Italy: Rare Gases Market 2024

Rare Gases Market Size in Italy

The Italian rare gases market expanded sharply to $X in 2022, increasing by 8.3% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Rare Gases Production in Italy

In value terms, rare gases production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 45% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Rare Gases Exports

Exports from Italy

In 2022, overseas shipments of rare gases (excluding argon) decreased by -6.3% to X cubic meters, falling for the second year in a row after nine years of growth. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 50%. The exports peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, rare gases exports reduced to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 34%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

France (X cubic meters) was the main destination for rare gases exports from Italy, with a 41% share of total exports. Moreover, rare gases exports to France exceeded the volume sent to the second major destination, Slovenia (X cubic meters), fourfold. Greece (X cubic meters) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+32.2% per year) and Greece (+20.9% per year).

In value terms, the largest markets for rare gases exported from Italy were Greece ($X), the Czech Republic ($X) and Germany ($X), together accounting for 41% of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +24.0%, saw the highest rates of growth with regard to 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

The average rare gases export price stood at $X per cubic meter in 2022, with a decrease of -3.2% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per cubic meter), while the average price for exports to France ($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 Qatar (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Italy

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Italy; growing by 3.7% against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, rare gases imports soared to $X in 2022. The total import value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X cubic meters), France (X cubic meters) and North Macedonia (X cubic meters) were the main suppliers of rare gases imports to Italy, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +286,048.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rare gases suppliers to Italy were France ($X), Algeria ($X) and Qatar ($X), with a combined 65% share of total imports. These countries were followed by Poland, the United States, Germany, Belgium and North Macedonia, which together accounted for a further 29%.

Among the main suppliers, North Macedonia, with a CAGR of +1,364.0%, saw 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

In 2022, the average rare gases import price amounted to $X per cubic meter, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44% against the previous year. The import price peaked at $X per cubic meter in 2015; however, from 2016 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 Poland ($X per cubic meter), while the price for North Macedonia ($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 Belgium (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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