Report Update Nov 1, 2024

Saudi Arabia - Argon - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Argon Market 2024

Argon Market Size in Saudi Arabia

The Saudi argon market declined modestly to $X in 2022, reducing by -3.4% against the previous year. Over the period under review, consumption, however, continues to indicate pronounced growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Argon Production in Saudi Arabia

In value terms, argon production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate tangible growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 105% against the previous year. Argon production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Argon Exports

Exports from Saudi Arabia

In 2022, the amount of argon exported from Saudi Arabia reached X cubic meters, picking up by 5.2% compared with the year before. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 524%. Over the period under review, the exports reached the peak figure at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, argon exports reached $X in 2022. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 329% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for argon exports from Saudi Arabia, with a 96% share of total exports. It was followed by Jordan (X cubic meters), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +36.3%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for argon exports from Saudi Arabia, comprising 95% of total exports. The second position in the ranking was taken by Jordan ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +25.8%.

Export Prices by Country

The average argon export price stood at $X per cubic meter in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 9.4%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per cubic meter), while the average price for exports to the United Arab Emirates totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-7.0%).

Argon Imports

Imports into Saudi Arabia

In 2019, after four years of decline, there was significant decline in overseas purchases of argon, when their volume decreased by -51.3% to X cubic meters. Overall, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of 139% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, argon imports dropped notably to $X in 2019. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by 112%. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Kuwait (X cubic meters) was the main supplier of argon to Saudi Arabia, accounting for a approx. 266% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Kuwait totaled +12.3%.

In value terms, Kuwait ($X) constituted the largest supplier of argon to Saudi Arabia.

From 2012 to 2019, the average annual rate of growth in terms of value from Kuwait amounted to -6.0%.

Import Prices by Country

The average argon import price stood at $X per cubic meter in 2019, standing approx. at the previous year. In general, the import price showed a noticeable downturn. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2019, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Kuwait.

From 2012 to 2019, the rate of growth in terms of prices for Kuwait amounted to -2.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for argon in the world?

The countries with the highest volumes of argon consumption in 2021 were the United States, China and India, together comprising 55% of global consumption. Brazil, Poland, Japan, Germany, Iran, the UK and Russia lagged somewhat behind, together comprising a further 16%.

What are the largest producers of argon in the world?

The countries with the highest volumes of argon production in 2021 were the United States, China and India, together accounting for 56% of global production. Brazil, Germany, Poland, Japan, Iran, the Netherlands and the UK lagged somewhat behind, together accounting for a further 17%.

What are the leading suppliers of argon to Saudi Arabia?

In value terms, Kuwait constituted the largest supplier of argon to Saudi Arabia.

What are the leading importers of argon from Saudi Arabia?

In value terms, the United Arab Emirates remains the key foreign market for argon exports from Saudi Arabia, comprising 87% of total exports. The second position in the ranking was occupied by Pakistan, with an 8.7% share of total exports.

What is the average export price for argon in Saudi Arabia?

The average argon export price stood at $0.5 per cubic meter in 2021, falling by -8.2% against the previous year.

What is the average import price for argon in Saudi Arabia?

The average argon import price stood at $0.7 per cubic meter in 2019, approximately mirroring the previous year.

This report provides an in-depth analysis of the argon market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111120 - Argon

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023