Argon Market Overview in Italy
In value terms, argon production shrank to $ in 2019 estimated in export prices. In general, production saw a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The revenue of the argon market in Italy stood at $ in 2019, surging by % 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). Over the period under review, consumption, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.