Algeria: Oxygen Market 2024

Oxygen Market Size in Algeria

The Algerian oxygen market declined to $X in 2022, with a decrease of -3% against the previous year. Overall, consumption saw a slight curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Oxygen Production in Algeria

In value terms, oxygen production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oxygen Exports

Exports from Algeria

In 2022, the amount of oxygen exported from Algeria contracted significantly to X cubic meters, declining by -15.6% against the previous year's figure. Over the period under review, exports faced a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 769% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxygen exports expanded markedly to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 344% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X cubic meters) was the main destination for oxygen exports from Algeria, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled -15.9%.

In value terms, Tunisia ($X) remains the key foreign market for oxygen exports from Algeria, comprising 99% of total exports. The second position in the ranking was taken by Spain ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-26.3% per year) and France (-38.9% per year).

Export Prices by Country

The average oxygen export price stood at $X per cubic meter in 2022, picking up by 33% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2021 an increase of 248% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Tunisia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen Imports

Imports into Algeria

In 2022, after three years of growth, there was significant decline in purchases abroad of oxygen, when their volume decreased by -89.2% to X cubic meters. In general, imports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 with an increase of 4,927% against the previous year. As a result, imports reached the peak of X cubic meters, and then contracted markedly in the following year.

In value terms, oxygen imports declined dramatically to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1,175%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest supplier of oxygen to Algeria, with a 47% share of total imports. Moreover, oxygen imports from Spain exceeded the figures recorded by the second-largest supplier, France (X cubic meters), twofold. The third position in this ranking was taken by Germany (X cubic meters), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+70.7% per year) and Germany (+66.2% per year).

In value terms, France ($X) constituted the largest supplier of oxygen to Algeria, comprising 38% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by South Korea, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.0% per year) and South Korea (-7.7% per year).

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, jumping by 399% against the previous year. Overall, the import price, however, showed a mild decline. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per cubic meter), while the price for Spain ($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 Tunisia (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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