Iran: Rare Gases Market 2024

Rare Gases Exports

Exports from Iran

In 2022, shipments abroad of rare gases (excluding argon) decreased by -20.4% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 1,419% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then reduced dramatically in the following year.

In value terms, rare gases exports fell rapidly to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 2,148% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Azerbaijan (X cubic meters) was the main destination for rare gases exports from Iran, with a 63% share of total exports. Moreover, rare gases exports to Azerbaijan exceeded the volume sent to the second major destination, Iraq (X cubic meters), fourfold. Qatar (X cubic meters) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan amounted to +117.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+106.1% per year) and Qatar (-5.3% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for rare gases (excluding argon) exports from Iran, comprising 74% of total exports. The second position in the ranking was taken by Iraq ($X), with an 18% share of total exports. It was followed by Qatar, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan amounted to +109.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+79.8% per year) and Qatar (-15.3% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, approximately mirroring the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 48%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per cubic meter), while the average price for exports to Qatar ($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 Azerbaijan (-2.4%), while the prices for the other major destinations experienced a decline.

Rare Gases Imports

Imports into Iran

After two years of decline, supplies from abroad of rare gases (excluding argon) increased by 27% to X cubic meters in 2022. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 54% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports rose to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -13.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X cubic meters), Switzerland (X cubic meters) and Singapore (X cubic meters) were the main suppliers of rare gases imports to Iran, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +114.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rare gases (excluding argon) to Iran, comprising 66% of total imports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+17.4% per year) and Turkey (+29.9% per year).

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, shrinking by -18.9% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Turkey ($X per cubic meter), while the price for Switzerland ($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 Turkey (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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