EU: Oxygen Market 2024

Oxygen Market Size in the EU

The EU oxygen market contracted to $X in 2022, which is down by -9.7% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Oxygen Production in the EU

In value terms, oxygen production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Oxygen Exports

Exports in the EU

Oxygen exports declined to X cubic meters in 2022, shrinking by -6.2% on the year before. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of X cubic meters, and then reduced in the following year.

In value terms, oxygen exports rose notably to $X in 2022. The total export value increased at an average annual rate of +2.0% 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 2021 with an increase of 35%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Belgium (X cubic meters) and France (X cubic meters) represented the major exporters of oxygen in the European Union, together constituting 62% of total exports. Germany (X cubic meters) took the next position in the ranking, followed by Portugal (X cubic meters) and the Netherlands (X cubic meters). All these countries together held near 15% share of total exports. Poland (X cubic meters), the Czech Republic (X cubic meters), Bulgaria (X cubic meters), Croatia (X cubic meters) and Ireland (X cubic meters) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +10.8%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the largest oxygen supplier in the European Union, comprising 36% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: France (+0.9% per year) and Germany (+1.2% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per cubic meter, jumping by 19% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure 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 Bulgaria ($X per cubic meter), while France ($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 Bulgaria (+7.3%), while the other leaders experienced more modest paces of growth.

Oxygen Imports

Imports in the EU

In 2022, the amount of oxygen imported in the European Union dropped to X cubic meters, waning by -3% against 2021. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. Over the period under review, imports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oxygen imports totaled $X in 2022. Overall, imports saw a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X cubic meters), Germany (X cubic meters) and Luxembourg (X cubic meters) was the major importer of oxygen in the European Union, mixing up 63% of total import. Slovakia (X cubic meters) took the next position in the ranking, followed by Greece (X cubic meters). All these countries together held near 13% share of total imports. Slovenia (X cubic meters), the Czech Republic (X cubic meters), France (X cubic meters), Croatia (X cubic meters) and Austria (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2022, with a combined 54% share of total imports. Greece, France, Slovakia, Austria, the Czech Republic, Slovenia and Croatia lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Greece, with a CAGR of +16.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per cubic meter, with an increase of 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per cubic meter), while Croatia ($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 France (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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