Eastern Asia: Oxygen Market 2024

Oxygen Market Size in Eastern Asia

The East Asian oxygen market dropped modestly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Oxygen Production in Eastern Asia

In value terms, oxygen production declined modestly to $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 relatively stable, with only minor 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. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Oxygen Exports

Exports in Eastern Asia

Oxygen exports fell to X cubic meters in 2022, which is down by X% compared with 2021 figures. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, oxygen exports dropped markedly to $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Hong Kong SAR was the major exporter of oxygen in Eastern Asia, with the volume of exports amounting to X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by China (X cubic meters), mixing up a X% share of total exports. The following exporters - Japan (X cubic meters) and Taiwan (Chinese) (X cubic meters) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest oxygen supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per cubic meter in 2022, shrinking by X% against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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 Japan ($X per cubic meter), while Hong Kong SAR ($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 China (X%), while the other leaders experienced mixed trends in the export price figures.

Oxygen Imports

Imports in Eastern Asia

In 2022, the amount of oxygen imported in Eastern Asia dropped to X cubic meters, which is down by X% on the previous year's figure. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then reduced in the following year.

In value terms, oxygen imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Hong Kong SAR (X cubic meters) represented the major importer of oxygen, mixing up X% of total imports. It was distantly followed by Macao SAR (X cubic meters) and Taiwan (Chinese) (X cubic meters), together committing a X% share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the oxygen imports, with a CAGR of X% from 2012 to 2022. At the same time, Macao SAR (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Macao SAR saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Hong Kong SAR ($X), Macao SAR ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Macao SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per cubic meter, falling by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per cubic meter in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Macao SAR ($X per cubic meter), while Hong Kong SAR ($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 Macao SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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