Market research

Argon market in Norway

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Norwegian argon market contracted from 2018 to 2020, with its value falling from 16.9 million USD to 14.4 million USD.

A strong rebound followed in 2022, lifting the market value to 20.6 million USD. This growth was primarily driven by heightened demand from key industrial applications such as welding, metal processing, electronics manufacturing, and food production. The market shift towards sustainability was also reflected in the launch of Linde Green, a portfolio of carbon-neutral liquid gases including argon.

Market volume stabilized at 20.5 million USD in 2023 before surging by 31% to 26.9 million USD in 2024. In 2025, the tender for a major new diesel power plant in Svalbard signaled ongoing large-scale industrial projects that can influence argon demand.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018-2020, 2022-2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018-2020, 2022-2024
5. Production
1. 5.1. Production in Norway
  1. 5.1.1. In kind, 2018-2020, 2022, K m³
  2. 5.1.2. In value, 2018-2020, 2022-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's exports from Norway in kind, 2018-2025, K m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Norway by countries, 2018-2025, K m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Norway in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Norway by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Norway, 2018-2025, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Norway by countries, 2018-2025, $ US/K m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's exports from Norway in kind, 2018-2025, K m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Norway by countries, 2018-2025, K m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Norway in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Norway by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Norway, 2018-2025, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Norway by countries, 2018-2025, $ US/K m³
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's imports to Norway in kind, 2018-2025, K m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Norway by countries, 2018-2025, K m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Norway in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Norway by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Norway, 2018-2025, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Norway by countries, 2018-2025, $ US/K m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's imports to Norway in kind, 2018-2025, K m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Norway by countries, 2018-2025, K m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Norway in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Norway by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Norway, 2018-2025, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Norway by countries, 2018-2025, $ US/K m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production argon in Norway

In value, 2018-2021, K $ US

Norway's argon production declined for the second year in a row. In 2020, output was valued at 13 061 thousand US dollars, marking a 14.8% drop compared to 2019. From 2018 to 2020, production fell by 16.6%, which translates to an annualized decrease of 5.9%.

Annual dynamics of production in Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.1%)	(14.8%)	n/a	-

Source: SHEV.io

In kind, 2018-2021, K m³

Norway's argon production decreased for the second consecutive year. In 2020, the country produced 3 281 thousand cubic meters of argon, which is 14.1% lower than the previous year. Between 2018 and 2020, production declined by 18.6%, with a compound annual growth rate of -6.6%.

Annual dynamics of production in Norway in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(5.2%)	(14.1%)	n/a	-

Source: SHEV.io

Exports argon from Norway

Exports in kind, K m³

The market exhibited volatility during the observed period. Export volumes reached their lowest point in 2018 and peaked in 2019, showing a 2.2-fold difference between these years. In 2021, Norway's cross-border shipments of argon totaled 2 109 thousand cubic meters, down 10.8% from the previous year. The highest volume was recorded in 2019 at 3 302 thousand cubic meters. The largest decline occurred in 2020 with a 28.4% drop, while the biggest increase was in 2019 with a 118.4% rise.

Annual dynamics of product's exports from Norway in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	118.4%	(28.4%)	(10.8%)	11.7%

Source: SHEV.io

From 2018 to 2021, Sweden dominated Norway's argon export structure in volume terms, consistently representing 99.4% of total flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Norway in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

The data shows irregular changes, pointing to a volatile market environment. Export values bottomed in 2018 and peaked in 2019, with a 2.1-fold difference between these years. In 2021, exported argon from Norway was valued at 900 thousand US dollars, reflecting a moderate 5.4% increase compared to 2020. The highest value was recorded in 2019 at 977 thousand US dollars. The largest decline occurred in 2020 with a 12.6% drop, while the biggest increase was in 2019 with a 107.6% rise.

Annual dynamics of product's exports from Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	107.6%	(12.6%)	5.4%	24.1%

Source: SHEV.io

Between 2018 and 2021, Norway's export pattern in value terms was heavily reliant on Sweden, which accounted for 97.8% of total flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Norway in value, 2018-2021

Source: SHEV.io

Imports argon to Norway

Imports in kind, K m³

Norway imported approximately 6 922 thousand cubic meters of argon in 2021, reflecting a sharp 62.7% increase compared to the previous year. From 2018 to 2021, imports grew by 91.7%, equating to an annualized rate of 24.2%. The largest decline was recorded in 2020 with a 2.6% drop.

Annual dynamics of product's imports to Norway in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	20.9%	(2.6%)	62.7%	24.2%

Source: SHEV.io

Throughout 2018 to 2021, Sweden dominated Norway's argon import structure in volume terms, accounting for 82.0% of total flows, while other destinations remained relatively minor.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Norway in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Norway's argon imports increased for the third consecutive year. In 2021, imports amounted to 3 259 thousand US dollars, up 45.8% from the previous year. Over the period from 2018 to 2021, imports rose by 82.4%, with a compound annual growth rate of 22.2%.

Annual dynamics of product's imports to Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	16.2%	7.7%	45.8%	22.2%

Source: SHEV.io

From 2018 to 2021, Sweden concentrated 76.6% of Norway's total argon imports in value terms, with the remaining flows distributed among multiple smaller partners.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Norway in value, 2018-2021

Source: SHEV.io