MENA: Oxygen Market 2024

Oxygen Market Size in MENA

The MENA's oxygen market reduced to $X in 2022, shrinking by X% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Oxygen Production in MENA

In value terms, oxygen production fell to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Oxygen Exports

Exports in MENA

For the fifth year in a row, MENA recorded growth in shipments abroad of oxygen, which increased by X% to X cubic meters in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, oxygen exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Kuwait (X cubic meters) was the major exporter of oxygen, creating X% of total exports. The United Arab Emirates (X cubic meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%) and Saudi Arabia (X%). Syrian Arab Republic (X cubic meters) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the oxygen exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Turkey (X%), the United Arab Emirates (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. While the share of Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.), Syrian Arab Republic (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) emerged as the largest oxygen supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Turkey, with an X% share.

In Kuwait, oxygen exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per cubic meter, declining by X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per cubic meter), while Saudi Arabia ($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 Turkey (X%), while the other leaders experienced a decline in the export price figures.

Oxygen Imports

Imports in MENA

In 2022, purchases abroad of oxygen decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X cubic meters in 2021, and then declined significantly in the following year.

In value terms, oxygen imports fell significantly to $X in 2022. Overall, imports, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Jordan (X cubic meters) represented the key importer of oxygen, comprising X% of total imports. Saudi Arabia (X cubic meters) held the second position in the ranking, distantly followed by Oman (X cubic meters) and Iraq (X cubic meters). All these countries together took near X% share of total imports. Lebanon (X cubic meters), Palestine (X cubic meters) and the United Arab Emirates (X cubic meters) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) constitutes the largest market for imported oxygen in MENA, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Jordan, oxygen imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in MENA stood at $X per cubic meter in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Jordan ($X per cubic meter), while Saudi Arabia ($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 Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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