Germany: Argon Market 2024

Argon Market Size in Germany

The German argon market reduced modestly to $X in 2022, waning by -2.6% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Argon Production in Germany

In value terms, argon production reduced to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Argon Exports

Exports from Germany

In 2022, the amount of argon exported from Germany shrank to X cubic meters, which is down by -12.5% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 16%. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, argon exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Italy (X cubic meters), Poland (X cubic meters) and France (X cubic meters) were the main destinations of argon exports from Germany, with a combined 62% share of total exports. Denmark, Switzerland, Belgium, Slovenia, Austria, the Netherlands, Hungary, the Czech Republic and Norway lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and France ($X) appeared to be the largest markets for argon exported from Germany worldwide, together comprising 64% of total exports. Slovenia, Denmark, Austria, Switzerland, Belgium, Hungary, the Czech Republic, the Netherlands and Norway lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Hungary, with a CAGR of +8.3%, saw the highest growth rate of the value of exports, 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 argon export price amounted to $X per cubic meter, with an increase of 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Slovenia ($X per cubic meter), while the average price for exports to Denmark ($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 Italy (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Argon Imports

Imports into Germany

Argon imports into Germany reached X cubic meters in 2022, increasing by 9.5% compared with 2021. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.6% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 20%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, argon imports surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 22%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Austria (X cubic meters), Belgium (X cubic meters) and Poland (X cubic meters) were the main suppliers of argon imports to Germany, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +122.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Austria ($X) and Poland ($X) were the largest argon suppliers to Germany, together comprising 75% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +128.0%, 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, rising by 9.4% against the previous year. Over the period under review, the import price, however, saw a slight decline. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for the Czech Republic ($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 Poland (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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