Report Update Nov 1, 2024

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

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Cuba: Oxygen Market 2024

Oxygen Market Size in Cuba

The Cuban oxygen market expanded to $X in 2022, growing by 4.8% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2020 indices. Oxygen consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Oxygen Production in Cuba

In value terms, oxygen production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.6% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 59% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Oxygen Exports

Exports from Cuba

In 2019, oxygen exports from Cuba reached X cubic meters, surging by 10% compared with 2018 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oxygen exports skyrocketed to $X in 2019. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X cubic meters) was the main destination for oxygen exports from Cuba, with a approx. 100% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of volume to the Dominican Republic stood at +10.4%.

In value terms, the Dominican Republic ($X) also remains the key foreign market for oxygen exports from Cuba.

From 2014 to 2019, the average annual rate of growth in terms of value to the Dominican Republic amounted to +20.0%.

Export Prices by Country

In 2019, the average oxygen export price amounted to $X per cubic meter, growing by 8.7% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2019, the rate of growth in terms of prices for the Dominican Republic amounted to +8.8% per year.

Oxygen Imports

Imports into Cuba

After two years of decline, overseas purchases of oxygen increased by 147% to X cubic meters in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 694%. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, oxygen imports surged to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 787%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X cubic meters) constituted the largest oxygen supplier to Cuba, accounting for a 71% share of total imports. Moreover, oxygen imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X cubic meters), fivefold. The third position in this ranking was held by Germany (X cubic meters), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-11.9% per year) and Germany (+1.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of oxygen to Cuba, comprising 95% of total imports. The second position in the ranking was taken by Canada ($X), with a 1.5% share of total imports. It was followed by Germany, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-31.4% per year) and Germany (-6.6% per year).

Import Prices by Country

The average oxygen import price stood at $X per cubic meter in 2022, with a decrease of -52% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Canada ($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 Spain (-3.9%), while the prices for the other major suppliers experienced a decline.

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, 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 accounting for a further 28%.

What are the leading suppliers of oxygen to Cuba?

In value terms, Mexico constituted the largest supplier of oxygen to Cuba, comprising 68% of total imports. The second position in the ranking was occupied by Spain, with a 31% share of total imports.

What is the average export price for oxygen in Cuba?

The average oxygen export price stood at $0.2 per cubic meter in 2018, leveling off at the previous year.

What is the average import price for oxygen in Cuba?

The average oxygen import price stood at $3 per cubic meter in 2021, shrinking by -27.4% against the previous year.

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

Cuba

Data coverage:

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