Australia and Oceania: Oxygen Market 2024

Oxygen Market Size in Australia and Oceania

The oxygen market in Australia and Oceania dropped to $X in 2022, shrinking by -6% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +7.0% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in Australia and Oceania

In value terms, oxygen production fell to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +6.2% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Oxygen Exports

Exports in Australia and Oceania

In 2022, oxygen exports in Australia and Oceania shrank markedly to X cubic meters, which is down by -30.2% against the year before. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +6.1% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 162%. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then contracted rapidly in the following year.

In value terms, oxygen exports contracted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand was the key exporter of oxygen in Australia and Oceania, with the volume of exports reaching X cubic meters, which was near 75% of total exports in 2022. It was distantly followed by Australia (X cubic meters), constituting a 22% share of total exports. Fiji (X cubic meters) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the oxygen exports, with a CAGR of +54.9% from 2012 to 2022. Fiji experienced a relatively flat trend pattern. Australia (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by +73 percentage points.

In value terms, the largest oxygen supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), together comprising 95% of total exports.

In terms of the main exporting countries, New Zealand, with a CAGR of +39.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per cubic meter in 2022, increasing by 27% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Australia ($X per cubic meter), while Fiji ($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 Australia (+1.3%), while the other leaders experienced a decline in the export price figures.

Oxygen Imports

Imports in Australia and Oceania

Oxygen imports fell to X cubic meters in 2022, with a decrease of -14.8% on the previous year. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of X cubic meters, and then fell in the following year.

In value terms, oxygen imports fell to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 46%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Fiji was the major importer of oxygen in Australia and Oceania, with the volume of imports resulting at X cubic meters, which was near 43% of total imports in 2022. Guam (X cubic meters) ranks second in terms of the total imports with a 25% share, followed by Papua New Guinea (19%). New Zealand (X cubic meters), Australia (X cubic meters) and New Caledonia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guam (with a CAGR of +82.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported oxygen in Australia and Oceania, comprising 38% of total imports. The second position in the ranking was taken by Fiji ($X), with a 17% share of total imports. It was followed by Papua New Guinea, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (+4.5% per year) and Papua New Guinea (+2.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per cubic meter in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 16%. Over the period under review, import prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2022, 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 Australia ($X per cubic meter), while Fiji ($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 New Caledonia (+11.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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