ASEAN: Oxygen Market 2024

Oxygen Market Size in ASEAN

The ASEAN oxygen market reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Oxygen Production in ASEAN

In value terms, oxygen production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Oxygen Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of oxygen, when their volume decreased by X% to X cubic meters. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters, and then dropped dramatically in the following year.

In value terms, oxygen exports contracted significantly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Singapore represented the main exporting country with an export of about X cubic meters, which amounted to X% of total exports. It was distantly followed by Malaysia (X cubic meters), Thailand (X cubic meters) and Vietnam (X cubic meters), together making up a X% share of total exports.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest oxygen supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per cubic meter, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Oxygen Imports

Imports in ASEAN

After two years of growth, supplies from abroad of oxygen decreased by X% to X cubic meters in 2022. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oxygen imports declined notably to $X in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore was the major importing country with an import of around X cubic meters, which reached X% of total imports. Malaysia (X cubic meters) held the second position in the ranking, followed by Lao People's Democratic Republic (X cubic meters), Cambodia (X cubic meters), Brunei Darussalam (X cubic meters), Thailand (X cubic meters), Indonesia (X cubic meters) and Vietnam (X cubic meters). All these countries together held approx. X% share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of oxygen. At the same time, Cambodia (X%), Thailand (X%), Vietnam (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Brunei Darussalam (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Lao People's Democratic Republic, Cambodia, Thailand, Vietnam and Brunei Darussalam increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest oxygen importing markets in ASEAN were Singapore ($X), Cambodia ($X) and Lao People's Democratic Republic ($X), together comprising X% of total imports.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw 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

The import price in ASEAN stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Overall, the import price, however, saw a mild expansion. The pace of growth was the most pronounced in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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