Global Oxygen Market 2024

Oxygen Market Size

The global oxygen market reduced slightly to $X in 2022, remaining constant against 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. Global consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Oxygen Production

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% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Global production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Oxygen Exports

Exports

Global oxygen exports contracted to X cubic meters in 2022, dropping by X% against the previous year's figure. The total export volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X cubic meters, and then fell in the following year.

In value terms, oxygen exports stood at $X in 2022. Over the period under review, total exports indicated a measured expansion 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Belgium (X cubic meters), distantly followed by France (X cubic meters), the United States (X cubic meters) and Kuwait (X cubic meters) represented the main exporters of oxygen, together making up X% of total exports. Germany (X cubic meters), Poland (X cubic meters), Portugal (X cubic meters), the Czech Republic (X cubic meters), Austria (X cubic meters), the United Arab Emirates (X cubic meters) and Switzerland (X cubic meters) held a minor share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), the United Arab Emirates (X%), the United States (X%), Portugal (X%), Switzerland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, France (X%), Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium, Kuwait and the United States increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest oxygen supplier worldwide, comprising X% of global exports. The second position in the ranking was held by France ($X), with an X% share of global exports. It was followed by Kuwait, with a X% share.

In Belgium, oxygen exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per cubic meter), while the United States ($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 Austria (X%), while the other global leaders experienced more modest paces of growth.

Oxygen Imports

Imports

In 2022, the amount of oxygen imported worldwide reduced to X cubic meters, which is down by X% compared with the year before. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, oxygen imports shrank sharply to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Germany (X cubic meters), the Netherlands (X cubic meters) and Luxembourg (X cubic meters) represented roughly X% of total imports in 2022. It was distantly followed by Slovakia (X cubic meters), mixing up a X% share of total imports. Canada (X cubic meters), Jordan (X cubic meters), Greece (X cubic meters), the United States (X cubic meters), Slovenia (X cubic meters), Saudi Arabia (X cubic meters), the Czech Republic (X cubic meters), the UK (X cubic meters) and France (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest oxygen importing markets worldwide were the Netherlands ($X), Germany ($X) and Jordan ($X), with a combined X% share of global imports. Luxembourg, Greece, France, Slovakia, the UK, Canada, the Czech Republic, Slovenia, Saudi Arabia and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Greece, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per cubic meter, and then contracted slightly in the following year.

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 France ($X per cubic meter), while the United States ($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 France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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