Report Update Nov 1, 2024

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

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Bulgaria: Oxygen Market 2024

Oxygen Market Size in Bulgaria

After two years of growth, the Bulgarian oxygen market decreased by -16.2% to $X in 2022. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +69.2% against 2016 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Oxygen Production in Bulgaria

In value terms, oxygen production declined rapidly to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 49% against the previous year. As a result, production reached the peak level of $X, and then plummeted in the following year.

Oxygen Exports

Exports from Bulgaria

In 2022, after two years of decline, there was significant growth in overseas shipments of oxygen, when their volume increased by 16% to X cubic meters. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 111%. Over the period under review, the exports hit record highs at X cubic meters in 2019; afterwards, it flattened through to 2022.

In value terms, oxygen exports soared to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X cubic meters) was the main destination for oxygen exports from Bulgaria, accounting for a 76% share of total exports. Moreover, oxygen exports to Greece exceeded the volume sent to the second major destination, Romania (X cubic meters), sixfold. The third position in this ranking was taken by North Macedonia (X cubic meters), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+15.5% per year) and North Macedonia (+16.2% per year).

In value terms, Greece ($X) remains the key foreign market for oxygen exports from Bulgaria, comprising 83% of total exports. The second position in the ranking was held by Romania ($X), with a 6.9% share of total exports. It was followed by North Macedonia, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+20.6% per year) and North Macedonia (+27.4% per year).

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, with an increase of 60% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per cubic meter), while the average price for exports to Romania ($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 Serbia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen Imports

Imports into Bulgaria

After four years of growth, supplies from abroad of oxygen decreased by -30.8% to X cubic meters in 2022. In general, imports, however, posted a tangible increase. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then dropped sharply in the following year.

In value terms, oxygen imports shrank remarkably to $X in 2022. Overall, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 83%. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

Romania (X cubic meters) and Serbia (X cubic meters) were the main suppliers of oxygen imports to Bulgaria.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +4.8%).

In value terms, the largest oxygen suppliers to Bulgaria were Romania ($X) and Serbia ($X).

Among the main suppliers, Romania, with a CAGR of +7.4%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, with an increase of 8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Serbia amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+3.1%).

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, with a combined 36% share of global consumption. Japan, Pakistan, Brazil, Nigeria, the United States, the Netherlands, France, Italy, Saudi Arabia and Turkey lagged somewhat behind, together comprising 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, together comprising 36% of global production. These countries were followed by Japan, Pakistan, Brazil, the United States, Nigeria, the Netherlands, France, Italy, Saudi Arabia and Turkey, which together accounted for a further 28%.

What are the leading suppliers of oxygen to Bulgaria?

In value terms, Romania constituted the largest supplier of oxygen to Bulgaria, comprising 55% of total imports. The second position in the ranking was occupied by Serbia, with a 23% share of total imports. It was followed by Turkey, with a 13% share.

What are the leading importers of oxygen from Bulgaria?

In value terms, Greece remains the key foreign market for oxygen exports from Bulgaria, comprising 91% of total exports. The second position in the ranking was occupied by Romania, with a 3.6% share of total exports.

What is the average export price for oxygen in Bulgaria?

The average oxygen export price stood at $0.2 per cubic meter in 2021, growing by 19% against the previous year.

What is the average import price for oxygen in Bulgaria?

The average oxygen import price stood at $0.2 per cubic meter in 2021, picking up by 22% against the previous year.

This report provides an in-depth analysis of the oxygen market in Bulgaria. 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:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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