Ukraine: Rare Gases Market 2024

Rare Gases Market Size in Ukraine

In 2022, the Ukrainian rare gases market decreased by -8.8% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, continues to indicate a buoyant increase. 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 Ukraine

In value terms, rare gases production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 with an increase of 191% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Rare Gases Exports

Exports from Ukraine

In 2022, overseas shipments of rare gases (excluding argon) increased by 14% to X cubic meters, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 107% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, rare gases exports soared to $X in 2022. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 121%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X cubic meters), South Korea (X cubic meters) and Hong Kong SAR (X cubic meters) were the main destinations of rare gases exports from Ukraine, with a combined 78% share of total exports. These countries were followed by Japan, Germany, Taiwan (Chinese), China, Austria and France, which together accounted for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +51.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest markets for rare gases exported from Ukraine worldwide, together comprising 76% of total exports.

South Korea, with a CAGR of +62.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, increasing by 6.7% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 33%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Hong Kong SAR ($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 Japan (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Ukraine

Rare gases imports into Ukraine fell notably to X cubic meters in 2022, declining by -31.7% compared with the previous year. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 138%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, rare gases imports surged to $X in 2022. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2013 with an increase of 129% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X cubic meters), Poland (X cubic meters) and Russia (X cubic meters) were the main suppliers of rare gases imports to Ukraine, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +707.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of rare gases (excluding argon) to Ukraine, comprising 50% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Russia, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +735.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+22.3% per year) and Russia (-2.1% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, surging by 83% against the previous year. In general, the import price showed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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