MERCOSUR: Rare Gases Market 2024

Rare Gases Exports

Exports in MERCOSUR

Rare gases exports fell to X cubic meters in 2023, which is down by X% compared with the previous year's figure. Overall, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, rare gases exports surged to $X in 2023. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

In 2023, Brazil (X cubic meters), distantly followed by Chile (X cubic meters), Peru (X cubic meters) and Colombia (X cubic meters) represented the major exporters of rare gases (excluding argon), together mixing up X% of total exports. Venezuela (X cubic meters) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per cubic meter in 2023, increasing by X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per cubic meter), while Peru ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Rare Gases Imports

Imports in MERCOSUR

Rare gases imports rose markedly to X cubic meters in 2023, surging by X% against the year before. Overall, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, rare gases imports surged to $X in 2023. Total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the key importer of rare gases (excluding argon) in MERCOSUR, with the volume of imports recording X cubic meters, which was near X% of total imports in 2023. Ecuador (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Argentina (X%), Guyana (X%), Peru (X%), Chile (X%) and Colombia (X%).

From 2012 to 2023, average annual rates of growth with regard to rare gases imports into Brazil stood at X%. At the same time, Guyana (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Peru (X%), Chile (X%), Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. Guyana (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Brazil saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported rare gases (excluding argon) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per cubic meter), while Guyana ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform