Australia - Argon - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia: Argon Market 2024
Argon Market Size in Australia
The Australian argon market fell modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a slight shrinkage. Argon consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
Argon Production in Australia
In value terms, argon production shrank modestly to $X in 2022 estimated in export price. In general, production saw a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.
Argon Exports
Exports from Australia
In 2022, the amount of argon exported from Australia skyrocketed to X cubic meters, growing by X% against the year before. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, argon exports surged to $X in 2022. In general, exports, however, continue to indicate a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.
Exports by Country
New Zealand (X cubic meters) was the main destination for argon exports from Australia, accounting for a X% share of total exports. Moreover, argon exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X cubic meters), ninefold. Papua New Guinea (X cubic meters) ranked third in terms of total exports with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Papua New Guinea (X% per year).
In value terms, New Zealand ($X) remains the key foreign market for argon exports from Australia, comprising X% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.
From 2012 to 2022, the average annual growth rate of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Papua New Guinea (X% per year).
Export Prices by Country
In 2022, the average argon export price amounted to $X per cubic meter, growing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per cubic meter), while the average price for exports to New Caledonia ($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 Fiji (X%), while the prices for the other major destinations experienced mixed trend patterns.
Argon Imports
Imports into Australia
In 2022, after three years of growth, there was significant decline in supplies from abroad of argon, when their volume decreased by X% to X cubic meters. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X cubic meters, and then dropped sharply in the following year.
In value terms, argon imports surged to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.
Imports by Country
In 2022, Singapore (X cubic meters) constituted the largest supplier of argon to Australia, with a X% share of total imports. Moreover, argon imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fourfold. The third position in this ranking was taken by Malaysia (X cubic meters), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).
In value terms, Singapore ($X), China ($X) and Malaysia ($X) appeared to be the largest argon suppliers to Australia, together comprising X% of total imports.
China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average argon import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Singapore ($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 Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the argon market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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