Russian Federation: Rare Gases Market 2024

Rare Gases Market Size in the Russian Federation

The Russian rare gases market expanded remarkably to $X in 2022, picking up by 5.6% against the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Rare Gases Production in the Russian Federation

In value terms, rare gases production reached $X in 2022 estimated in export price. Overall, production continues to indicate strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 83% against the previous year. Rare gases production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from the Russian Federation

In 2022, shipments abroad of rare gases (excluding argon) decreased by -10.5% to X cubic meters, falling for the second consecutive year after four years of growth. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 38% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rare gases exports contracted to $X in 2022. In general, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X cubic meters), Ukraine (X cubic meters) and Kazakhstan (X cubic meters) were the main destinations of rare gases exports from Russia, with a combined 65% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rare gases exported from Russia were Hong Kong SAR ($X), Germany ($X) and South Korea ($X), with a combined 65% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +40.0%, 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, with a decrease of -4.4% against the previous year. In general, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 69% against the previous year. As a result, the export price reached the peak level of $X per cubic meter, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to Kazakhstan ($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 Cyprus (+56.7%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into the Russian Federation

After two years of growth, supplies from abroad of rare gases (excluding argon) decreased by -11.7% to X cubic meters in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 232%. Imports peaked at X cubic meters in 2021, and then contracted in the following year.

In value terms, rare gases imports dropped markedly to $X in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 206% against the previous year. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, Poland (X cubic meters) constituted the largest rare gases supplier to Russia, accounting for a 83% share of total imports. Moreover, rare gases imports from Poland exceeded the figures recorded by the second-largest supplier, China (X cubic meters), tenfold. Ukraine (X cubic meters) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +141.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+72.0% per year) and Ukraine (+30.9% per year).

In value terms, Poland ($X), China ($X) and Germany ($X) constituted the largest rare gases suppliers to Russia, together comprising 86% of total imports.

Among the main suppliers, Poland, with a CAGR of +120.2%, recorded 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

The average rare gases import price stood at $X per cubic meter in 2022, reducing by -15.1% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rare gases import price increased by +22.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. The import price peaked at $X per cubic meter in 2019; however, from 2020 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 Germany ($X per cubic meter), while the price for Poland ($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 Hong Kong SAR (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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