Switzerland: Argon Market 2024

Argon Market Size in Switzerland

The Swiss argon market shrank to $X in 2022, which is down by -7.2% against the previous year. Over the period under review, consumption recorded a perceptible descent. Argon consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Argon Production in Switzerland

In value terms, argon production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Argon production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Argon Exports

Exports from Switzerland

Argon exports from Switzerland soared to X cubic meters in 2022, picking up by 31% against the year before. In general, exports, however, saw a mild contraction. Over the period under review, the exports attained the maximum at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, argon exports soared to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 43%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X cubic meters) was the main destination for argon exports from Switzerland, accounting for a 70% share of total exports. Moreover, argon exports to Italy exceeded the volume sent to the second major destination, France (X cubic meters), twofold.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at -4.9%.

In value terms, Italy ($X) and France ($X) were the largest markets for argon exported from Switzerland worldwide.

France, with a CAGR of +31.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average argon export price amounted to $X per cubic meter, shrinking by -4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2016 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2021, and then declined in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Italy totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.2%).

Argon Imports

Imports into Switzerland

Argon imports into Switzerland reached X cubic meters in 2022, flattening at 2021. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Imports peaked at X cubic meters in 2019; afterwards, it flattened through to 2022.

In value terms, argon imports dropped significantly to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest argon supplier to Switzerland, accounting for a 86% share of total imports. Moreover, argon imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), more than tenfold. The third position in this ranking was taken by Poland (X cubic meters), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.2% per year) and Poland (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of argon to Switzerland, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with a 5.9% share of total imports. It was followed by Poland, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.0% per year) and Poland (0.0% per year).

Import Prices by Country

In 2022, the average argon import price amounted to $X per cubic meter, declining by -23.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, import price reached the peak level of $X per cubic meter, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Germany ($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 Germany (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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