Portugal: Oxygen Market 2022

Oxygen Market Size in Portugal

The Portuguese oxygen market rose rapidly to $X in 2021, growing by X% against the previous year. Overall, consumption, however, recorded a noticeable decline. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Oxygen Production in Portugal

In value terms, oxygen production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Oxygen Exports

Exports from Portugal

Oxygen exports from Portugal dropped to X cubic meters in 2021, waning by -X% compared with 2020. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X cubic meters, and then reduced in the following year.

In value terms, oxygen exports reduced dramatically to $X in 2021. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X cubic meters) was the main destination for oxygen exports from Portugal, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +X%.

In value terms, Spain ($X) also remains the key foreign market for oxygen exports from Portugal.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +X%.

Export Prices by Country

The average oxygen export price stood at $X per cubic meter in 2021, shrinking by -X% against the previous year. Over the period under review, the export price saw a mild slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -X% per year.

Oxygen Imports

Imports into Portugal

In 2021, overseas purchases of oxygen were finally on the rise to reach X cubic meters after two years of decline. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2021, the growth imports failed to regain momentum.

In value terms, oxygen imports skyrocketed to $X in 2021. Overall, imports enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Spain (X cubic meters) was the main oxygen supplier to Portugal, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +X%.

In value terms, Spain ($X) constituted the largest supplier of oxygen to Portugal.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +X%.

Import Prices by Country

In 2021, the average oxygen import price amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform