Argon Market Overview in the European Union
In value terms, argon production reduced slightly to $ in 2019 estimated in export prices. Over the period under review, production showed a pronounced descent. The growth pace was the most rapid in 2014 with an increase of % y-o-y. The level of production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The countries with the highest volumes of argon production in 2019 were Germany ( cubic meters), the Netherlands ( cubic meters) and Belgium ( cubic meters), together accounting for % of total production. Spain, Poland, the Czech Republic, Finland, Italy and France lagged somewhat behind, together accounting for a further %.
From 2007 to 2019, the most notable rate of growth in terms of argon production, amongst the key producing countries, was attained by the Czech Republic, while argon production for the other leaders experienced more modest paces of growth.
The size of the argon market in the European Union reached $ in 2019, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. The level of consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
In Germany, argon consumption remained relatively stable over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: the Netherlands (+% per year) and Poland (+% per year).
In value terms, Germany ($), Spain ($) and Italy ($) constituted the countries with the highest levels of market value in 2019, together comprising % of the total market. These countries were followed by Poland, the Czech Republic, Finland, France, the Netherlands and Belgium, which together accounted for a further %.
In terms of the main consuming countries, the Czech Republic saw the highest rates of growth with regard to market size, over the period under review, while argon market for the other leaders experienced mixed trends in the market figures.
The countries with the highest levels of argon per capita consumption in 2019 were Finland ( cubic meters per person), the Netherlands ( cubic meters per person) and the Czech Republic ( cubic meters per person).
From 2007 to 2019, the most notable rate of growth in terms of argon per capita consumption, amongst the key consuming countries, was attained by the Czech Republic, while argon per capita consumption for the other leaders experienced more modest paces of growth.