Argon Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Argon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Argon Price Trend for the Second Half of 2022

Argon prices remained anchored during H2 2022. Q3 started with a rise while prices started stabilizing by the end of Q4. The third quarter witnessed problems with the production, transport, and storage of Argon which led to the incline in prices. But Q4 started with supply chain restoration and resumption of other industrial activities thereby, stabilizing the price trends. But the demand could not keep up, so the argon prices remained almost stagnant in the latter Q4 H2 2022.

Analyst Insight

According to Procurement Resource, the argon market is expected to rise in the coming future considering the increase in the demand from the downstream industries given the active rise in the applications of argon ranging from filament bulbs to scuba diving.

Argon Price Trend For the First Half of 2022

All the key players in the gaseous market have increased the prices for bulk industrial gases, including Argon. Presently, the prices for Argon have been hiked around 15%, including the charges for delivery, material handling and other miscellaneous services.

This price increase was in line with the increasing energy and labour costs owing to the surging crude oil and natural gas prices. In the case of Argon, the rising costs of sourcing are also responsible for the price trends to strengthen globally.

Procurement Resource provides latest prices of Argon. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.