United Arab Emirates: Rare Gases Market 2024

Rare Gases Market Size in the United Arab Emirates

The rare gases market in the United Arab Emirates reduced to $X in 2022, which is down by -14.1% against the previous year. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Rare Gases Production in the United Arab Emirates

In value terms, rare gases production amounted to $X in 2022 estimated in export price. In general, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 95% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from the United Arab Emirates

Rare gases exports from the United Arab Emirates soared to X cubic meters in 2022, picking up by 262% against the previous year's figure. Over the period under review, exports enjoyed a strong expansion. Over the period under review, the exports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, rare gases exports skyrocketed to $X in 2022. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 92%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters), Australia (X cubic meters) and South Africa (X cubic meters) were the main destinations of rare gases exports from the United Arab Emirates, together accounting for 54% of total exports. Spain, the UK, India and Hong Kong SAR lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +777.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for rare gases (excluding argon) exports from the United Arab Emirates, comprising 34% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+62.7% per year) and the UK (-2.7% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, reducing by -48.8% against the previous year. Over the period under review, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2019 an increase of 59% against the previous year. The export price peaked at $X per cubic meter in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to Australia ($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 Kuwait (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into the United Arab Emirates

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into the United Arab Emirates; increasing by 24% on the previous year. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports declined slightly to $X in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 86% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, India (X cubic meters) constituted the largest supplier of rare gases to the United Arab Emirates, accounting for a 58% share of total imports. Moreover, rare gases imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X cubic meters), threefold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.6% per year) and the United States (-15.6% per year).

In value terms, India ($X), the Netherlands ($X) and the United States ($X) were the largest rare gases suppliers to the United Arab Emirates, with a combined 63% share of total imports.

The Netherlands, with a CAGR of +40.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, waning by -20.3% against the previous year. In general, the import price, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 an increase of 100%. As a result, import price reached the peak level of $X per cubic meter. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for India ($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 India (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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