Germany: Rare Gases Market 2024

Rare Gases Market Size in Germany

The German rare gases market rose notably to $X in 2022, picking up by 7.6% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in Germany

In value terms, rare gases production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.4% 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 -2.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Rare Gases Exports

Exports from Germany

After seven years of growth, shipments abroad of rare gases (excluding argon) decreased by -14.9% to X cubic meters in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 23%. The exports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, rare gases exports expanded sharply to $X in 2022. Overall, exports, however, recorded resilient growth. The growth pace was the most rapid in 2020 when exports increased by 40%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X cubic meters), Austria (X cubic meters) and the United States (X cubic meters) were the main destinations of rare gases exports from Germany, together comprising 51% 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 the United States (with a CAGR of +24.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Austria ($X) were the largest markets for rare gases exported from Germany worldwide, together accounting for 35% of total exports.

Among the main countries of destination, the United States, with a CAGR of +24.3%, recorded 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 rare gases export price amounted to $X per cubic meter, jumping by 27% against the previous year. Overall, export price indicated a prominent increase 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 export price increased by +111.7% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Slovakia ($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 the Czech Republic (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Germany

Rare gases imports into Germany expanded sharply to X cubic meters in 2022, picking up by 6.1% on the year before. In general, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 34% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rare gases imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X cubic meters), Algeria (X cubic meters) and the United States (X cubic meters) were the main suppliers of rare gases imports to Germany, together comprising 60% of total imports. Qatar, the Netherlands, Italy, Ukraine, Poland, Russia and France lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rare gases suppliers to Germany were Algeria ($X), the United States ($X) and Qatar ($X), together comprising 64% of total imports.

Qatar, with a CAGR of +31.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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, picking up by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2019 an increase of 31%. The import price peaked at $X per cubic meter in 2014; however, from 2015 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 Poland ($X per cubic meter), while the price for Italy ($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 (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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