Report Update Nov 1, 2024

Azerbaijan - Oxygen - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Oxygen Market 2024

Oxygen Market Size in Azerbaijan

The Azerbaijani oxygen market expanded remarkably to $X in 2022, growing by 7.8% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Oxygen consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in Azerbaijan

In value terms, oxygen production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Oxygen Exports

Exports from Azerbaijan

After four years of growth, shipments abroad of oxygen decreased by -29.3% to X cubic meters in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 212%. As a result, the exports attained the peak of X cubic meters, and then shrank dramatically in the following year.

In value terms, oxygen exports declined notably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

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

From 2016 to 2022, the average annual growth rate of volume to Georgia totaled +357.2%.

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

From 2016 to 2022, the average annual growth rate of value to Georgia totaled +199.6%.

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, growing by 15% against the previous year. In general, the export price, however, saw a dramatic curtailment. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for Georgia amounted to -34.5% per year.

Oxygen Imports

Imports into Azerbaijan

In 2022, approx. X cubic meters of oxygen were imported into Azerbaijan; rising by 878% on the year before. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxygen imports soared to $X in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X cubic meters) was the main supplier of oxygen to Azerbaijan, with a 92% share of total imports. Moreover, oxygen imports from the UK exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +85.8%.

In value terms, the largest oxygen suppliers to Azerbaijan were the UK ($X) and the United Arab Emirates ($X).

Among the main suppliers, the UK, with a CAGR of +73.0%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average oxygen import price stood at $X per cubic meter in 2022, dropping by -47.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 93%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the price for the UK amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxygen in the world?

The countries with the highest volumes of in 2021 were China, Russia and India, together comprising 36% of global consumption. These countries were followed by Japan, Pakistan, Brazil, Nigeria, the United States, the Netherlands, France, Italy, Saudi Arabia and Turkey, which together accounted for a further 28%.

What are the largest producers of oxygen in the world?

The countries with the highest volumes of in 2021 were China, Russia and India, with a combined 36% share of global production. Japan, Pakistan, Brazil, the United States, Nigeria, the Netherlands, France, Italy, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of oxygen to Azerbaijan?

In value terms, the largest oxygen suppliers to Azerbaijan were Luxembourg, the UK and the United States, together comprising 71% of total imports. These countries were followed by the United Arab Emirates, Russia, China and Iran, which together accounted for a further 18%.

What are the leading importers of oxygen from Azerbaijan?

In value terms, Georgia remains the key foreign market for oxygen exports from Azerbaijan, comprising 86% of total exports. The second position in the ranking was occupied by Russia, with a 14% share of total exports.

What is the average export price for oxygen in Azerbaijan?

In 2021, the average oxygen export price amounted to $0.6 per cubic meter, declining by -55.7% against the previous year.

What is the average import price for oxygen in Azerbaijan?

In 2021, the average oxygen import price amounted to $64 per cubic meter, growing by 83% against the previous year.

This report provides an in-depth analysis of the oxygen market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111170 - Oxygen

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023