Turkey: Rare Gases Market 2024

Rare Gases Market Size in Turkey

The Turkish rare gases market contracted notably to $X in 2022, falling by -21.2% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -25.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in Turkey

In value terms, rare gases production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 35% against the previous year. Rare gases production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Rare Gases Exports

Exports from Turkey

In 2022, rare gases exports from Turkey soared to X cubic meters, rising by 1,123% against 2021 figures. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X cubic meters) was the main destination for rare gases exports from Turkey, with a 88% share of total exports. Moreover, rare gases exports to Ukraine exceeded the volume sent to the second major destination, Iraq (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to +1,412.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+45.7% per year) and Georgia (+37.5% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for rare gases (excluding argon) exports from Turkey, comprising 64% of total exports. The second position in the ranking was held by Iraq ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine amounted to +764.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+40.1% per year) and Georgia (+34.9% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, dropping by -57.4% against the previous year. In general, the export price saw a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 142% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per cubic meter), while the average price for exports to Ukraine ($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 Georgia (-1.9%), while the prices for the other major destinations experienced a decline.

Rare Gases Imports

Imports into Turkey

Rare gases imports into Turkey surged to X cubic meters in 2022, increasing by 39% against 2021 figures. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 -26.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 64%. As a result, imports reached the peak of X cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, rare gases imports surged to $X in 2022. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 94% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X cubic meters), Qatar (X cubic meters) and Russia (X cubic meters) were the main suppliers of rare gases imports to Turkey, together comprising 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +57.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Qatar ($X) and Germany ($X) constituted the largest rare gases suppliers to Turkey, together comprising 81% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +52.2%, saw the highest rates of growth with regard to 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, surging by 23% against the previous year. In general, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of 27%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 France (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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