Slovakia: Rare Gases Market 2024

Rare Gases Market Size in Slovakia

The Slovak rare gases market skyrocketed to $X in 2023, increasing by X% 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, saw a buoyant increase. Rare gases consumption peaked in 2023 and is likely to see gradual growth in the near future.

Rare Gases Exports

Exports from Slovakia

In 2023, shipments abroad of rare gases (excluding argon) decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, rare gases exports fell significantly to $X in 2023. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Montenegro (X cubic meters) was the main destination for rare gases exports from Slovakia, accounting for a X% share of total exports. It was followed by Austria (X cubic meters), with a X% share of total exports. Hungary (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Montenegro totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Hungary (X% per year).

In value terms, Montenegro ($X) emerged as the key foreign market for rare gases (excluding argon) exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Montenegro amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2023, the average rare gases export price amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the export price showed a prominent increase. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per cubic meter), while the average price for exports to Hungary ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Slovakia

After two years of growth, purchases abroad of rare gases (excluding argon) decreased by X% to X cubic meters in 2023. Over the period under review, total imports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X cubic meters in 2022, and then contracted in the following year.

In value terms, rare gases imports expanded sharply to $X in 2023. In general, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in years to come.

Imports by Country

The Czech Republic (X cubic meters), Germany (X cubic meters) and Austria (X cubic meters) were the main suppliers of rare gases imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest rare gases suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Austria ($X), with a combined X% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average rare gases import price amounted to $X per cubic meter, picking up by X% against the previous year. In general, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Hungary ($X per cubic meter), while the price for Austria ($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 Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform