South-Eastern Asia: Oxygen Market 2024

Oxygen Market Size in South-Eastern Asia

The Southeast Asian oxygen market totaled $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 South-Eastern Asia

In value terms, oxygen production totaled $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 throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Oxygen Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of oxygen decreased by X% to X cubic meters in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X cubic meters, and then shrank dramatically in the following year.

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

Exports by Country

In 2022, Singapore (X cubic meters) was the major exporter of oxygen, committing X% of total exports. It was distantly followed by Malaysia (X cubic meters), Thailand (X cubic meters) and Vietnam (X cubic meters), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oxygen exports from Singapore stood at X%. 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 South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate 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 South-Eastern Asia amounted to $X per cubic meter, which is down by 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 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2021, and then reduced 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 South-Eastern Asia

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 continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oxygen imports declined sharply to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore represented the main importing country with an import of around X cubic meters, which accounted for X% of total imports. Malaysia (X cubic meters) took 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 took near 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 South-Eastern Asia, 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. While the share of Singapore (X p.p.), Lao People's Democratic Republic (X p.p.), Cambodia (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and Brunei Darussalam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Cambodia ($X) and Lao People's Democratic Republic ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per cubic meter, declining by X% against the previous year. In general, the import price, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the import prices remained at a 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

Frequently Asked Questions (FAQ) :