) to France, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Algeria totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and Belgium (+16.2% per year).

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, growing by 33% against the previous year. In general, the import price saw a noticeable increase. Over the period under review, average import prices hit record highs at $X per cubic meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for the Netherlands ($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 the United States (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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