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SADC - Argon - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSADC: Argon Market 2024
Argon Market Size in SADC
For the third year in a row, the SADC argon market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated prominent growth 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.
Argon Production in SADC
In value terms, argon production surged to $X in 2023 estimated in export price. The total production indicated a prominent expansion 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs in 2023 and is likely to continue growth in years to come.
Argon Exports
Exports in SADC
Argon exports contracted significantly to X cubic meters in 2023, with a decrease of X% on the previous year's figure. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
In value terms, argon exports rose significantly to $X in 2023. In general, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
South Africa prevails in exports structure, finishing at X cubic meters, which was near X% of total exports in 2023. The following exporters - Zambia (X cubic meters) and Tanzania (X cubic meters) - each reached a X% share of total exports.
From 2012 to 2023, average annual rates of growth with regard to argon exports from South Africa stood at X%. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Zambia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Zambia (X p.p.) displayed negative dynamics.
In value terms, South Africa ($X) remains the largest argon supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.
In South Africa, argon exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Tanzania (X% per year).
Export Prices by Country
In 2023, the export price in SADC amounted to $X per cubic meter, jumping by X% against the previous year. Export price indicated a prominent increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, argon export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per cubic meter), while South Africa ($X per thousand cubic meters) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.
Argon Imports
Imports in SADC
In 2023, the amount of argon imported in SADC was estimated at X cubic meters, surging by X% on 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.
In value terms, argon imports reached $X in 2023. Total imports indicated a mild 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 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.
Imports by Country
Angola prevails in imports structure, recording X cubic meters, which was approx. X% of total imports in 2023. Mozambique (X cubic meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Madagascar (X%), Tanzania (X%), Democratic Republic of the Congo (X%) and Zambia (X%). Namibia (X cubic meters) held a relatively small share of total imports.
From 2012 to 2023, average annual rates of growth with regard to argon imports into Angola stood at X%. At the same time, Mozambique (X%), Tanzania (X%), Madagascar (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Zambia (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Angola, Mozambique, Madagascar, Tanzania and Namibia increased by X, X, X, X and X percentage points, respectively.
In value terms, Angola ($X) constitutes the largest market for imported argon in SADC, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Mozambique, with an X% share.
In Angola, argon imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (X% per year) and Mozambique (X% per year).
Import Prices by Country
The import price in SADC stood at $X per cubic meter in 2023, shrinking by X% against the previous year. Overall, the import price, however, showed a measured increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per cubic meter in 2022, and then dropped in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per cubic meter), while Angola ($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 Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the argon market in SADC. 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:
- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in SADC, split by region and country
- Trade (exports and imports) in SADC
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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